政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/117566

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 113656/144643 (79%)
Visitors : 51719075 Online Users : 665

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 商學院 > 財務管理學系 > 期刊論文 > Item 140.119/117566

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/117566

Title:	Observational Learning from Acquisition Outcomes of Innovation Leaders
Authors:	陳聖賢;黃嘉威 Chen, Sheng-Syan Huang, Chia-Wei Lin, Chih-Yen
Contributors:	財管系
Date:	2017-01
Issue Date:	2018-06-11 17:56:17 (UTC+8)
Abstract:	We examine how learning from observing the acquisition outcomes of innovation leaders affects the acquisition decisions and performance of followers in an industry. Followers tend to increase the probability of acquisition and the size of an acquisition when innovation leader acquisitions produce more favorable outcomes, and reduce both when innovation leader acquisitions suffer more unfavorable outcomes. Industry competition, environmental uncertainty, prior acquisition experience, geographic proximity, and managerial incentives are important mechanisms affecting observational learning in acquisitions. Follower acquisitions perform better when innovation leaders’ acquisition outcomes convey more favorable signals, and more poorly when they convey more unfavorable signals.
Relation:	Financial Management, Vol.46, No.2, pp.487-522
Data Type:	article
DOI 連結:	http://dx.doi.org/10.1111/fima.12132
DOI:	10.1111/fima.12132
Appears in Collections:	[財務管理學系] 期刊論文

Files in This Item:

File	Description	Size	Format
487522.pdf		256Kb	Adobe PDF2	434	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...