The Influence of Acquisition Experience and Performance on Acquisition Behavior: Evidence From the U.S. Commercial Banking Industry
We draw upon theories of organizational learning to examine acquisition likelihood in a sample of banking industry acquisitions from 1988 through 2001. Although research on organizational learning suggests that routines arising both from experience and from performance feedback guide organizational...
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Veröffentlicht in: | Academy of Management journal 2006-04, Vol.49 (2), p.357-370 |
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creator | Haleblian, Jerayr (John) Kim, Ji-yub (Jay) Rajagopalan, Nandini |
description | We draw upon theories of organizational learning to examine acquisition likelihood in a sample of banking industry acquisitions from 1988 through 2001. Although research on organizational learning suggests that routines arising both from experience and from performance feedback guide organizational learning, the combined effect of these two sources of learning has rarely been examined. Findings are consistent with our theoretical predictions: (1) prior acquisition experience, (2) recent acquisition performance, and (3) the interaction between acquisition experience and recent acquisition performance are all positively related to the likelihood of subsequent acquisition. [PUBLICATION ABSTRACT] |
doi_str_mv | 10.5465/amj.2006.20786083 |
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subjects | Acquisitions Bank acquisitions & mergers Bank management Bank operations Banking Banking industry Business management Business organization Business studies Data analysis Economic concentration Learning Organizational learning Organizational structure Studies U.S.A |
title | The Influence of Acquisition Experience and Performance on Acquisition Behavior: Evidence From the U.S. Commercial Banking Industry |
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