Overbidding in cross-border acquisitions: Misperceptions in assessing and valuing knowledge
Journal of World Business(2013)
摘要
Many firms competing across borders use acquisitions to gain the knowledge and capabilities that reside in target firms. Assessing and valuing knowledge in the international context is complex and frequently error-prone. The international acquisition literature has not adequately addressed the difficulties of valuing knowledge, the costs associated with acquiring knowledge, the factors behind escalating bids to acquire knowledge, and the impact of knowledge acquisitions on returns. We conceptually explore several key dimensions that influence the assessment and valuation of knowledge and develop propositions positing the effects of predictor variables and moderators on knowledge assessment and valuation in cross-border acquisitions.
更多查看译文
关键词
Cross-border mergers and acquisitions (M&As),Knowledge acquisition and sharing
AI 理解论文
溯源树
样例
生成溯源树,研究论文发展脉络