To integrate or not to Integrate? Complementarity, similarity and acquisition value creation - HEC Paris - École des hautes études commerciales de Paris Access content directly
Reports Year :

To integrate or not to Integrate? Complementarity, similarity and acquisition value creation

Akbar Zaheer
  • Function : Author
David Souder
  • Function : Author

Abstract

In this paper, the authors explain that relatedness is often associated with acquisition value creation without distinguishing between three underlying sources of synergy: business similarity, product complementarity and geographic complementarity. The authors argue that realizing value in acquisitions requires maching the type of relatedness with the appropriate degree of integration; specifically high integration for business similarity, medium integration for product complementarity and low integration for geographic complementarity. Empirical validation, broadly supporting their hypotheses comes from 88 M&As.
Not file

Dates and versions

hal-00587209 , version 1 (19-04-2011)

Identifiers

  • HAL Id : hal-00587209 , version 1

Cite

Akbar Zaheer, Xavier Castañer, David Souder. To integrate or not to Integrate? Complementarity, similarity and acquisition value creation. 2005. ⟨hal-00587209⟩

Collections

HEC CNRS LARA
268 View
0 Download

Share

Gmail Facebook Twitter LinkedIn More