Recent research has documented new ventures’ activity in acquisitions, and we build upon this work and the mergers and acquisition (M&A) literature in order to compare the acquisition performance of new ventures and established firms. The central rationale for our work is that new ventures...

Recent research has documented new ventures’ activity in acquisitions, and we build upon this work and the M&A literature, in order to compare the acquisition performance of new ventures and established firms. The central rationale for our work is that new ventures hold distinct resources and...

This paper investigates strategic alliances and initial public offerings (IPOs) as factors that potentially mitigate the risk of adverse selection in acquisitions. It is hypothesized that prior alliances between acquirers and targets as well as IPOs undertaken by targets reduce adverse selection...

Small firms are thought to encounter various difficulties implementing strategic alliances. Due to these problems, they may be less able to reap the benefits of alliance adaptation, and the changes that do occur in alliances may not coincide with a small firm's interests. The evidence we present...