When waiting is strategic: Evidence from Colombian M&As 1995–2008
This study looks into the behavior of privately held firms in Colombia that participate in waves of mergers and acquisitions between 1995 and 2008. The study finds evidence in which experienced firms that perform mergers and acquisitions late in waves show stronger performance as measured by their r...
- Autores:
-
Rodríguez Jenny Esperanza
Sánchez, Iván Dario
Andonova, Veneta
- Tipo de recurso:
- Article of investigation
- Fecha de publicación:
- 2013
- Institución:
- Universidad ICESI
- Repositorio:
- Repositorio ICESI
- Idioma:
- spa
- OAI Identifier:
- oai:repository.icesi.edu.co:10906/79782
- Acceso en línea:
- http://www.sciencedirect.com/science/article/pii/S0148296313000088
http://hdl.handle.net/10906/79782
https://doi.org/10.1016/j.jbusres.2013.01.006
- Palabra clave:
- Economía
Negocios y management
Economics
Business
Internet
Comportamiento del consumidor
Empresas
- Rights
- openAccess
- License
- https://creativecommons.org/licenses/by-nc-nd/4.0/
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Rodríguez Jenny EsperanzaSánchez, Iván DarioAndonova, Venetaid.sanchez41@uniandes.edu.coye.rodriguez395@uniandes.edu.coAmsterdam de Lat: 37 25 00 N degrees minutes Lat: 37.4167 decimal degrees Long: 120 32 00 W degrees minutes Long: -120.5333 decimal degrees2016-08-16T13:06:43Z2016-08-16T13:06:43Z2013-01-0110.1016/j.jbusres.2013.01.0060148-2963http://www.sciencedirect.com/science/article/pii/S0148296313000088http://hdl.handle.net/10906/79782https://doi.org/10.1016/j.jbusres.2013.01.006instname: Universidad Icesireponame: Biblioteca Digitalrepourl: https://repository.icesi.edu.co/This study looks into the behavior of privately held firms in Colombia that participate in waves of mergers and acquisitions between 1995 and 2008. The study finds evidence in which experienced firms that perform mergers and acquisitions late in waves show stronger performance as measured by their return on assets. The firms that fall prey to the bandwagon effect and perform M&As at the peak of a wave show the weakest performance in munificent industries. The study discusses the rationality behind strategic waiting in environments with lax contract enforcement and limited information about acquisition targets.6 páginasDigitalapplication/pdfspaElsevierFacultad de Ciencias Administrativas y EconómicasContaduría Pública y Finanzas InternacionalesDepartamento Contable y FinancieroAmsterdamJournal of Business Research, Vol. 66, No.10 - 2013EL AUTOR, expresa que la obra objeto de la presente autorización es original y la elaboró sin quebrantar ni suplantar los derechos de autor de terceros, y de tal forma, la obra es de su exclusiva autoría y tiene la titularidad sobre éste. PARÁGRAFO: en caso de queja o acción por parte de un tercero referente a los derechos de autor sobre el artículo, folleto o libro en cuestión, EL AUTOR, asumirá la responsabilidad total, y saldrá en defensa de los derechos aquí autorizados; para todos los efectos, la Universidad Icesi actúa como un tercero de buena fe. Esta autorización, permite a la Universidad Icesi, de forma indefinida, para que en los términos establecidos en la Ley 23 de 1982, la Ley 44 de 1993, leyes y jurisprudencia vigente al respecto, haga publicación de este con fines educativos. Toda persona que consulte ya sea la biblioteca o en medio electrónico podrá copiar apartes del texto citando siempre la fuentes, es decir el título del trabajo y el autor.https://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessAtribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0)http://purl.org/coar/access_right/c_abf2EconomíaNegocios y managementEconomicsBusinessInternetComportamiento del consumidorEmpresasWhen waiting is strategic: Evidence from Colombian M&As 1995–2008info:eu-repo/semantics/articlehttp://purl.org/coar/resource_type/c_2df8fbb1Artículoinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a85Comunidad Universidad Icesi – Investigadores661017361742ORIGINALdocumento.htmldocumento.htmltext/html323http://repository.icesi.edu.co/biblioteca_digital/bitstream/10906/79782/1/documento.html495c4b3e2e8ea95c649e773c8b7f645dMD5110906/79782oai:repository.icesi.edu.co:10906/797822018-10-05 12:09:20.278Biblioteca Digital - Universidad icesicdcriollo@icesi.edu.co |
| dc.title.spa.fl_str_mv |
When waiting is strategic: Evidence from Colombian M&As 1995–2008 |
| title |
When waiting is strategic: Evidence from Colombian M&As 1995–2008 |
| spellingShingle |
When waiting is strategic: Evidence from Colombian M&As 1995–2008 Economía Negocios y management Economics Business Internet Comportamiento del consumidor Empresas |
| title_short |
When waiting is strategic: Evidence from Colombian M&As 1995–2008 |
| title_full |
When waiting is strategic: Evidence from Colombian M&As 1995–2008 |
| title_fullStr |
When waiting is strategic: Evidence from Colombian M&As 1995–2008 |
| title_full_unstemmed |
When waiting is strategic: Evidence from Colombian M&As 1995–2008 |
| title_sort |
When waiting is strategic: Evidence from Colombian M&As 1995–2008 |
| dc.creator.fl_str_mv |
Rodríguez Jenny Esperanza Sánchez, Iván Dario Andonova, Veneta |
| dc.contributor.author.spa.fl_str_mv |
Rodríguez Jenny Esperanza Sánchez, Iván Dario Andonova, Veneta |
| dc.subject.none.fl_str_mv |
Economía Negocios y management Economics Business Internet Comportamiento del consumidor Empresas |
| topic |
Economía Negocios y management Economics Business Internet Comportamiento del consumidor Empresas |
| description |
This study looks into the behavior of privately held firms in Colombia that participate in waves of mergers and acquisitions between 1995 and 2008. The study finds evidence in which experienced firms that perform mergers and acquisitions late in waves show stronger performance as measured by their return on assets. The firms that fall prey to the bandwagon effect and perform M&As at the peak of a wave show the weakest performance in munificent industries. The study discusses the rationality behind strategic waiting in environments with lax contract enforcement and limited information about acquisition targets. |
| publishDate |
2013 |
| dc.date.issued.none.fl_str_mv |
2013-01-01 |
| dc.date.accessioned.none.fl_str_mv |
2016-08-16T13:06:43Z |
| dc.date.available.none.fl_str_mv |
2016-08-16T13:06:43Z |
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info:eu-repo/semantics/article |
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http://purl.org/coar/resource_type/c_2df8fbb1 |
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Artículo |
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info:eu-repo/semantics/publishedVersion |
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http://purl.org/coar/version/c_970fb48d4fbd8a85 |
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http://purl.org/coar/resource_type/c_2df8fbb1 |
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publishedVersion |
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10.1016/j.jbusres.2013.01.006 |
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0148-2963 |
| dc.identifier.other.spa.fl_str_mv |
http://www.sciencedirect.com/science/article/pii/S0148296313000088 |
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http://hdl.handle.net/10906/79782 |
| dc.identifier.doi.none.fl_str_mv |
https://doi.org/10.1016/j.jbusres.2013.01.006 |
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instname: Universidad Icesi |
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reponame: Biblioteca Digital |
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repourl: https://repository.icesi.edu.co/ |
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10.1016/j.jbusres.2013.01.006 0148-2963 instname: Universidad Icesi reponame: Biblioteca Digital repourl: https://repository.icesi.edu.co/ |
| url |
http://www.sciencedirect.com/science/article/pii/S0148296313000088 http://hdl.handle.net/10906/79782 https://doi.org/10.1016/j.jbusres.2013.01.006 |
| dc.language.iso.none.fl_str_mv |
spa |
| language |
spa |
| dc.relation.ispartof.none.fl_str_mv |
Journal of Business Research, Vol. 66, No.10 - 2013 |
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https://creativecommons.org/licenses/by-nc-nd/4.0/ |
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info:eu-repo/semantics/openAccess |
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Atribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0) |
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http://purl.org/coar/access_right/c_abf2 |
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https://creativecommons.org/licenses/by-nc-nd/4.0/ Atribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0) http://purl.org/coar/access_right/c_abf2 |
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openAccess |
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6 páginas |
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Digital |
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application/pdf |
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Amsterdam de Lat: 37 25 00 N degrees minutes Lat: 37.4167 decimal degrees Long: 120 32 00 W degrees minutes Long: -120.5333 decimal degrees |
| dc.publisher.spa.fl_str_mv |
Elsevier |
| dc.publisher.faculty.none.fl_str_mv |
Facultad de Ciencias Administrativas y Económicas |
| dc.publisher.program.none.fl_str_mv |
Contaduría Pública y Finanzas Internacionales |
| dc.publisher.department.none.fl_str_mv |
Departamento Contable y Financiero |
| dc.publisher.place.none.fl_str_mv |
Amsterdam |
| institution |
Universidad ICESI |
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