Michael_A._Hitt,_R._Duane_Ireland,_Robert_E._Hosk

(Kiana) #1

232 Part 2: Strategic Actions: Strategy Formulation



  1. 2015, CenturyLink acquires Orchestrate
    to enhance cloud platform with new
    database capabilities, CenturyLink Home
    Page, http://www.centurylink.com, April 20.

  2. M. G. Colombo & L. Rabbiosi, 2014,
    Technological similarity, post-acquisition
    R&D reorganization, and innovation
    performance in horizontal acquisitions,
    Research Policy, 2014, 43: 1039–1054;
    M. E. Graebner, K. M. Eisenhardt, &
    P. T. Roundy, 2010, Success and failure in
    technology acquisitions: Lessons for buyers
    and sellers, Academy of Management
    Perspectives, 24, 73–92; J. A. Schmidt, 2002,
    Business perspective on mergers and
    acquisitions, in J. A. Schmidt (ed.), Making
    Mergers Work, Alexandria, VA: Society for
    Human Resource Management, 23–46.

  3. A. Trichterborn, D. Z. Knyphausen-
    Aufseb, & L. Schweizer, 2015, How to
    improve acquisition performance:
    The role of a dedicated M&A function,
    M&A learning process, and M&A capability,
    Strategic Management Journal, in press;
    A. Zaheer, X. Castañer, & D. Souder, 2013,
    Synergy sources, target autonomy, and
    integration in acquisitions, Journal of
    Management, 39: 604–632; K. M. Ellis,
    T. H. Reus, & B. T. Lamont, 2009, The effects
    of procedural and informational justice
    in the integration of related acquisitions,
    Strategic Management Journal, 30: 137–161.

  4. R. Shen, Y. Tang, & G. Chen, 2014, When the
    role fits: How firm status differentials affect
    corporate takeovers, Strategic Management
    Journal, 35: 2012–2030; T. H. Reus, 2012,
    Culture’s consequences for emotional
    attending during cross-border acquisition
    implementation, Journal of World Business,
    47: 342–351.

  5. H. Zhu, J. Xia, & S. Makino, 2015, How do
    high-technology firms create value in
    international M&A? Integration, autonomy
    and cross-border contingencies, Journal
    of World Business, in press; J. Q. Barden,
    2012, The influences of being acquired on
    subsidiary innovation adoption, Strategic
    Management Journal, 33: 1269–1285;
    H. G. Barkema & M. Schijven, 2008, Toward
    unlocking the full potential of acquisitions:
    The role of organizational restructuring,
    Academy of Management Journal,
    51: 696–722.

  6. T. Hua, 2015, Nokia can’t cut its way to
    success with Alcatel, Wall Street Journal
    Online, wsj.com, April 14.

  7. T. Hua, 2015, Nokia’s ambitions could crack
    under integration pressure, Wall Street
    Journal Online, http://www.wsj.com, April 15.

  8. S. F. Rockart & N. Dutt, 2015, The rate
    and potential of capability development
    trajectories, Strategic Management Journal,
    36: 53–75; A. Sleptsov, J. Anand, &
    G. Vasudeva, 2013, Relationship configurations
    with information intermediaries: The
    effect of firm-investment bank ties on
    expected acquisition performance, Strategic
    Management Journal, 34: 957–977.
    54. J. B. Edwards, 2014, The urge to merge,
    Journal of Corporate Accounting & Finance,
    25: 51–55; R. Duchin & B. Schmidt, 2013,
    Riding the merger wave: Uncertainty,
    reduced monitoring, and bad acquisitions,
    Journal of Financial Economics, 107: 69–88;
    J. DiPietro, 2010, Responsible acquisitions
    yield growth, Financial Executive, 26: 16–19.
    55. 2015, Capgemini to acquire iGate for $4
    billion, livemint, http://www.livemint.com,
    April 28.
    56. J. Wieczner, 2015, Fat pharma: Pfizer-Hospira
    and the top 10 overpriced drug deals ever,
    Fortune, http://www.fortune.com, February 6.
    57. B. Becker & V. Ivashiina, 2015, Reaching
    for yield in the bond market, Journal of
    Finance, in press; G. Yago, 1991, Junk Bonds:
    How High Yield Securities Restructured
    Corporate America, NY: Oxford University
    Press, 146–148.
    58. D. H. Kim & D. Stock, 2014, The effect of
    interest rate volatility and equity volatility
    on corporate bond yield spreads: A
    comparison of noncallables and callables,
    Journal of Corporate Finance, 26: 20–35.
    59. M. C. Jensen, 1986, Agency costs of free
    cash flow, corporate finance, and takeovers,
    American Economic Review, 76: 323–329.
    60. I. M. Pandey & V. Ongpipattanakul,
    2015, Agency behavior and corporate
    restructuring choices during performance
    decline in an emerging economy,
    International Journal of Managerial Finance,
    11: 244–267; S. Guo, E. S. Hotchkiss, &
    W. Song, 2011, Do buyouts (still) create
    value? Journal of Finance, 66: 479–517.
    61. K. Craninckx & N. Huyghebaert, 2015, Large
    shareholders and value creation through
    corporate acquisitions in Europe: The
    identity of the controlling shareholder
    matters, European Management Journal,
    33: 116–131; M. Rahman & M. Lambkin,
    2015, Creating or destroying value
    through mergers and acquisitions:
    A marketing perspective, Industrial
    Marketing Management, 46: 24–35;
    S. W. Bauguess, S. B. Moeller,
    F. P. Schlingemann, & C. J. Zutter, 2009,
    Ownership structure and target returns,
    Journal of Corporate Finance, 15: 48–65;
    H. Donker & S. Zahir, 2008, Takeovers,
    corporate control, and return to target
    shareholders, International Journal of
    Corporate Governance, 1: 106–134.
    62. J. Jaffe, J. Jindra, D. Pedersen, &
    T. Voetmann, 2015, Returns to acquirers of
    public and subsidiary targets, Journal of
    Corporate Finance, 31: 246–270; C. Tantalo &
    R. L. Priem, 2015, Value creation through
    stakeholder synergy, Strategic Management
    Journal, in press; Y. M. Zhou, 2011, Synergy,
    coordination costs, and diversification
    choices, Strategic Management Journal,
    32: 624–639.
    63. G. Speckbacher, K. Neumann, &
    W. H. Hoffmann, 2015, Resource relatedness
    and the mode of entry into new businesses:
    Internal resource accumulation vs. access


by collaborative arrangement, Strategic
Management Journal, in press;
J. B. Barney, 1988, Returns to bidding firms
in mergers and acquisitions: Reconsidering
the relatedness hypothesis, Strategic
Management Journal, 9 (Special Issue):
71–78.


  1. Trefis team, 2014, What has AirTran done
    for Southwest Airlines? Forbes, http://www.forbes.
    com, December 11.

  2. A. Chakrabarti, 2015, Organizational
    adaptation in an economic shock:
    The role of growth reconfiguration,
    Strategic Management Journal, in press;
    O. E. Williamson, 1999, Strategy research:
    Governance and competence
    perspectives, Strategic Management
    Journal, 20: 1087–1108.

  3. R. Stunda, 2014, The market impact of
    mergers and acquisitions on firms in the
    U.S., Journal of Accounting and Taxation,
    6: 30–37; S. Snow, 2013, How to avoid a
    post-acquisition idea slump, Fast Company,
    February, 50; M. Cleary, K. Hartnett, &
    K. Dubuque, 2011, Road map to efficient
    merger integration, American Banker,
    March 22, 9; S. Chatterjee, 2007, Why is
    synergy so difficult in mergers of related
    businesses? Strategy & Leadership, 35: 46–52.

  4. P. Page, 2015, Canada acquisition weighs on
    Radiant’s earnings in recent quarter, Wall
    Street Journal Online, http://www.wsj.com, May 18.

  5. 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; W. P. Wan, R. E. Hoskisson,
    J. C. Short, & D. W. Yiu, 2011, Resource-based
    theory and corporate diversification:
    Accomplishments and opportunities,
    Journal of Management, 37: 1335–1368;
    E. Rawley, 2010, Diversification,
    coordination costs and organizational
    rigidity: Evidence from microdata, Strategic
    Management Journal, 31: 873–891.

  6. S. Schonhaar, U. Pidun, & M. Nippa, 2014,
    Transforming the business portfolio: How
    multinational reinvent themselves, Journal
    of Business Strategy, 35: 4–17; S. Pathak,
    R. E. Hoskisson, & R. A. Johnson, 2014,
    Settling up in CEO compensation: The
    impact of divestiture intensity and
    contextual factors in refocusing firms,
    Strategic Management Journal, 35:
    1124–1143; M. L. A. Hayward & K. Shimizu,
    2006, De-commitment to losing strategic
    action: Evidence from the divestiture of
    poorly performing acquisitions, Strategic
    Management Journal, 27: 541–557.

  7. J. B. Edwards, 2015, M&A deal-makers are
    dealing in 2014: A commentary, Journal
    of Corporate Accounting & Finance, 26:
    19–24; J. Hagedoorn & N. Wang, 2012, Is
    there complementarity or substitutability
    between internal and external R&D
    strategies? Research Policy, 41: 1072–1083;
    P. David, J. P. O’Brien, T. Yoshikawa, &
    A. Delios, 2010, Do shareholders or

Free download pdf