Content Design of Acquisition Streams : Balancing Exploration and Exploitation

Item Type Conference or Workshop Item (Paper)
Abstract

While researchers have become increasingly interested in the performance consequences and external structural characteristics of acquisition streams, we know surprisingly little about the impact of their content design. In this study, we shed light on how strategic paradoxes, such as exploration and exploitation, may be manifested in the design of acquisition streams. Based on a sample of 21.264 acquisitions of 172 active U.S. acquirers during 21 years, we find that the integration and temporal separation of conflicting strategies within and across acquisition streams is beneficial for a firm's subsequent performance. Moreover, we find, unexpectedly, that a parallel separation of paradoxical objectives yields negative performance effects. We discuss contributions for theory on acquisition streams, strategic paradoxes, and organizational ambidexterity.

Authors Luger, Johannes; Zimmermann, Alexander & Laamanen, Tomi
Language English
Keywords Mergers and Acquisitions, Ambidexterity
Subjects business studies
HSG Classification contribution to scientific community
Refereed Yes
Date 9 October 2012
Publisher SMS Strategic Management Society
Place of Publication Chicago
Volume Session 80
Page Range 7
Title of Book Strategy in Transition
Event Title 32nd Strategic Management Society (SMS) Annual International Conference
Event Location Prague
Event Dates 06.-09.10.2012
Depositing User Prof. Dr. Alexander Zimmermann
Date Deposited 06 Nov 2012 17:38
Last Modified 26 Jan 2018 08:58
URI: https://www.alexandria.unisg.ch/publications/217758

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Citation

Luger, Johannes; Zimmermann, Alexander & Laamanen, Tomi: Content Design of Acquisition Streams : Balancing Exploration and Exploitation. 2012. - 32nd Strategic Management Society (SMS) Annual International Conference. - Prague.

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https://www.alexandria.unisg.ch/id/eprint/217758
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