Acquisitions and Corporate Strategy : Alliances, Performance, and Divestment book cover
1st Edition

Acquisitions and Corporate Strategy
Alliances, Performance, and Divestment

Edited By

David R. King

ISBN 9781032036366
Published April 19, 2022 by Routledge
272 Pages 14 B/W Illustrations

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Book Description

Corporate restructuring (acquisitions, alliances and divestment) is a visible form of corporate strategy. For example, firm investments in buying and selling assets exceed the gross domestic product of the majority of nations. Most research in this area examines acquisitions, but informing practice is limited by examining acquisitions in isolation or using a narrow focus. For example, a lingering problem is that average acquisition performance is consistently around zero, suggesting a need to identify practically relevant relationships.

In addressing this need, research on three fundamental questions is covered: 1) How do acquisitions relate to other corporate strategy options?; 2) What helps to predict acquisition performance?; and 3) What are persistent acquisition research issues? The first question is intended to overcome a research limitation that acquisitions are often examined independent of other corporate strategies, including internal development, alliances, and divestment. The second question addresses novel relationships associated with the primary focus of acquisition research in examining what drives acquisition performance. The third question reflects on the underlying complexity of the phenomenon that makes it a challenge to identify what drives acquisition performance. Overall, the intent of presenting ideas on these fundamental questions is to illustrate promising areas for future research.

This book presents the latest state of knowledge on the topic and will be of interest to researchers, academics, and advanced students in the fields of strategic management, international business, and organizational studies.

Table of Contents

Section I How do acquisitions relate to other corporate strategy options? 

1 Alliances as precursors to an acquisition

Elio Shijaku, David R. King, and Ainhoa Urtasun

2 Review of Divestment Research

Sina Amiri, David R. King, and Sam DeMarie

3 What follows what? Sequences and combinations of acquisitions and divestitures

Oleksandra Kochura, Nicola Mirc, and Denis Lacoste

4 Cross-border acquisition and greenfield investment: Substitutes or complements?

Nan Zhang and Joseph Clougherty

Section II What helps to predict acquisition performance? 

5 Merging dynamic capabilities and acquisition process research: Toward an integrative theoretical framework

Svante Schriber

6 Capability transfer: Improved performance from acquiring polluting targets

Pankaj Patel and David R. King

7 Cross-border acquisition performance insights from predictive modeling

Camilla Jensen, Peter Zámborský, and David R. King

Section III What are persistent acquisition research issues? 

8 A reconceptualization: The mis(measurement) of acquisition performance ten years later

Olimpia Meglio

9 Improving acquisition research methods: Addressing endogeneity

Gonzalo Molina-Sieiro

10 Cultural dynamics in acquisitions

Satu Teerikangas and Melanie Hassert

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David R. King is the Higdon Professor of Management at Florida State University, USA.