How Long to Read M&A Versus Alliances: The Impact of Partner-specific Alliance Experience on Governance Choice

How Long Does it Take to Read M&A Versus Alliances: The Impact of Partner-specific Alliance Experience on Governance Choice?

It takes the average reader 2 hours and 40 minutes to read M&A Versus Alliances: The Impact of Partner-specific Alliance Experience on Governance Choice by Julia Frehse

Assuming a reading speed of 250 words per minute. Learn more

Description

When companies decide upon a strategy to achieve and sustain growth, they can choose between different options to reach this goal. If external growth is chosen, alliances and acquisitions are typically considered alternative governance structures that involve cooperative efforts on the inter-organizational level. Despite this similarity, each of the two governance types has its own strengths and weaknesses: alliances are based on contracts and offer the firm a substantial level of flexibility while acquisitions are ownership-based and imply a higher degree of commitment but also control. In the course of the governance decision, tradeoffs have to be made between flexibility and control. The challenge managers have to decide, which of the two governance modes suits a specific situation best and will achieve superior results for the company. Prior research shows that a company?s history in inter-organizational governance influences its future governance choices. Firms that have cooperated in an alliance in the past make different governance choices than firms who lack this experience. In general, companies tend to choose governance modes they are already familiar with for future transactions. In addition, whether the partner firms know each other and have worked together before also influences the choice between alliances and acquisitions. This book lays its focus on situations, where companies have allied in the past and are now deciding upon the appropriate governance form for yet another cooperation. Situations where no alliance experience exists and governance choices other than alliances and acquisitions are not considered here. For academics as well as practitioners, it is then of major interest to identify exactly how knowing the target firm from past alliances affects the decision between alliances and acquisitions. However, prior research on the influence of partner-specific alliance experience on governance choice yields mixed results. While it has been proven repeatedly that prior alliance experience with a partner influences the governance choice decision, research has reached a dead end concerning the direction of this effect. The purpose of this research is to contribute to the conversation concerning the effect of partner-specific alliance experience on the choice between alliances and acquisitions and help to close the literature gap by investigating the exact circumstances under which each effects prevails. Financial capacity, market uncertainty and rivalry are chosen as promising moderating variables that are expected to interact with the effect of prior ties and foster the choice for an alliance or an acquisition in a particular situation.

How long is M&A Versus Alliances: The Impact of Partner-specific Alliance Experience on Governance Choice?

M&A Versus Alliances: The Impact of Partner-specific Alliance Experience on Governance Choice by Julia Frehse is 160 pages long, and a total of 40,000 words.

This makes it 54% the length of the average book. It also has 49% more words than the average book.

How Long Does it Take to Read M&A Versus Alliances: The Impact of Partner-specific Alliance Experience on Governance Choice Aloud?

The average oral reading speed is 183 words per minute. This means it takes 3 hours and 38 minutes to read M&A Versus Alliances: The Impact of Partner-specific Alliance Experience on Governance Choice aloud.

What Reading Level is M&A Versus Alliances: The Impact of Partner-specific Alliance Experience on Governance Choice?

M&A Versus Alliances: The Impact of Partner-specific Alliance Experience on Governance Choice is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy M&A Versus Alliances: The Impact of Partner-specific Alliance Experience on Governance Choice?

M&A Versus Alliances: The Impact of Partner-specific Alliance Experience on Governance Choice by Julia Frehse is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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