Abstract/Details

Done deal: Socially expected and contested duration in the corporate merger and acquisition market


2006 2006

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Abstract (summary)

This dissertation examines the relationship between social structure and the average length of time in economic exchange. The corporate merger and acquisition market is examined over a 19 year period to study the statistical relationship between the average length of time in deal negotiations and measures of institutional forces as well as established sociometric measures. Survival regression modeling is employed to assess the role social structure plays in the length of time in deal making. At the actor level, network position among investment bankers plays a role in the average length of time in deal negotiations. Investment bankers use degree centrality and exploit structural holes within their ego networks to further their duration goals. At the group level, properties of the overall network of investment bankers are related to the average length of time in deal negotiations as well. Network density of the investment bank community is related to the average length of time in deal making. Institutional forces play a role in the average length of time in negotiations as well. Measures of coercive, normative, as well as mimetic institutional forces are statistically related to the average length of time in deal negotiations. The passage of time itself is statistically related to lengthening the remaining length of time, on average, in deal negotiations.

Indexing (details)


Subject
Labor relations;
Sociology
Classification
0629: Labor relations
0626: Sociology
Identifier / keyword
Social sciences; Corporate; Duration; Market; Merger and acquisition; Social networks; Structural holes
Title
Done deal: Socially expected and contested duration in the corporate merger and acquisition market
Author
Cheney, Eric R.
Number of pages
297
Publication year
2006
Degree date
2006
School code
0118
Source
DAI-A 67/05, Dissertation Abstracts International
Place of publication
Ann Arbor
Country of publication
United States
ISBN
9780542682827
Advisor
Faulkner, Robert R.
University/institution
University of Massachusetts Amherst
University location
United States -- Massachusetts
Degree
Ph.D.
Source type
Dissertations & Theses
Language
English
Document type
Dissertation/Thesis
Dissertation/thesis number
3216945
ProQuest document ID
305306504
Copyright
Database copyright ProQuest LLC; ProQuest does not claim copyright in the individual underlying works.
Document URL
http://search.proquest.com/docview/305306504
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