Although it is well established that acquisition-based dynamic capabilities have important consequences for merger and … acquisition (M&A) processes, direct evidence on how real option applications can measure a dynamic capability-based synergy in … some of these benefits and limits to value a synergy in one recent highly strategic acquisition. To strengthen the …

high takeover threat. This study examines the effects of hostile takeover threats on managerial efforts to innovate. Our … results show that more active hostile takeover markets stifle managerial efforts in corporate innovation. The findings suggest … that managers tend to be more myopic when firms are exposed to hostile takeover threats. Managers will put less effort into …