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How do networks andlearning drive M&As?An institutionalcomparison betweenChina and the UnitedStates Zhiang LinMike W. PengHaibin Yang2009 год

How do networks and learning drive M&As? An institutional comparison between China and the United States
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Аннотация: Abstract What drives mergers and acquisitions (M&As) in different institutional environments? This article builds on the resource dependence perspective and argues that networks, learning, and institutions represent three building blocks that can enhance our understanding of the drivers behind M&As. Specifically, we consider firms as learning actors embedded in network relations and influenced by institutional development, and compare and contrast firms' acquisition activities across the United States and China. Our findings show that there are indeed important learning and network factors that lead to M&As. More interestingly, the impact of such learning and network factors varies sharply across countries with different market‐based institutions. Copyright © 2009 John Wiley & Sons, Ltd.
Год издания: 2009
Авторы: Zhiang Lin, Mike W. Peng, Haibin Yang, Sunny Li Sun
Издательство: Wiley
Источник: Strategic Management Journal
Ключевые слова: Corporate Finance and Governance, Innovation and Knowledge Management, International Business and FDI