Learning to Learn or Learning to Coordinate? The Influence of Alliance Experience on Acquisition Performance


Korcan Kavusan
  • Speaker
Rotterdam School of Management (RSM), Erasmus University Rotterdam

Event Information

Type
Research Seminar
Programme
Strategy & Entrepreneurship
Date
Tue. 10 Dec. 2013
Contact
Pursey Heugens
Time
11:00-12:30 hours
Location
Mandeville Building T03-25


Abstract

We examine how alliance experience influences acquisition performance through the transfer of knowledge utilisation routines. We suggest that learning alliances, which facilitate knowledge acquisition from alliance partners, enhance firms` knowledge integration routines whereas complementary specialisation alliances, which facilitate knowledge access without acquisition, improve knowledge combination routines. Drawing on transfer theory, we argue that the effects of alliance experience on acquisition performance depend on the congruence between the knowledge utilisation goals in alliances and acquisitions. As predicted, we find that performance of acquisitions in the semiconductor industry, which require knowledge integration, is affected negatively by experience in complementary specialisation alliances, while performance of acquisitions in the pharmaceutical industry, which require knowledge combination rather than integration, is affected positively by experience in complementary specialisation alliances, and negatively by experience in learning alliances.

Pursey Heugens
Professor of Organization Theory, Development, and Change, Scientific Director ERIM, Dean of Research RSM
  • Coordinator
Justin Jansen
Professor of Corporate Entrepreneurship
  • Coordinator
Taco Reus
Endowed Professor in Global Strategy
  • Coordinator