Boardroom Shifts and Bright Ideas: exploring the impact of board turnover and R&D expenditures on acquisition performance of U.S. firms from an organizational learning theory perspective.

dc.contributor.advisorAalbers, R.
dc.contributor.authorWolterink, Janiek
dc.date.issued2024-06-10
dc.description.abstractThe merger and acquisition (M&A) market shapes corporate growth and strategy, where board turnover plays a crucial role in influencing outcomes. Despite its importance, the specific impacts of board turnover, coupled with R&D expenditures, on long-term acquisition performance remain underexplored. This study aims to fill those research gaps by investigating how board turnover and R&D expenditures affect the performance of publicly traded U.S. firms, from an organizational learning theory perspective. Utilizing data from 1,540 acquisitions between 2008 and 2018 and employing multivariate regression analysis, this research examines the role of R&D expenditures on the relation between board turnover and acquisition performance. The findings reveal that R&D expenditures intensify the challenges of high board turnover during acquisitions. Furthermore, the study revealed that board turnover influences R&D expenditures. This study clarifies the critical role of R&D expenditures in enhancing long-term acquisition success surrounded by governance changes, thereby contributing to a more nuanced understanding of M&A dynamics.
dc.identifier.urihttps://theses.ubn.ru.nl/handle/123456789/17255
dc.language.isoen
dc.thesis.facultyFaculteit der Managementwetenschappen
dc.thesis.specialisationspecialisations::Faculteit der Managementwetenschappen::Master Business Administration::Strategic Management
dc.thesis.studyprogrammestudyprogrammes::Faculteit der Managementwetenschappen::Master Business Administration
dc.thesis.typeMaster
dc.titleBoardroom Shifts and Bright Ideas: exploring the impact of board turnover and R&D expenditures on acquisition performance of U.S. firms from an organizational learning theory perspective.

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