Borrow and Buy: Complementarity and Substitutability of Acquirer’s Alliances and Technology Acquisitions

Working Papers

I aim to contribute to corporate strategy and technology and innovation management literatures by refining the way we think about how firms’ externally accessible resources and capabilities influence those firms’ heterogeneous boundary choices and their resulting outcomes. Read More

Revisiting the Locus of Experience: A Study on Corporate Development Executives, Organizational Learning and M&A Performance

Working Papers

Understanding how firms learn to make better strategic decisions and achieve superior performance is a question of significant concern to managers and scholars, especially in the context of mergers and acquisitions (M&A).Read More

In the Shadow of the Valley: Private Equity Firms’ Increased Prominence in High-Tech Acquisitions

Funded Research Proposal

Why and how do private equity (PE) firms engage in technology acquisitions, and how do they create and capture value in these transactions? Observational data shows initial evidence that not only are PE firms engaging in an increasing number of technology buyouts, they are also seemingly behaving in distinct ways from both corporate acquirers, as well as PE firms in industries other than high-tech.Read More

The Influence of Private Equity Experience on Corporate Transactions

Funded Research Proposal

This project considers whether CEOs and other top managers whose professional backgrounds are in private equity undertake different and/or more successful acquisitions and divestitures than CEOs and other top managers who do not have professional backgrounds in private equity.Read More

Family Firms and the Stock Market Performance of Acquisitions and Divestitures

Published Research

In this project, I seek to compare how effectively family firms undertake and implement acquisitions and divestitures relative to their non-family counterparts. While family firms are less likely than non-family firms to undertake divestitures, the stock market returns earned by the family firms that undertake these deals exceed those of non-family firms.Read More

Gender Differences in Communication and Investor Perceptions of Entrepreneurship Potential

Working Papers

Entrepreneurial start-up ventures are a major contributor to innovation and job creation in the U.S.  One critical task that entrepreneurs face is finding investors who are willing to provide the funding and resources that will allow the business to survive.Read More

Renting Capabilities from Consultants in Post-Acquisition Integration

Funded Research Proposal

This research investigates capability development at the business unit level of analysis. To do so, we consider business units that have been serially bought and sold, or “repeatedly divested” units.Read More

Acqui-Hires: Revolutionizing Strategy & Transforming Organizational Structures

MBA Research Fellowship paper

This paper explores the phenomenon of “acqui-hires”, defined as acquisitions of early-stage startups made purely to acquire talent. Acqui-hires are prevalent among Northern California’s high-technology companies, who use these to fill gaps in their strategic roadmaps. Taking the perspective of an acquirer, we examine the different ways acquirers approach acquir-hires relative to conventional acquisitions.Read More

Evolving Communication Patterns In Response to an Acquisition Event

Published Research

This study combines qualitative and quantitative methods, with particular emphasis on network data of worker behavior, to analyze changes in worker communication patterns during the first three years of a post-acquisition integration. The findings suggest that new communication routines develop slowly and are not entirely enduring even when a transformative event, such as an acquisition, occurs.Read More

Perspectives on Firm Decision Making During Risky Technology Acquisitions

Published Research

A novel survey dataset on computed tomography (CT) machine acquisition is used to explore which theories best answer two questions from the decision making literature. First, what determines how much uncertainty a firm has when investing in updated technology? Second, what determines the value of the acquisition? In answering these questions, two theoretical comparisons are conducted.Read More

Corporate Venture Capital and the Returns to Acquiring Portfolio Companies

Published Research

A prominent motive for corporate venture capital (CVC) is the identification of entrepreneurial-firm acquisition opportunities. Consistent with this view, we find that one of every five startups purchased by 61 top corporate investors from 1987 through 2003 is a venture portfolio company of its acquirer.Read More

Value Creation and Destruction: A Study of the US Medical Devices Industry

Published Research

This dissertation studies firm strategy to gain technological knowledge from external sources in dynamic industries and the performance implications of these strategies. In dynamic industries, firms need to integrate new knowledge, and build new resources and capabilities to maintain competitive advantage.Read More