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CSOD - Coggle Diagram

- - - - It asked how acquirer announcement returns have changed over four decades once bidder identity is held constant 
        They found returns rose ~5 percentage points, but declining bidder uniqueness offset this, keeping average returns flat while total merger synergies grew
    - - How do firms use acquisitions to reconfigure their business resources over time, and do acquisitions primarily lead to path-dependent resource deepening (building on existing product lines) or path-breaking resource extension (retaining distinct new lines and categories)?
  - - - How have acquirer returns in mergers and acquisitions (M&A) evolved over time? What are the drivers of this evolution, particularly focusing on the role of bidder uniqueness and merger-induced synergies?
- - - - When a large firm changes its diversification strategy, does that increase the likelihood that its structure will subsequently change, and is the reverse also true?
- - - - Chondrakis et al. (2022)
      - Zhou & Wan (2017)
    - - Leiblein & Miller (2003)
    - - Rothaermel et al (2006).
- - - - Cost of diversification - Zhou (2011)
      - Three perspectives on diversification (Montgomery, 1994)
        
        The Agency view
        
        The Market-power View
        
        The Resource-based View
    - - Palich et al. (2000)
      - Choi et al (2021)
- - - - How should a firm choose the way it organizes innovation – open or closed – so that it solves the problem it faces most efficiently? 
    - - Does searching widely and deeply for external knowledge improve a firm’s innovation performance, and if so, where does the benefit turn into a cost?
    - - Csazar (2012)
        
        Does the way a fund’s decision‑making committee is organized (centralized vs. decentralized) change how many stocks it holds and the types of errors it makes?
      - Criscuolo et al. (2017)
        
        How do panel characteristics shape the relationship between project novelty and the amount of funding awarded?
    - - Definition: The use of purposive inflows and outflows of knowledge to accelerate internal innovation and expand the markets for external use of innovation.
      - Core Idea: Knowledge flows across firms’ boundaries allow firms to become more efficient and effective.
      - Trends: Have made collaborations easier and open innovation more important.
        
        globalization & increasing job mobility.
        
        Digitalization and the emergence of the internet.
    - - 1. Acquiring (Inbound + pecuniary): you pay to bring in external knowledge/resources (e.g., licensing a patent).
        
        Sourcing (Inbound + non-pecuniary): you informally draw on external ideas without direct payment (e.g., learning from users, communities, open-source).
        
        Selling (Outbound + pecuniary): you earn money by licensing/selling your internal knowledge outward.
        
        Revealing (Outbound + non-pecuniary): you freely disclose internal knowledge (e.g., publishing a design or contributing to open-source) to spur adoption, standards, complements, or reputation.