Advanced Search
MyIDEAS: Login to save this paper or follow this series

Die sequenzielle Organisationswahl: Kooperationen als Vorstufe von Akquisitionen

Contents:

Author Info

  • Woltering-Lamers, Philipp
Registered author(s):

    Abstract

    Sowohl Kooperationen als auch Akquisitionen sind Strategien der Organisationswahl oder der Gestaltung der Unternehmensgrenzen. Diese beiden Strategien sind nicht unabhängig voneinander. Der Wahl der einen Strategie wird in einem rationalen Kalkül ein Vergleich mit der anderen vorausgegangen sein. Die Unterschiede zwischen beiden Strategien sind weitreichend und erschöpfen sich nicht darin, dass mit Kooperationen eine virtuelle, mit Akquisitio-nen jedoch eine reale Veränderung der Unternehmensgrenzen erfolgen. Die Entscheidung für eine Kooperation und gegen eine Akquisition kann getroffen werden, weil sie strategisch überlegen ist. Sie kann jedoch auch durch die wettbewerbsrechtlichen Restriktionen bedingt sein oder sie kann erfolgen, weil eine Akquisition nicht finanzierbar ist. Während diese Betrachtung einer komparativen Strategiewahl zu-grundeliegt, kann eine solche auch dynamische Aspekte einbeziehen. Es kann dann optimal werden, von vorneherein eine Sequenz von Unternehmensgrenzen vorzusehen. Eine solche kann sich aber durch Entwicklungen oder Ereignisse ungeplant entstehen. Eine Kooperation wird dann zur Vorstufe einer Akquisition werden. Diese Konstellation bildet den Schwerpunkt dieses IfG-Arbeitspapieres von Philipp Woltering-Lamers. Er analysiert die sequentielle Organisationswahl und ihre Determinanten und stellt empirische Studien vor, die sich mit dieser noch wenig untersuchten Thematik auseinandergesetzt haben. Dieses IfG-Arbeitspapier entstammt dem IfG-Forschungscluster II: Unternehmenskooperationen. --

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://econstor.eu/bitstream/10419/55745/1/687811953.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Westfälsche Wilhelms-Universität Münster (WWU), Institut für Genossenschaftswesen in its series Arbeitspapiere with number 122.

    as in new window
    Length:
    Date of creation: 2011
    Date of revision:
    Handle: RePEc:zbw:wwuifg:122

    Contact details of provider:
    Postal: Am Stadtgraben 9, 48143 Münster
    Phone: +49 (0)251 83-2 28 90
    Fax: +49 (0)251 83-2 28 04
    Web page: http://www.ifg-muenster.de/
    More information through EDIRC

    Related research

    Keywords:

    This paper has been announced in the following NEP Reports:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Mody, Ashoka, 1993. "Learning through alliances," Journal of Economic Behavior & Organization, Elsevier, vol. 20(2), pages 151-170, February.
    2. Theurl, Theresia, 2005. "Kooperative Governancestrukturen," Arbeitspapiere 48, Westfälsche Wilhelms-Universität Münster (WWU), Institut für Genossenschaftswesen.
    3. Jay B. Barney, 1986. "Strategic Factor Markets: Expectations, Luck, and Business Strategy," Management Science, INFORMS, vol. 32(10), pages 1231-1241, October.
    4. Teece, David J., 1986. "Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy," Research Policy, Elsevier, vol. 15(6), pages 285-305, December.
    5. Williamson, Oliver E, 1988. " Corporate Finance and Corporate Governance," Journal of Finance, American Finance Association, vol. 43(3), pages 567-91, July.
    6. Moatti, Valerie, 2009. "Learning to expand or expanding to learn? The role of imitation and experience in the choice among several expansion modes," European Management Journal, Elsevier, vol. 27(1), pages 36-46, February.
    7. C Patrick Woodcook & Paul W Beamish & Shige Makino, 1994. "Ownership-Based Entry mode Strategies and International Performance," Journal of International Business Studies, Palgrave Macmillan, vol. 25(2), pages 253-273, June.
    8. Higgins, Matthew J. & Rodriguez, Daniel, 2006. "The outsourcing of R&D through acquisitions in the pharmaceutical industry," Journal of Financial Economics, Elsevier, vol. 80(2), pages 351-383, May.
    9. Mitchell, Will & Singh, Kulwant, 1992. "Incumbents' use of pre-entry alliances before expansion into new technical subfields of an industry," Journal of Economic Behavior & Organization, Elsevier, vol. 18(3), pages 347-372, August.
    10. Hennart, J.-F.M.A., 1989. "Transaction costs theory of equity joint ventures," Open Access publications from Tilburg University urn:nbn:nl:ui:12-175839, Tilburg University.
    11. Richard J. Arend, 2004. "Conditions for Asymmetric Information Solutions when Alliances Provide Acquisition Options and Due Diligence," Journal of Economics, Springer, vol. 82(3), pages 281-312, 07.
    12. John Hagedoorn, 2002. "External Sources of Innovative Capabilities: The Preferences for Strategic Alliances or Mergers and Acquisitions," Journal of Management Studies, Wiley Blackwell, vol. 39(2), pages 167-188, 03.
    13. Reuer, Jeffrey J. & Zollo, Maurizio, 2005. "Termination outcomes of research alliances," Research Policy, Elsevier, vol. 34(1), pages 101-115, February.
    14. Stanley M. Besen & Joseph Farrell, 1994. "Choosing How to Compete: Strategies and Tactics in Standardization," Journal of Economic Perspectives, American Economic Association, vol. 8(2), pages 117-131, Spring.
    15. Garette, Bernard & Dussauge, Pierre, 2000. "Alliances versus acquisitions: choosing the right option," European Management Journal, Elsevier, vol. 18(1), pages 63-69, February.
    16. Julian Birkinshaw, 2000. "Managing the Post-acquisition Integration Process: How the Human Iintegration and Task Integration Processes Interact to Foster Value Creation," Journal of Management Studies, Wiley Blackwell, vol. 37, pages 395-425, 05.
    17. Mayrhofer, Ulrike, 2004. "The influence of national origin and uncertainty on the choice between cooperation and merger-acquisition: an analysis of French and German firms," International Business Review, Elsevier, vol. 13(1), pages 83-99, February.
    18. Akerlof, George A, 1970. "The Market for 'Lemons': Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, MIT Press, vol. 84(3), pages 488-500, August.
    19. Balakrishnan, Srinivasan & Koza, Mitchell P., 1993. "Information asymmetry, adverse selection and joint-ventures : Theory and evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 20(1), pages 99-117, January.
    20. Hennart, J.-F.M.A. & Reddy, S., 1997. "The choice between mergers/acquisitions and joint ventures: the case of Japanese investors in the United States," Open Access publications from Tilburg University urn:nbn:nl:ui:12-175778, Tilburg University.
    21. Robert Axelrod & Will Mitchell & Robert E. Thomas & D. Scott Bennett & Erhard Bruderer, 1995. "Coalition Formation in Standard-Setting Alliances," Management Science, INFORMS, vol. 41(9), pages 1493-1508, September.
    22. Carayannopoulos, Sofy & Auster, Ellen R., 2010. "External knowledge sourcing in biotechnology through acquisition versus alliance: A KBV approach," Research Policy, Elsevier, vol. 39(2), pages 254-267, March.
    23. Seung Ho Park & Michael V. Russo, 1996. "When Competition Eclipses Cooperation: An Event History Analysis of Joint Venture Failure," Management Science, INFORMS, vol. 42(6), pages 875-890, June.
    24. John Hagedoorn, 1999. "The Transition from Strategic Technology Alliances to Mergers and Acquisitions: An Exploratory Study," Journal of Management Studies, Wiley Blackwell, vol. 36(1), pages 87-107, 01.
    25. Reuer, Jeffrey J. & Ragozzino, Roberto, 2008. "Adverse selection and M&A design: The roles of alliances and IPOs," Journal of Economic Behavior & Organization, Elsevier, vol. 66(2), pages 195-212, May.
    26. Hitt, Michael A. & King, David & Krishnan, Hema & Makri, Marianna & Schijven, Mario & Shimizu, Katsuhiko & Zhu, Hong, 2009. "Mergers and acquisitions: Overcoming pitfalls, building synergy, and creating value," Business Horizons, Elsevier, vol. 52(6), pages 523-529, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:zbw:wwuifg:122. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.