We quantify the value of CEO industry-specific experience by using diversifying mergers and acquisitions announcements. In general, we find that industry experienced CEOs add value for their shareholders. The abnormal return is between 1.0% and 1.3% higher when the acquirer’s CEO has top management experience in the target’s industry. Analyzing potential mechanisms, we provide evidence that CEO...

intraorganizational units play a critical role in km processes of acquiring, creating, exchanging, and utilizing knowledge assets. while much attention has been directed to effective knowledge strategies forsupporting organizational km processes, there is a lack of insightful research on knowledge strategy and its implementation at the work-unit level. this study examines two types of work unit...