TY - JOUR
AU - Hyland, MaryAnne
AB - This article takes a multilevel perspective to explore various sources of imitation. Three levels of imitation sources include firms’ own experience (firm level), actions of firms within the same product market (market level), and firms in different product markets but within the same industry (industry level). Hypothesis tests on mergers and acquisitions (M&As) that occurred from 1981 to 2000 in the financial service industry show that three levels of imitation occur independently and simultaneously and have significant impact on the choice of M&As. M&As by firms entering the focal product market, however, are not significantly associated with the likelihood of an unrelated M&A.
TI - Who Do Firms Imitate? A Multilevel Approach to Examining Sources of Imitation in the Choice of Mergers and Acquisitions
JF - Journal of Management
DO - 10.1177/0149206305280790
DA - 2006-06-01
UR - https://www.deepdyve.com/lp/sage/who-do-firms-imitate-a-multilevel-approach-to-examining-sources-of-52DcYH7r6s
SP - 381
EP - 399
VL - 32
IS - 3
DP - DeepDyve
ER -