臺灣人文及社會科學引文索引資料庫系統

:::

詳目顯示

回上一頁
第 1 筆 / 總合 1 筆   第一頁 上一頁 下一頁 最後一頁
/1頁
題名：經驗學習、替代性學習對再併購機率的影響：以臺灣上市櫃製造業為例
書刊名：管理學報
作者：曾真真
作者(外文)：Tseng, Jen-jen
出版日期：2010
卷期：27:1
頁次：頁39-55
主題關鍵詞：再併購；經驗學習；替代性學習；Sequential M&A；Experiential learning；Vicarious learning
原始連結：連回原系統網址new window
相關次數：
  • 被引用次數被引用次數:期刊(6) 博士論文(1) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:5
  • 共同引用共同引用:40
  • 點閱點閱:50
組織學習理論主張組織經驗將影響其未來的決策。然而，僅透過自身經驗的學習，易讓組織受限於策略框架，出現僵固性且喪失彈性。相對的，模仿產業其他企業的經驗，管理人可透過觀察其他公司的行為而瞭解什麼類型的策略才能帶給公司最佳利益。因而當決策及其成果存在較高的不確定時，企業傾向向同業學習。易言之，透過模仿同業的併購決策可取得併購相關知識，使同業的併購活動成為企業替代性學習的來源。此外，過去成功或失敗的績效成果，對組織亦有不同的回饋，進而影響後續決策。基於此，近期研究已開始鑽研不同的經驗特性的學習效果，而本研究將循此一研究方向，期探討不同的經驗型態對後續併購決策的影響。本研究將焦點置於經驗學習、替代性學習對後續併購機率的關係。實證時，採 Cox 等比例危險模型建立不同學習模式對後續併購發生率的影響，研究結果發現過去企業自身併購的成功經驗、同業從事併購的比例與後續併購發生率呈倒 U型曲線關係；此外，過去併購績效對企業後續併購的機率呈負向影響。
Organizational learning theory asserts that organizational experiences will affect future decision-making. However, learning from own experience, firms tend to be constrained by strategic schemas, show rigidity of existing routines, and lose strategic flexibility. Comparatively, imitating other firms, managers can gather information by observing the behaviors of other firms. That can help them to understand what is in the best interest of their firms. Therefore, facing with uncertain strategic choices and outcomes, managers will imitate their peer organizations. In other words, a firm can gain relevant knowledge from other organizations by imitating their M&A decisions, which can be used as the sources of vicarious learning. In addition, performance outcomes such as success and failure provide different feedbacks that will affect sequential decision-making. Recently, researchers have begun to examine the learning impacts of various experiential features. Hence, this study will follow this stream and aim to explore the impacts of differential experiences on the sequential M&A decisions. This study attempts to provide more insights into the impact of experiential and vicarious learning on the likelihood of sequential M&A activities. The Cox proportional hazard model is adopted to test the impacts of different modes of learning on hazard rates of sequential M&A decision. The results show that both firm’s past success M&A experience and the frequency of M&A activities in a firm’s industry will have an inversed U-shaped relationship with the hazard rate of sequential M&As. In addition, it is found that there is a negative relationship between a firm’s previous M&A performances and the hazard rates of sequential M&As.
期刊論文
1.Raut, L. K.(1995)。R&D Spillover and Productivity Growth: Evidence from Indian Private Firm。Journal of Development Economics，48，1-23。  new window
2.Haleblian, Jerayr J.、Kim, Ji-Yub、Rajagopalan, Nandni(2006)。The Influence of Acquisition Experience and Performance on Acquisition Behavior: Evidence from the U.S. Commercial Banking Industry。Academy of Management Journal，49(2)，357-370。  new window
3.Terlaak, Ann、Gong, Yan(2008)。Vicarious learning and inferential accuracy in adoption processes。Academy of Management Review，33(4)，846-868。  new window
4.Kim, Ji-Yub、Miner, A. S.(2007)。Vicarious Learning from the Failure and Near-failure of Others: Evidence from the US Commercial Banking Industry。The Academy of Management Journal，50(3)，687-714。  new window
5.Michael, L.、Andrew, K.(2004)。Prospects for developing absorptive capacity through internal information provision。Strategic Management Journal，25(4)，331-345。  new window
6.Cartwright, S.、Schoenberg, R.(2006)。Thirty years of mergers and acquisitions research: recent advances and future opportunities。British Journal of Management，17，S1-S5。  new window
7.Rhee, M.、Kim, Y.-C.、Han, J.(2006)。Confidence in imitation: Niche-Width strategy in the UK automobile industry。Management Science，52(4)，501-513。  new window
8.Haunschild, Pamela R.、Miner, Anne S.(1997)。Modes of Interorganizational Imitation: The Effects of Outcome Salience and Uncertainty。Administrative Science Quarterly，42(3)，472-500。  new window
9.Kahneman, D.、Tversky, A.(1979)。Prospect theory: An analysis of decision under risk。Econometrica，47(2)，263-291。  new window
10.Argyris, Chris(1991)。Teaching Smart People How to Learn。Harvard Business Review，69(3)，99-109。  new window
11.Karim, Samina、Mitchell, Will(2000)。Path-dependence and Path-breaking Change: Reconfiguring Business Resources Following Acquisition in the US Medical Sector 1978-1995。Strategic Management Journal，21(10/11)，1017-1081。  new window
12.Capron, L.、Pistre, N.(2002)。When do Acquirers Earn Abnormal Returns?。Strategic Management Journal，23(9)，781-794。  new window
13.Greve, H. R.(2000)。Market Niche Entry Decisions: Competition, Learning, and Strategy in Tokyo Banking, 1894-193。Academy of Management Journal，43(5)，816-813。  new window
14.Kale, Prashant V.、Dyer, Jeffrey H.、Singh, Harbir(2002)。Alliance capability, stock market response, and long‐term alliance success: the role of the alliance function。Strategic Management Journal，23(8)，747-767。  new window
15.Seth, A.、Song, K. P.、Pettit, R. R.(2002)。Value Creation and Destruction in Cross-Border Acquisitions: An Empirical Analysis of Foreign Acquisitions of U.S. Firms。Strategic Management Journal，23(10)，921-940。  new window
16.Walker, G.、Madsen, T. L.、Carini, G.(2002)。How Does Institutional Change Affect Heterogeneity Among Firms?。Strategic Management Journal，23(2)，89-104。  new window
17.Cox, David R.(1972)。Regression Models and Life-Tables。Journal of the Royal Statistical Society, Series B (Methodological)，34(2)，187-220。  new window
18.Spence, A. M.(1984)。Cost Reduction, Competition, and Industry Performance。Econometrica，52(1)，101-122。  new window
19.Nadkarni, Sucheta、Narayanan, V. K.(2007)。Strategic Schemas, Strategic Flexibility, and Firm Performance: The Moderating Role of Industry Clockspeed。Strategic Management Journal，28(3)，243-270。  new window
20.Shimizu, K.、Hitt, M. A.(2004)。Strategic Flexibility: Organizational Preparedness to Reverse Ineffective Strategic Decisions。Academy of Management Executive，18(4)，44-59。  new window
21.Hayward, M. L. A.(2002)。When do Firms Learn from their Acquisition Experience? Evidence from 1990-1995。Strategic Management Journal，23(1)，21-39。  new window
22.Lu, J. W.(2002)。Intra- and Inter-organizational Imitative Behavior: Institutional Influences on Japanese Firms' Entry Mode Choice。Journal of International Business Studies，33(1)，19-37。  new window
23.Haleblian, J.、Finkelstein, S.(1999)。The influence of organizational acquisition experience on acquisition performance: A behavioral learning perspective。Administrative Science Quarterly，44(1)，29-56。  new window
24.Hayward, M. L. A.、Shimizu, K.(2006)。De-commitment to Losing Strategic Action: Evidence from the Divestiture of Poorly Performing Acquisitions。Strategic Management Journal，27(6)，541-557。  new window
25.DiMaggio, Paul J.、Powell, Walter W.(1983)。The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields。American Sociological Review，48(2)，147-160。  new window
26.Garvin, David A.(1993)。Building a learning organization。Harvard Business Review，71(4)，78-91。  new window
27.Huber, George P.(1991)。Organizational Learning: The Contributing Processes and the Literatures。Organization Science，2(1)，88-115。  new window
28.Tushman, M. L.、Nadler, D. A.(1978)。Information processing as an integrating concept in organizational design。Academy of Management Review，3(3)，613-624。  new window
29.Hannan, Michael T.、Freeman, John H.(1984)。Structural Inertia and Organizational Change。American Sociological Review，49(2)，149-164。  new window
30.Dierickx, I.、Cool, K.(1989)。Assets Stock Accumulation and Sustainability of Competitive Advantage。Management Science，35(12)，1501-1511。  new window
31.Jensen, Michael C.(1986)。Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers。The American Economic Review，76(2)，323-329。  new window
32.Greve, H. R.(1998)。Performance Aspirations, and Risky Organizational Change。Administrative Science Quarterly，43(1)，58-86。  new window
33.Greve, Henrich R.(20031201)。A Behavioral Theory of R&D Expenditures and Innovations: Evidence from Shipbuilding。Academy of Management Journal，46(6)，685-702。  new window
34.King, D. R.、Dalton, D. R.、Daily, C. M.、Covin, J. G.(2004)。Meta-Analyses of Post-Acquisition Performance: Indications of Unidentified Moderators。Strategic Management Journal，25(2)，187-200。  new window
35.Lieberman, Marvin B.、Montgomery, David B.(1988)。First-Mover Advantages。Strategic Management Journal，9(S1)，41-58。  new window
36.Shimizu, K. and M. A. Hitt,(2005)。What Constrains or Facilitates Divestitures of Formerly Acquired Firms? The Effects of Organizational Inertia。Journal of Management，31(1)，50-72。  new window
37.Westphal, J. D., M. D. L. Seidel and K. J. Stewart,(2001)。Second-Order Imitation: Uncovering Latent Effects of Board Network Ties。Administrative Science Quarterly，46(4)，717-747。  new window
38.Yang, M. and M. Hyland,(2006)。Who Do Firms Imitate? A Multi-Level Approach to Examining Sources of Imitation in the Choice of Mergers and Acquisitions。Journal of Management，32(3)，381-399。  new window
39.Zollo, M. and H. Singh,(2004)。Deliberate Learning in 2010 Corporate Acquisitions: Post-Acquisition Strategies and Integration Capability in U.S. Bank Mergers。Strategic Management Journal，25(13)，1233-1256。  new window
40.Auster, E. and M. Sirower,(2002)。The Dynamics of Merger and Acquisition Waves: A Three-Stage Conceptual Framework。Journal of Applied Behavioral Science，38(2)，216-244。  new window
41.Chuang, Y. T. and J. A. C. Baum,(2003)。It’s All in the Name: Failure-Induced Learning by Multiunit Chains。Administrative Science Quarterly，48(1)，33-59。  new window
42.Clapham, S. E. and C. R. Schwenk,(1991)。Self-Serving Attributions, Managerial Cognition, and Company Performance。Strategic Management Journal，12(3)，219-229。  new window
43.Henderson, J. and K. Cool,(2003)。Learning to Time Capacity Expansions: An Empirical Analysis of the Worldwide Petrochemical Industry, 1975-1995。Strategic Management Journal，24(5)，393-413。  new window
44.Henisz, W. J. and A. Delios,(2001)。Uncertainty, Imitation, and Plant Location: Japanese Multinational Corporations, 1990-1996。Administrative Science Quarterly，46(3)，1990-1996。  new window
45.Kock, C. J.,(2005)。When the Market Misleads: Stock Prices, Firm Behavior, and Industry Evolution。Organization Science，16(6)，637-660。  new window
46.Laamanen, Tomi、Keil, Thomas(2008)。Performance of Serial Acquirers: Toward an Acquisition Program Perspective。Strategic Management Journal，29(6)，663-672。  new window
研究報告
1.Singh, H. and M. Zollo,(1998)。The Impact of Knowledge Codification, Experience Trajectories and Integration Strategies on the Performance of Corporate Acquisitions,。  new window
2.Brown, G.,(2002)。Why Change a Good Thing? The Liability of Inertia。  new window
學位論文
1.Hunt, M. S.(1972)。Competition in the Major Home Appliance Industry 1960-1970(博士論文)。Harvard University。  new window
圖書
1.謝劍平(2001)。財務管理--新觀念與本土化。台北：智勝文化事業有限公司。new window  延伸查詢new window
2.Hannan, Michael T.、Carroll, Glenn R.(1992)。Dynamics of Organizational Populations: Density, Competition, and Legitimation。Oxford University press。  new window
3.Weick, Karl E.(1979)。The Social Psychology of Organizing。McGraw-Hill。  new window
4.Bandura, Albert(1977)。Social Learning Theory。Prentice-Hall, Inc.。  new window
5.Bruner, R. F.(2004)。Applied Mergers and Acquisitions。Hoboken, NJ：John Wiley & Sons。  new window
6.Galbraith, J. R.,(1977)。Organizational Design, Reading。MA。  new window
 
 
 
 
第一頁 上一頁 下一頁 最後一頁 top
:::
無相關著作
 
QR Code
QRCODE

臺灣人文及社會科學引文索引資料庫

目前上線人數：1432（臺灣：1420，外國：12） ／ 本年度總使用人次：1855660 ／ 訪客人次（自102年09月）：67650459
國家圖書館著作權聲明 Copyright © 2013 All rights reserved.
本館地址: 100201臺北市中山南路20號． 本館地圖及交通資訊．
總機：(02)23619132．最佳瀏覽解析度為1024x768以上