The Effect of Cross-border Acquisition Experience on Subsequent Cross-border Acquisitions: A Test of the S-shape Hypothesis

Revti Raman Sharma, Sharmistha Chowdhury and Yang Yu

Journal of International Management, 2024, vol. 30, issue 3

Abstract: The literature generally supports the linear effect of cross-border acquisition (CBA) experience on subsequent CBA behaviour. We draw from the extended organisational learning perspective to propose an S-shaped relationship between CBA experience and subsequent CBAs. We hypothesise that the number of CBAs decreases at a low level of CBA experience, increases at a moderate level of CBA experience, and decreases again at a high level of CBA experience. Based on a sample of 1675 observations from 205 Indian MNEs, we find support for our hypothesis. Our findings contribute to the CBA literature, specifically in the context of emerging economy multinational enterprises.

Keywords: Acquisition experience; Cross border acquisitions; Internationalization; Organizational learning; S-shape hypothesis; EMNEs (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S107542532400019X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:intman:v:30:y:2024:i:3:s107542532400019x

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/601266/bibliographic
http://www.elsevier. ... 601266/bibliographic

DOI: 10.1016/j.intman.2024.101138

Access Statistics for this article

Journal of International Management is currently edited by M. Kotabe

More articles in Journal of International Management from Elsevier
Bibliographic data for series maintained by Catherine Liu ().