The DOI matches its Crossref record; 7 of the 7 references it cites were found in a registry or an index.
Market value effects of acquisitions involving internet firms: a resource‐based analysis
Abstract
While most prior research suggests that the average change in market value of acquiring firms varies closely around zero, recent research grounded in the resource‐based view and organizational learning theory identify positive returns to acquirers. We contribute to this literature by focusing on acquisitions of Internet firms and the potential for the transfer of scarce resources. We hypothesize that acquisitions made by offline firms of Internet firms and by Internet firms of other Internet firms lead to positive market valuation for the acquirer. Results of an event study of 798 acquisitions of Internet firms provided support for these predictions. We also find that prior alliances with online firms do not reduce the gains from such acquisitions to offline firms. Copyright © 2006 John Wiley & Sons, Ltd.
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Cites
Firm Resources and Sustained Competitive Advantage
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The Market for "Lemons": Quality Uncertainty and the Market Mechanism
Akerlof, G. A. (1970) · The Quarterly Journal of Economics · doi:10.2307/1879431 · Cited by 23,016
Toward a knowledge-based theory of the firm
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Strategic assets and organizational rent
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Core capabilities and core rigidities: A paradox in managing new product development
Leonard-Barton, D. (1992) · Strategic Management Journal · doi:10.1002/smj.4250131009 · Cited by 6,477
Event-study methodology under conditions of event-induced variance
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E-Commerce Readiness: Institutional Environment and International Competitiveness
Oxley, J. E., & Yeung, B. (2001) · Journal of International Business Studies · doi:10.1057/palgrave.jibs.8490991 · Cited by 420
Cited by
Gubbi, S. R., Aulakh, P. S., Ray, S., Sarkar, M. B., & Chittoor, R. (2010) · Journal of International Business Studies · doi:10.1057/jibs.2009.47 · Cited by 607
Connecting the Dots: Bringing External Corporate Governance into the Corporate Governance Puzzle
Aguilera, R. V., Desender, K. A., Bednar, M. K., & Lee, J. H. (2015) · Academy of Management Annals · doi:10.1080/19416520.2015.1024503 · Cited by 502
Bauer, F., & Matzler, K. (2014) · Strategic Management Journal · doi:10.1002/smj.2091 · Cited by 498
Metadata
- Authors
- Uhlenbruck, K., Hitt, M. A., & Semadeni, M.
- Venue
- Strategic Management Journal
- Publisher
- Wiley
- Published
- 2006-07-31
- Volume
- 27
- Issue
- 10
- Pages
- 899-913
- ISSN
- 0143-2095 (ISSN-L)
- 1097-0266
- OpenAlex
- W2107838675
- Cited by
- 219
- References
- 7
- FWCI
- 38.58
- Type
- journal article
- Language
- en
- Open access
- closed
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