Ontology highlight
ABSTRACT:
SUBMITTER: Aalbers RHL
PROVIDER: S-EPMC8654236 | biostudies-literature | 2021
REPOSITORIES: biostudies-literature
Aalbers Rick H L RHL McCarthy Killian K Huisman Menno M Roettger Jonas J
PloS one 20211208 12
We investigate the market's reactions to serial acquirers that switch strategy. We collect data on 204 serial acquirers in four high tech industries, and use March's explore-exploit framework, to classify these firms' 1,415 acquisitions. We then distinguish, for example, exploration-based acquisitions, conducted after a series of exploitation-based acquisitions. Our results suggest that the market takes a portfolio perspective when reacting to an acquisition. In support of the ambidexterity lite ...[more]