دانلود رایگان مقاله لاتین تجربه ارزش با ایجاد کسب شواهدی از سایت الزویر
عنوان فارسی مقاله:
چگونه کسب تجربه ارزش ایجاد می کند ؟ شواهدی از یک تغییر نظارتی موثر بر محیط اطلاعاتی
عنوان انگلیسی مقاله:
How does acquisition experience create value? Evidence from a regulatory change affecting the information environment
سال انتشار : 2016
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بخشی از مقاله انگلیسی:
2. Theory background and hypotheses
2.1. Experiential learning to select versus add value Previous studies have consistently theorized and shown that performance increases as organizations gain production experience in operational settings, a phenomenon known as the “experience curve effect” (Andress, 1954; Hirschmann, 1964; Wright, 1936). This relationship has been documented in production settings for aircraft (Benkard, 2000), ships (Rapping, 1965), trucks (Argote & Epple, 1990), and semiconductors (Hatch & Mowery, 1998), among others. However, findings about learning from experience in strategic contexts have been decidedly less consistent (see Barkema & Schijven, 2008a). In particular, studies about acquisitions found positive relationships between experience and performance (Barkema, Bell, & Pennings, 1996; Bruton, Oviatt, & White, 1994; Fowler & Schmidt, 1989), while others reported finding the relationship to be non-significant (Hayward, 2002; Wright, Kroll, Lado, & Van Ness, 2002; Zollo & Singh, 2004) or U-shaped (Haleblian & Finkelstein, 1999; Porrini, 2004). To explain why experience might have a different impact on performance in operational and strategic contexts, previous research has pointed to differences in causal ambiguity. Causal ambiguity refers to the difficulty of determining the exact causal relationship between a certain task (or decision) and its outcome (Mosakowski, 1997). Quite simply, if a task is causally ambiguousdand so it is difficult to understand the link between how the task is executed and its outcomedit is less likely that the repetition of a task over time leads to some learning and therefore to improved performance. As the previous literature shows, where decision makers’ bounded rationality (Simon, 1947) is assumed, causal ambiguity depends mainly on two characteristics of the decision at hand: its complexity and its temporal distance from the outcome (i.e., the time span between the execution of a decision execution and the observation of its associated outcome).
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کلمات کلیدی:
do mergers and acquisitions create value to ... - Serials Publications serialsjournals.com/serialjournalmanager/pdf/1469094804.pdf by OG Paskelian - 2015 - Related articles which result in an acquisition which does not create shareholder value. ..... find that high market-to-book companies experience significantly less positive ... [PDF]Do cross-border acquisitions create value? Evidence from overseas ... www.bm.ust.hk/mgmt/staff/papers/JT/Li-Li-Wang-IBR.pdf by J Li - 2016 - Cited by 16 - Related articles Sep 4, 2015 - mergers and acquisitions (M&As) create or destroy value for the shareholders ..... Firms learn from their acquisition experiences, which can help. The value of target's acquisition experience in M&A: The European ... www.tandfonline.com/doi/full/10.1080/1351847X.2016.1212719?scroll=top...true Aug 3, 2016 - First, acquirer gains will reduce when targets have more acquisition ..... can create value in M&A after examining acquisition experience of ... [PDF]Thesis Acquisition Exp.1 - University of Twente Student Theses essay.utwente.nl/61506/1/MSc_B_Diepenmaat.pdf by BA Diepenmaat - 2012 - Related articles acquisition experience will perform better and that the prior acquisition ... capabilities, building on acquisition experience, create value when entering CEE. Big Firms Lose Value in Acquisitions www.nber.org/digest/aug03/w9523.html Small companies that make acquisitions create value for their shareholders. In Do Shareholders of Acquiring Firms Gain from Acquisitions? ... shareholders lose because of big losses experienced during the merger wave of the late 1990s. The six types of successful acquisitions | McKinsey & Company www.mckinsey.com/business-functions/.../the-six-types-of-successful-acquisitions In our experience, the strategic rationale for an acquisition that creates value .... a handful of others can create value, though in our experience they do so ... Acquisitions — Myths and Reality - MIT Sloan Management Review sloanreview.mit.edu/article/acquisitions-myths-and-reality/ by PC Haspeslagh - Cited by 157 - Related articles Jan 15, 1987 - Acquisitions don't succeed... acquisitive strategies do. Shareholders are ... Managers try to capture rather than create value. Strategic analysis ... Searches related to does acquisition experience create value value creating diversification strategy mergers and acquisitions diversification diversification acquisition example how does diversification create value diversification through acquisition examples of value creating diversification diversification merger example diversification through acquisition: strategies for creating economic value
