search query: @author Semadeni, M. / total: 3
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| Author: | Uhlenbruck, K. Hitt, M.A. Semadeni, M. |
| Title: | Market value effects of acquisitions involving internet firms: a resource-based analysis |
| Journal: | Strategic Management Journal
2006 : OCT, VOL. 27:10, p. 899-913 |
| Index terms: | Internet companies mergers service industries valuation markets |
| Language: | eng |
| Abstract: | This study focuses on acquisitions (hereafter as: acqs.) of Internet firms (as: I-fs.) and the potential for the transfer of scarce resources. It is hypothesized that acqs. made by offline firms of I-fs. and by I-fs. of other I-fs. lead to positive market valuation for the acquirer. The predictions are supported by results of an event study of 798 acquisitions of I-fs. It is also found that prior alliances with online firms do not reduce the gains from such acquisitions to offline firms. |
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