Publicación:
Serial acquirers' strategy in the telecommunications sector: integration or indigestion?

dc.contributor.authorNavío Marco, Julio
dc.contributor.authorSolórzano García, Marta
dc.contributor.authorVicente Vírseda, Juan Antonio
dc.date.accessioned2026-01-28T08:31:46Z
dc.date.available2026-01-28T08:31:46Z
dc.date.issued2020-03-02
dc.descriptionThis is the accepted manuscript of the article. The registered version was first published in European Journal of International Management, 14(3), 421-442, is available online at the publisher's website: https://doi.org/10.1504/EJIM.2020.107029
dc.descriptionEste es el manuscrito aceptado del artículo. La versión registrada fue publicada por primera vez en European Journal of International Management, 14(3), 421-442, está disponible en línea en el sitio web del editor: https://doi.org/10.1504/EJIM.2020.107029
dc.description.abstractThis article analyses the performance of the serial operations of mergers and acquisitions (M&As) in the telecommunications sector, seeking to understand if the serial M&A strategy leads to stockholder wealth maximisation, and the role of the acquirer's characteristics and its behaviour as an acquirer. After calculating the abnormal returns of telecommunications M&As from 2000 to 2010 and evaluating the long-term value creation/destruction of these operations, neural network and clustering techniques are used to study the serial acquirer's behaviour versus occasional acquirers, to understand the factors influencing the success of the operations and to classify the acquirers into different types. Among other findings, we identify relevant variables that can make the strategy of the serial acquirer successful, and observe signals of indigestion in a certain type of serial acquirer, showing post-merge value destruction. We reflect that the capacity of an organisation to assimilate its previous acquisitions tends to be limited.en
dc.description.provenanceMade available in DSpace on 2026-01-28T08:31:46Z (GMT). No. of bitstreams: 1 Solorzano Garcia_Marta_SerialAcquirersStrateg_MARTA SOLORZANO GARC.pdf: 2476294 bytes, checksum: fbd47f8229cfcafbcc3bfa5380eb4933 (MD5) Previous issue date: 2020-03-02en
dc.description.versionversión final
dc.identifier.citationNavío-Marco, J., Solorzano-García, M., & Vicente-Virseda, J. A. (2020). Serial acquirers' strategy in the telecommunications sector: integration or indigestion? European Journal of International Management, 14(3), 421-442. https://doi.org/10.1504/EJIM.2020.107029
dc.identifier.doihttps://doi.org/10.1504/EJIM.2020.107029
dc.identifier.issn1751-6757
dc.identifier.urihttps://hdl.handle.net/20.500.14468/31599
dc.journal.issue3
dc.journal.titleEuropean Journal of International Management
dc.journal.volume14
dc.language.isoen
dc.page.final442
dc.page.initial421
dc.relation.centerFacultad de Ciencias Económicas y Empresariales
dc.relation.departmentOrganización de Empresas
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/deed.es
dc.subject5311 Organización y dirección de empresas
dc.subject.keywordsmergers and acquisitionsen
dc.subject.keywordsserial acquisitionsen
dc.subject.keywordsstrategyen
dc.subject.keywordsvalue creationen
dc.subject.keywordstelecommunicationsen
dc.subject.keywordsorganizational learningen
dc.subject.keywordsintangiblesen
dc.subject.keywordsCTARen
dc.subject.keywordsinternationalizationen
dc.subject.keywordsoperatorsen
dc.titleSerial acquirers' strategy in the telecommunications sector: integration or indigestion?en
dc.typeartículoes
dc.typejournal articleen
dspace.entity.typePublication
relation.isAuthorOfPublication83ee7c49-5731-4c68-92b3-7e2abeb75dc7
relation.isAuthorOfPublication346b8d73-c1e4-43ba-a586-dbfb99aa9e90
relation.isAuthorOfPublication.latestForDiscovery83ee7c49-5731-4c68-92b3-7e2abeb75dc7
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