search query: @indexterm Strategic management / total: 1889
reference: 172 / 1889
| Author: | Carow, K. Heron, R. Saxton, T. |
| Title: | Do early birds get the returns? An empirical investigation of early-mover advantages in acquisitions |
| Journal: | Strategic Management Journal
2004 : JUN, VOL. 25:6, p. 563-585 |
| Index terms: | Strategic management Competitive advantage Mergers Return on investment |
| Language: | eng |
| Abstract: | The authors explore whether pioneering advantages exist for early-mover acquirers in industry acquisition waves by examining both combined (target and acquirer) and acquirer stock returns. They find specifically that early-mover acquirers who realize superior stock returns are those that conduct acquisitions as financial theory suggests they should when they possess an informational advantage - with cash. |
SCIMA