Artikel
Exploring the link of real options theory with dynamic capabilities framework in open innovation-type merger and acquisition deals
Although it is well established that acquisition-based dynamic capabilities have important consequences for merger and acquisition (M&A) processes, direct evidence on how real option applications can measure a dynamic capability-based synergy in open innovation-type M&A deals has been scarce. This study draws from seminal research on real options theory to explore some of these benefits and limits to value a synergy in one recent highly strategic acquisition. To strengthen the identification of causal effects, the paper develops the proposition that justifies the role of dynamic capabilities as antecedents of the success of open innovation-type M&A deals in the ICT industry and demonstrates real options' application to measure M&A synergies. To test the internal and external validity of the proposition, the explorative case study on Samsung's acquisition of Harman International Industries was analyzed and interpreted. This study contributes important empirical evidence to bear on the literature on open innovation theory, dynamic capabilities framework, and real options theory.
- Language
-
Englisch
- Bibliographic citation
-
Journal: Journal of Risk and Financial Management ; ISSN: 1911-8074 ; Volume: 14 ; Year: 2021 ; Issue: 4 ; Pages: 1-16 ; Basel: MDPI
- Classification
-
Wirtschaft
- Subject
-
acquisition
dynamic capabilities
open innovation
real option
synergy
- Event
-
Geistige Schöpfung
- (who)
-
Čirjevskis, Andrejs
- Event
-
Veröffentlichung
- (who)
-
MDPI
- (where)
-
Basel
- (when)
-
2021
- DOI
-
doi:10.3390/jrfm14040168
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Čirjevskis, Andrejs
- MDPI
Time of origin
- 2021
Other Objects (12)
Integration nach Merger and acquisition : Erfolgskonzeption für das Post-Deal-Management
Valuing reciprocal synergies in merger and acquisition deals using the real option analysis
Merger options and risk arbitrage
A Sectorial Analysis of Possible Information leakages prior to Merger and Acquisition Deals in Istanbul Stock Exchange
Remedies vs. Extreme Options in Merger Control
Merger and acquisition in the banking sector
A Note on Merger and Acquisition Evaluation
A note on merger and acquisition evaluation
Forecasting potential innovation activities in high-tech industries triggered by merger and acquisition deals: a framework of analysis
Greenfield versus merger & acquisition FDI: Same wine, different bottles?
Darstellung praxisrelevanter, rechtlicher Aspekte im Merger-and-Acquisition-Prozess
Valuing dynamic capabilities-based synergies with real options
Integration nach Merger and acquisition : Erfolgskonzeption für das Post-Deal-Management
Valuing reciprocal synergies in merger and acquisition deals using the real option analysis
Merger options and risk arbitrage
A Sectorial Analysis of Possible Information leakages prior to Merger and Acquisition Deals in Istanbul Stock Exchange
Remedies vs. Extreme Options in Merger Control
Merger and acquisition in the banking sector
A Note on Merger and Acquisition Evaluation
A note on merger and acquisition evaluation
Forecasting potential innovation activities in high-tech industries triggered by merger and acquisition deals: a framework of analysis
Greenfield versus merger & acquisition FDI: Same wine, different bottles?
Darstellung praxisrelevanter, rechtlicher Aspekte im Merger-and-Acquisition-Prozess
Valuing dynamic capabilities-based synergies with real options
Integration nach Merger and acquisition : Erfolgskonzeption für das Post-Deal-Management
Valuing reciprocal synergies in merger and acquisition deals using the real option analysis
Merger options and risk arbitrage
A Sectorial Analysis of Possible Information leakages prior to Merger and Acquisition Deals in Istanbul Stock Exchange
Remedies vs. Extreme Options in Merger Control
Merger and acquisition in the banking sector
A Note on Merger and Acquisition Evaluation
A note on merger and acquisition evaluation
Forecasting potential innovation activities in high-tech industries triggered by merger and acquisition deals: a framework of analysis
Greenfield versus merger & acquisition FDI: Same wine, different bottles?
Darstellung praxisrelevanter, rechtlicher Aspekte im Merger-and-Acquisition-Prozess