Overbidding in cross-border acquisitions: Misperceptions in assessing and valuing knowledge

被引：28

作者：

Mukherji, Ananda ^{[2
]}

Mukherji, Jyotsna ^{[2
]}

Dibrell, Clay ^{[3
]}

Francis, John D. ^{[1
]}

机构：

[1] San Diego State Univ, San Diego, CA 92109 USA

[2] Texas A&M Int Univ, Laredo, TX 78041 USA

[3] Univ Mississippi, University, MS 38655 USA

来源：

JOURNAL OF WORLD BUSINESS | 2013年 / 48卷 / 01期

关键词：

Cross-border mergers and acquisitions (M&As); Knowledge acquisition and sharing; SHAREHOLDER BENEFITS; CULTURAL DISTANCE; VALUE CREATION; MARKET; DIVERSIFICATION; UNCERTAINTY; COMPLEXITY;

D O I：

10.1016/j.jwb.2012.06.005

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Many firms competing across borders use acquisitions to gain the knowledge and capabilities that reside in target firms. Assessing and valuing knowledge in the international context is complex and frequently error-prone. The international acquisition literature has not adequately addressed the difficulties of valuing knowledge, the costs associated with acquiring knowledge, the factors behind escalating bids to acquire knowledge, and the impact of knowledge acquisitions on returns. We conceptually explore several key dimensions that influence the assessment and valuation of knowledge and develop propositions positing the effects of predictor variables and moderators on knowledge assessment and valuation in cross-border acquisitions. (C) 2012 Elsevier Inc. All rights reserved.

引用

页码：39 / 46

页数：8

共 74 条

[31] Expatriation as a bridge over troubled water:: A knowledge-based perspective applied to cross-border acquisitions [J].