Title
A contextual theory of organizational learning from failures and successes : a study of acquisition completion in the global newspaper industry, 1981-2008 A contextual theory of organizational learning from failures and successes : a study of acquisition completion in the global newspaper industry, 1981-2008
Author
Faculty/Department
Faculty of Applied Economics
Publication type
article
Publication
Chichester ,
Subject
Economics
Source (journal)
Strategic management journal. - Chichester
Volume/pages
33(2012) :8 , p. 938-964
ISSN
0143-2095
ISI
000305181500003
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
This study develops and tests theory about the context-specificity and outcome-dependence of experiential learning in acquisition processes. First, we investigate whether learning from experience gained in different acquisition contexts is limited to influencing subsequent outcomes of same-context transactions. Second, we analyze whether learning patterns in response to prior successes and failures differ across acquisition contexts, depending on two properties of these contextsthe degree of structural variance and the level of stimulation of deliberate learning. Learning is assessed with respect to an underexplored organizational goal variable in acquisitions: completion of a publicly announced transaction. An analysis of 4,973 acquisition attempts in the newspaper industry in 19812008 largely supports our theory. Copyright (c) 2012 John Wiley & Sons, Ltd.
E-info
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