Erschienen in:Emory Law and Economics Research Paper ; No. 10-67
Umfang:
1 Online-Ressource (40 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.1626330
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 16, 2011 erstellt
Beschreibung:
Research consistently identifies knowledge and culture as critical antecedents to success in focused technology acquisitions. Because such studies are typically observational, these constructs have been considered independently and within limited parametric values. Incorporating an agent-based simulation expanding on the March (1991) exploration-exploitation model, we show that there are marginally decreasing returns on knowledge appropriation, but non-decreasing linear returns on cultural appropriation. Our findings also show that combinations of appropriation strategies yield equivalent performance benefits. Gains are improved by insulating retained employees from any exploitive cultural influences. We confirm prior evidence of the “dual-edged” sword effects of cultural appropriation of acquiring underperforming firms