Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

How Do Networks and Learning Drive M&As? An Institutional Comparison between China and the United States

Zhiang (John) Lin, Mike W. Peng, Haibin Yang and Sunny Li Sun
Strategic Management Journal
Vol. 30, No. 10 (Oct., 2009), pp. 1113-1132
Published by: Wiley
Stable URL: http://www.jstor.org/stable/27735477
Page Count: 20
  • Download ($42.00)
  • Subscribe ($19.50)
  • Cite this Item
How Do Networks and Learning Drive M&As;? An Institutional Comparison between China and the United States
Preview not available

Abstract

What drives mergers and acquisitions (M&As) in different institutional environments? This article builds on the resource dependence perspective and argues that networks, learning, and institutions represent three building blocks that can enhance our understanding of the drivers behind M&As. Specifically, we consider firms as learning actors embedded in network relations and influenced by institutional development, and compare and contrast firms' acquisition activities across the United States and China. Our findings show that there are indeed important learning and network factors that lead to M&As. More interestingly, the impact of such learning and network factors varies sharply across countries with different market-based institutions.

Page Thumbnails

  • Thumbnail: Page 
[1113]
    [1113]
  • Thumbnail: Page 
1114
    1114
  • Thumbnail: Page 
1115
    1115
  • Thumbnail: Page 
1116
    1116
  • Thumbnail: Page 
1117
    1117
  • Thumbnail: Page 
1118
    1118
  • Thumbnail: Page 
1119
    1119
  • Thumbnail: Page 
1120
    1120
  • Thumbnail: Page 
1121
    1121
  • Thumbnail: Page 
1122
    1122
  • Thumbnail: Page 
1123
    1123
  • Thumbnail: Page 
1124
    1124
  • Thumbnail: Page 
1125
    1125
  • Thumbnail: Page 
1126
    1126
  • Thumbnail: Page 
1127
    1127
  • Thumbnail: Page 
1128
    1128
  • Thumbnail: Page 
1129
    1129
  • Thumbnail: Page 
1130
    1130
  • Thumbnail: Page 
1131
    1131
  • Thumbnail: Page 
1132
    1132