PERFORMANCE OF ACQUISITIONS OF DISTRESSED FIRMS

被引：25

作者：

BRUTON, GD

OVIATT, BM

WHITE, MA

机构：

[1] GEORGIA STATE UNIV,COLL BUSINESS ADM,ATLANTA,GA 30303

[2] OKLAHOMA STATE UNIV,COLL BUSINESS ADM,STILLWATER,OK 74078

来源：

ACADEMY OF MANAGEMENT JOURNAL | 1994年 / 37卷 / 04期

关键词：

D O I：

10.2307/256607

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In 51 acquisitions of financially distressed firms, related business combinations in which the acquirers had prior acquisition experience performed best. However, business relatedness and acquisition experience had no effect on performance in a control group of 46 acquisitions of firms that were not distressed. The results imply that tacit knowledge about the acquisition process and about how to integrate and manage the assets of distressed firms may be keys to their successful acquistion.

引用

页码：972 / 989

页数：18

共 46 条

[1]

[Anonymous], 1991, MANAGING ACQUISITION

[2] FIRM RESOURCES AND SUSTAINED COMPETITIVE ADVANTAGE [J].