| dc.contributor | 財管系 | zh_TW |
| dc.creator (作者) | 陳聖賢; 黃嘉威 | zh_TW |
| dc.creator (作者) | Chen, Sheng-Syan | en_US |
| dc.creator (作者) | Huang, Chia-Wei | en_US |
| dc.creator (作者) | Lin, Chih-Yen | en_US |
| dc.date (日期) | 2017-01 | - |
| dc.date.accessioned | 11-Jun-2018 17:56:17 (UTC+8) | - |
| dc.date.available | 11-Jun-2018 17:56:17 (UTC+8) | - |
| dc.date.issued (上傳時間) | 11-Jun-2018 17:56:17 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/117566 | - |
| dc.description.abstract (摘要) | 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. | en_US |
| dc.format.extent | 262487 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Financial Management, Vol.46, No.2, pp.487-522 | zh_TW |
| dc.title (題名) | Observational Learning from Acquisition Outcomes of Innovation Leaders | en_US |
| dc.type (資料類型) | article | - |
| dc.identifier.doi (DOI) | 10.1111/fima.12132 | - |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1111/fima.12132 | - |
