title: Negative or positive: Which experience matters for international M&A initiation stage?
metadata.name: dc.contributor.author
metadata.value: Ermolaeva, L.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2017-06-05T11:20:03Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2017-06-05T11:20:03Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2016
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/6443
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: This study aims to uncover the initiation stage of international M&A and indicate what type of experience affect the successful completion of this stage. Besides different types of experience are analyzed in different formal and informal institutional settings in order to reveal how institutional environment can moderate firm's absorptive capacity implementation on M&A initiation stage.
  In the study sample of 509 international M&A deals initiated by Russian MNEs in the period of 2000-2012 is empirically tested by mean of logistic regression analysis. The empirical analysis indicates that prior experience in certain market always increases the probability of M&A deal announcement irrespectively the degree of proximity with formal and informal institutions of the host country. However firm's negative experience impedes further internationalization especially if institutional environment is dissimilar. Positive M&A experience may as increase probability of M&A deal announcement as decrease it depending on familiarity with institutional environment.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: en
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: Graduate School of Manage-ment, St. Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Working Papers;#8(E)-2016
metadata.lang: -
metadata.name: dc.subject
metadata.value: Russian MNEs
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: absorptive capacity
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: M&A initiation stage
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: prior experience
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: institutional environment
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Negative or positive: Which experience matters for international M&A initiation stage?
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Working Paper
metadata.lang: en_GB
resources.filename: 8_WP 2016 Ermolaeva.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/6443/1/8_WP%202016%20Ermolaeva.pdf
resources.format: Adobe PDF
resources.size: 620,69 kB