230 Part 2: Strategic Actions: Strategy Formulation
NOTES
- M. Menz, S. Kunisch, & D. J. Collis, 2015,
The corporate headquarters in the
contemporary corporation: Advancing a
multimarket firm perspective, Academy of
Management Annals, 9: 633–714; M. Gruber,
I. C. MacMillan, & J. D. Thompson, 2012,
From minds to markets: How human
capital endowments shape market
opportunity identification of technology
start-ups, Journal of Management, 38:
1421–1449; D. J. Teece, 2010, Alfred Chandler
and “capabilities” theories of strategy and
management, Industrial and Corporate
Change, 19: 297–316. - R. Ragozzino & D. P. Blevins, 2015, Venture-
backed firms: How does venture capital
involvement affect their likelihood of going
public or being acquired? Entrepreneurship
Theory and Practice, in press; H. R. Greve,
2011, Positional rigidity: Low performance
and resource acquisition in large and small
firms, Strategic Management Journal, 32:
103–114; R. Ragozzino & J. J. Reuer, 2010,
The opportunities and challenges of
entrepreneurial acquisitions, European
Management Review, 70: 80–90. - P.-X. Meschi & E. Metais, 2015, Too big to
learn: The effects of major acquisition
failures on subsequent acquisition
divestment, British Journal of Management,
in press; K. Muehlfeld, P. Rao Sahib, &
A. Van Witteloostuijn, 2012, A contextual
theory of organizational learning from
failures and successes: A study of
acquisition completion in the global
newspaper industry, 1981–2008,
Strategic Management Journal,
33: 938–964; M. A. Hitt, D. King,
H. Krishnan, M. Makri, M. Schijven,
K. Shimizu, & H. Zhu, 2009, Mergers and
acquisitions: Overcoming pitfalls, building
synergy and creating value, Business
Horizons, 52: 523–529. - D. A. Basuil & D. K. Datta, 2015, Effects of
industry- and region-specific acquisition
experience on value creation in cross-
border acquisitions: The moderating role of
cultural similarity, Journal of Management
Studies, in press; A. S. Gaur, S. Malhotra, &
P. Zhu, 2013, Acquisition announcements
and stock market valuations of acquiring
firms’ rivals: A test of the growth
probability hypothesis in China, Strategic
Management Journal, 34: 215–232;
G. M. McNamara, J. Haleblian, & B. J. Dykes,
2008, The performance implications of
participating in an acquisition wave:
Early mover advantages, bandwagon
effects, and the moderating influence of
industry characteristics and acquirer tactics,
Academy of Management Journal, 51: 113–130. - C. Moschieri & J. M. Campa, 2014, New
trends in mergers and acquisitions:
Idiosyncrasies of the European market,
Journal of Business Research, 67: 1478–1485;
J. J. Reuer, T. W. Tong, & C. Wu, 2012, A
signaling theory of acquisition premiums:
Evidence from IPO targets, Academy of
Management Journal, 55: 667–683.
- J. B. Edwards, 2015, M&A deal-makers are
dealing in 2014: A commentary, Journal of
Corporate Accounting & Finance, 26: 19–24. - J. S. Ang & A. K. Ismail, 2015, What
premiums do target shareholders expect?
Explaining negative returns upon offer
announcement, Journal of Corporate
Finance, 30: 245–256; M. Cornett, B. Tanyeri, &
H. Tehranian, 2011, The effect of merger
anticipation on bidder and target firm
announcement period returns, Journal of
Corporate Finance, 17: 595–611. - A. Kaul & X. (Brian) Wu, 2015, A capabilities-
based perspective on target selection in
acquisitions, Strategic Management Journal,
in press; J. Cicon, J. Clarke, S. P. Ferris, &
N. Jayaraman, 2014, Managerial
expectations of synergy and the
performance of acquiring firms:
The contribution of soft data, Journal of
Behavioral Finance, 15: 161–175; J. Sears &
G. Hoetker, 2014, Technological overlap,
technological capabilities, and resource
recombination in technological
acquisitions, Strategic Management Journal,
35: 48–67. - P. Loftus, J. D. Rockoff, & M. Farrell, 2015,
Alexion-Synageva deal shows lure of rare-
disease drugs, Wall Street Journal Online,
http://www.wsj.com, May 6. - J.-Y. (Jay) Kim, S. Finkelstein, & J. Haleblian,
2015, All aspirations are not created equal:
The differential effects of historical and
social aspirations on acquisition behavior,
Academy of Management Journal, in press;
V. Ambrosini, C. Bowman, & R. Schoenberg,
2011, Should acquiring firms pursue more
than one value creation strategy? An
empirical test of acquisition performance,
British Journal of Management, 22: 173–185;
K. J. Martijn Cremers, V. B. Nair, & K. John,
2009, Takeovers and the cross-section of
returns, Review of Financial Studies, 22:
1409–1445. - J. McKinnon, 2015, Canada’s Alamos Gold
and AuRico Gold to merge, Wall Street
Journal Online, http://www.wsj.com, April 13. - M. Curtin, 2015, A ‘merger of equals’ is more
fragile, Wall Street Journal Online, http://www.wsj.
com, March 16. - N. Aktas, E. Croci, & S. A. Simsir, 2015,
Corporate governance and takeover
outcomes, Corporate Governance:
An International Review, in press; M.
Humphery-Jenner, 2014, Takeover defenses
as drivers of innovation and value-creation,
Strategic Management Journal, 35: 668–690. - R. Barusch, 2015, Dealpolitik: Three ways
to look at the three-way pharma scrum,
Wall Street Journal Online, http://www.wsj.com,
April 23.
- K. Huschelrath & K. Muller, 2015, Market
power, efficiencies, and entry evidence
from an airline merger, Managerial and
Decision Economics, 36: 239–255; J. Garcia-
Quevedo, G. Pellegrino, & M. Vivarelli, 2014,
R&D drivers and age: Are young firms
different? Research Policy, 43: 1544–1556. - V. Bilotkach & P. A. Lakew, 2014, On sources
of market power in the airline industry:
Panel data evidence from the US airports,
Transportation Research Part A: Policy and
Practice, 59: 288–305; M. A. Hitt, D. King,
H. Krishnan, M. Makri, M. Schijven,
K. Shimizu, & H. Zhu, 2012, Creating
value through mergers and acquisitions:
Challenges and opportunities, in D. Faulkner,
S. Teerikangas, & R. Joseph (eds.), Oxford
Handbook of Mergers and Acquisitions,
Oxford, U.K.: Oxford University Press, 71–113;
J. Haleblian, C. E. Devers, G. McNamara,
M. A. Carpenter, & R. B. Davison, 2009, Taking
stock of what we know about mergers and
acquisitions: A review and research agenda,
Journal of Management, 35: 469–502. - P. Mourdoukoutas, 2014, Amazon’s big
problem, Forbes, http://www.forbes.com, May 7. - H. Furchtgott-Roth, 2015, Comcast and
Time Warner Cable: Autopsy of a failed
merger, Forbes, http://www.forbes.com, April 24. - D. Burghardt & M. Helm, 2015, Firm growth
in the course of mergers and acquisitions,
Small Business Economicx, 44: 889–904;
‘D. K. Oler, J. S. Harrison, & M. R. Allen,
2008, The danger of misinterpreting short-
window event study findings in strategic
management research: An empirical
illustration using horizontal acquisitions,
Strategic Organization, 6: 151–184. - J. D. Rockoff & J. Walker, 2015, Meet
pharma’s newest movers and shakers,
Wall Street Journal Online, http://www.wsj.com,
April 22. - W. Moatti, C. R. Ren, J. Anand, &
P. Dussauge, 2015, Disentangling the
performance effects of efficiency and
bargaining power in horizontal growth
strategies: An empirical investigation
in the global retail industry, Strategic
Management Journal, 36: 745–757;
C. E. Fee & S. Thomas, 2004, Sources of
gains in horizontal mergers: Evidence from
customer, supplier, and rival firms, Journal
of Financial Economics, 74: 423–460. - T. H. Reus, B. T. Lamont, & K. M. Ellis, 2015,
A darker side of knowledge transfer
following international acquisitions,
Strategic Management Journal, in press;
G. E. Halkos & N. G. Tzeremes, 2013,
Estimating the degree of operational
efficiency gains from a potential
bank merger and acquisition: A DEA
bootstrapped approach, Journal of