This paper examines acquisitions of firms after they have undergone initial public offerings (IPOs). Combining insights from information economics with recent research on geographic distance in various market settings, the analysis investigates whether the presence or absence of different...

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

This paper extends information economics in corporate strategy and organizational governance research by using signaling theory to explain firms' market entry modes. We exploit features of the IPO context to investigate how signals on newly-public firms shape other companies' governance choices...

This paper raises the question of whether regional integration has increased the volume and improved the efficiency of the market for cross-border mergers and acquisitions. More precisely, using the European Union as the backdrop for our investigation, we examine whether the effects of...

Theory has often discussed the benefits of adopting a staged investment strategy in mergers and acquisitions when investments hold uncertain prospects. Specifically, firms should enter into a cooperative agreement, such as a strategic alliance, before they eventually decide to buy out a partner....

Information asymmetries between buyers and sellers can create inefficiencies in Mamp;A markets and prevent acquirers from gaining access to valuable resources and capabilities via acquisitions. Entrepreneurial firms face similar problems in raising external capital, due to the asymmetric...

We examine whether the unique attributes of new ventures lead these firms to experience different Mamp;A outcomes vis-a-vis established organizations. Drawing from a sample of acquisitions of high-technology firms, we present results showing that newly incorporated acquirers experience lower...

Prior research over several decades has catalogued many positive motives underlying firms' decisions to engage in joint ventures and other forms of alliances. In this empirical analysis, we investigate whether agency problems brought about by the separation of ownership and control also...

pt. I. Theoretical building blocks -- pt. II. Partner selection and alliance investment decisions -- pt. III. Contractual foundations of alliances -- pt. IV. Relational and behavioral aspects of alliances -- pt. V. Alliance networks and portfolios -- pt. VI. Novel collaborative relationships --...