Abstract
A growing literature suggests that deliberate, cognitive effort is necessary for learning to occur in the context of complex strategic activities. However, given increasing pressure for short-term results, it remains unclear what motivates management to actually invest such effort in learning, which benefits performance primarily in the longer term. To help fill this gap in our understanding of the motivational mechanisms behind organizational learning, we theorize whether and how corporate governance mechanisms push management toward more effective learning from its firm’s acquisition experience. Using data on U.S. firms’ acquisitions from 1996 through 2012, we find considerable support for our arguments.
Original language | English (US) |
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Pages (from-to) | 330-358 |
Number of pages | 29 |
Journal | Strategic Organization |
Volume | 22 |
Issue number | 2 |
Early online date | Nov 25 2021 |
DOIs | |
State | Published - May 2024 |
Keywords
- acquisitions
- corporate governance
- organizational learning
ASJC Scopus subject areas
- Business and International Management
- Education
- Industrial relations
- Strategy and Management