The Acquisition Risk

Davidson, Kenneth

doi:10.1108/eb039230

Cited by 5 publications

(3 citation statements)

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“…It is also evident, that most companies at one point or another get a new owner. Research on acquisitions usually focuses on large companies (At and Morand, 2003;Davidson, 1988;Hussinger, 2010). When innovative capability or innovativeness is considered in the acquisition literature, it is usually done from the perspective of a large firm acquiring a small, innovative unit (Ahuja & Katila, 2001;Christensen, 2006;de Man & Duyster, 2005).…”

Section: Why Innovativeness Successions and Smesmentioning

confidence: 99%

VIEW AND MANAGEMENT OF INNOVATIVENESS UPON SUCCESSION IN FAMILY-OWNED SMEs

Grundström

Öberg

Öhrwall-Rönnbäck

2011

Int. J. Innov. Mgt.

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The purpose of this paper is to provide insights into how the successors of family-owned manufacturing SMEs view and manage innovativeness. Research into company takeovers mainly focuses on large companies and little is known about innovativeness in research on family-owned businesses, often SMEs. This paper presents findings from ten company successions, five of which describe family successions and five external ones. The paper points to that there is little difference in how various types of successor view and manage innovativeness. A successor is chosen with care and this also influences the view and management of innovativeness; other criteria seem to apply in the succession and radical changes can only be introduced if a number of contextual factors are managed properly. The paper also indicates that while financial constraints may limit innovations, a strong financial situation is not an antecedent for innovativeness

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Section: Why Innovativeness Successions and Smesmentioning

confidence: 99%

VIEW AND MANAGEMENT OF INNOVATIVENESS UPON SUCCESSION IN FAMILY-OWNED SMEs

Grundström

Öberg

Öhrwall-Rönnbäck

2011

Int. J. Innov. Mgt.

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“…Research on acquisitions usually focuses on large companies, while the literature on SME acquisitions remains limited (At & Morand, 2003;Davidson, 1998;Hussinger, 2010). Small firms are sometimes seen as targets being taken over by large companies, where the acquired party is often a newly established firm (Ahuja & Katila, 2001;Christensen, 2006;de Man & Duysters, 2005).…”

Section: Succession In Smes and Family-owned Businessesmentioning

confidence: 99%

Family-owned manufacturing SMEs and innovativeness: A comparison between within-family successions and external takeovers

Grundström¹,

Öberg²,

Rönnbäck³

2012

Journal of Family Business Strategy

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“…This is related to the synergy of acquisition results that can be formed in a relatively short time. In the long run, the impact of synergy begins to fade and issues arising from the acquisition show an impact on stock performance (Davidson, 1988;Datta, 1991).…”

Section: Figure 1 Caar36 Of Acquisition Inter-group Financing Othementioning

confidence: 99%

THE INTENDED USE OF FUNDS AND IPOs MARKET PERFORMANCE IN INDONESIAN CAPITAL MARKET

Meidiaswati¹,

Sasikirono²,

Novita³

2019

jmk

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Specific information on the IPO prospectus can affect the stock's market performance, both the initial returns and the long-term performance. The disclosure of the purpose of IPO proceeds to: acquisition, investment, group financing, debt repayment and working capital, as a specific form of information is indicated to affect both initial return and long-term stock returns. We conducted a test of 148 IPOs on the Indonesia Stock Exchange in the period 2006-2013. Data analysis was performed using OLS and probit regression. The test results show that there is a negative relationship between the intention of the acquisition and debt repayment with underpricing. The results also show that IPOs with the purpose of the debt repayment is positively related to the long-term market performance. The age of the company has a negative effect on IPOs with the purpose of acquisition and debt repayment, while the size of the company proxied by total assets is positively related to the intentions of group financing and debt repayment.

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The Acquisition Risk

Cited by 5 publications

References 0 publications

VIEW AND MANAGEMENT OF INNOVATIVENESS UPON SUCCESSION IN FAMILY-OWNED SMEs

VIEW AND MANAGEMENT OF INNOVATIVENESS UPON SUCCESSION IN FAMILY-OWNED SMEs

Family-owned manufacturing SMEs and innovativeness: A comparison between within-family successions and external takeovers

THE INTENDED USE OF FUNDS AND IPOs MARKET PERFORMANCE IN INDONESIAN CAPITAL MARKET

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