​In the presence of high uncertainty and limited experience, can observing the actions of other acquiring predecessors … countries, we document a positive and significant relationship between an acquirer's performance and its predecessors …

takeover performance, focusing on the benefits of organizational learning and the detriments of post-merger integration (PMI … short-term abnormal return, equal to a $31M shareholder value disadvantage. While learning through experience does not … learning hypothesis). When looking at the PMI process, the time between two consecutive transactions and relative deal size are …