{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,2,25]],"date-time":"2026-02-25T18:58:12Z","timestamp":1772045892454,"version":"3.50.1"},"reference-count":67,"publisher":"Springer Science and Business Media LLC","issue":"1","license":[{"start":{"date-parts":[[2024,10,24]],"date-time":"2024-10-24T00:00:00Z","timestamp":1729728000000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0"},{"start":{"date-parts":[[2024,10,24]],"date-time":"2024-10-24T00:00:00Z","timestamp":1729728000000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0"}],"content-domain":{"domain":["link.springer.com"],"crossmark-restriction":false},"short-container-title":["EPJ Data Sci."],"abstract":"<jats:title>Abstract<\/jats:title><jats:p>Studying acquisitions offers invaluable insights into startup trends, aiding informed investment decisions for businesses. However, the scarcity of studies in this domain prompts our focus on shedding light in this area. Employing Crunchbase data, our study delves into the global network of company acquisitions using diverse network analysis techniques. Our findings unveil an acquisition network characterized by a primarily sparse structure comprising localized dense connections. We reveal a prevalent tendency among organizations to acquire companies within their own country and industry, as well as those within the same age bracket. Furthermore, we show that the country, region, city, and category of the companies can affect the formation of acquisition relationships between them. Our temporal analysis indicates a growth in the number of weakly connected components of the network over time, accompanied by a trend toward a sparser network. Through centrality metrics computation in the cross-city acquisition network, we identify New York, London, and San Francisco as pivotal and central hubs in the global economic landscape. Finally, we show that the United States, United Kingdom, and Germany are predominant countries in international acquisitions. The insights from our research assist policymakers in crafting better regulations to foster global economic growth, and aid businesses in deciding which startups to acquire and which markets to target for expansion.<\/jats:p>","DOI":"10.1140\/epjds\/s13688-024-00503-z","type":"journal-article","created":{"date-parts":[[2024,10,24]],"date-time":"2024-10-24T06:03:15Z","timestamp":1729749795000},"update-policy":"https:\/\/doi.org\/10.1007\/springer_crossmark_policy","source":"Crossref","is-referenced-by-count":2,"title":["Understanding trends, patterns, and dynamics in global company acquisitions: a network perspective"],"prefix":"10.1140","volume":"13","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-6153-9048","authenticated-orcid":false,"given":"Ghazal","family":"Kalhor","sequence":"first","affiliation":[]},{"given":"Behnam","family":"Bahrak","sequence":"additional","affiliation":[]}],"member":"297","published-online":{"date-parts":[[2024,10,24]]},"reference":[{"issue":"4","key":"503_CR1","doi-asserted-by":"publisher","DOI":"10.1371\/journal.pone.0283217","volume":"18","author":"L Arsini","year":"2023","unstructured":"Arsini L, Straccamore M, Zaccaria A (2023) Prediction and visualization of mergers and acquisitions using economic complexity. PLoS ONE 18(4):e0283217","journal-title":"PLoS ONE"},{"issue":"2","key":"503_CR2","doi-asserted-by":"publisher","first-page":"114","DOI":"10.1038\/s42254-023-00676-y","volume":"6","author":"O Artime","year":"2024","unstructured":"Artime O, Grassia M, De Domenico M, et al. (2024) Robustness and resilience of complex networks. Nat Rev Phys 6(2):114\u2013131","journal-title":"Nat Rev Phys"},{"key":"503_CR3","doi-asserted-by":"publisher","first-page":"1317","DOI":"10.1057\/jibs.2009.15","volume":"40","author":"B Aybar","year":"2009","unstructured":"Aybar B, Ficici A (2009) Cross-border acquisitions and firm value: an analysis of emerging-market multinationals. Int J Bus Stud 40:1317\u20131338","journal-title":"Int J Bus Stud"},{"issue":"7","key":"503_CR4","doi-asserted-by":"publisher","first-page":"543","DOI":"10.1080\/09603100903459840","volume":"20","author":"A Bassen","year":"2010","unstructured":"Bassen A, Schiereck D, W\u00fcbben B (2010) M&a success of German acquisitions in the us\u2013evidence from capital market and survey data. Appl Financ Econ 20(7):543\u2013559","journal-title":"Appl Financ Econ"},{"key":"503_CR5","doi-asserted-by":"publisher","DOI":"10.1007\/978-3-031-11495-3","volume-title":"Entrepreneurship today: the resurgence of small, technology-driven businesses in a dynamic new economy","author":"S Bhatt","year":"2022","unstructured":"Bhatt S (2022) Entrepreneurship today: the resurgence of small, technology-driven businesses in a dynamic new economy. Springer, Berlin"},{"issue":"10","key":"503_CR6","doi-asserted-by":"publisher","DOI":"10.1088\/1742-5468\/2008\/10\/P10008","volume":"2008","author":"VD Blondel","year":"2008","unstructured":"Blondel VD, Guillaume JL, Lambiotte R, et al. (2008) Fast unfolding of communities in large networks. J Stat Mech Theory Exp 2008(10):P10008","journal-title":"J Stat Mech Theory Exp"},{"key":"503_CR7","volume-title":"Random graphs","author":"B Bollob\u00e1s","year":"1998","unstructured":"Bollob\u00e1s B, Bollob\u00e1s B (1998) Random graphs. Springer, Berlin"},{"issue":"1","key":"503_CR8","doi-asserted-by":"publisher","DOI":"10.1038\/s41598-019-57209-w","volume":"10","author":"M Bonaventura","year":"2020","unstructured":"Bonaventura M, Ciotti V, Panzarasa P, et al. (2020) Predicting success in the worldwide start-up network. Sci Rep 10(1):345","journal-title":"Sci Rep"},{"key":"503_CR9","volume-title":"Global finance and urban living: a study of metropolitan change","author":"L Budd","year":"1992","unstructured":"Budd L, Whimster S (1992) Global finance and urban living: a study of metropolitan change. Taylor & Francis, London"},{"issue":"2","key":"503_CR10","volume":"69","author":"Z Burda","year":"2004","unstructured":"Burda Z, Jurkiewicz J, Krzywicki A (2004) Network transitivity and matrix models. Phys Rev\u00a0E 69(2):026106","journal-title":"Phys Rev\u00a0E"},{"key":"503_CR11","unstructured":"B\u00fcrgel O, Fier A, Licht G, et al (2001) The rapid internationalisation of high-tech young firms in Germany and the United Kingdom London. Tech. Rep"},{"issue":"7","key":"503_CR12","doi-asserted-by":"publisher","first-page":"1481","DOI":"10.1177\/0007650316648642","volume":"57","author":"MP Ciuchta","year":"2018","unstructured":"Ciuchta MP, O\u2019Toole J (2018) Buy local? Organizational identity in the localism movement. Bus Soc 57(7):1481\u20131497","journal-title":"Bus Soc"},{"issue":"1","key":"503_CR13","first-page":"47","volume":"35","author":"Y Cong","year":"2021","unstructured":"Cong Y, Du H, Vasarhelyi MA (2021) Cloud computing start-ups and emerging technologies: from private investors\u2019 perspectives. J Inf Syst 35(1):47\u201364","journal-title":"J Inf Syst"},{"key":"503_CR14","doi-asserted-by":"publisher","first-page":"545","DOI":"10.1007\/s11187-017-9907-1","volume":"50","author":"C Cotei","year":"2018","unstructured":"Cotei C, Farhat J (2018) The m&a exit outcomes of new, young firms. Small Bus Econ 50:545\u2013567","journal-title":"Small Bus Econ"},{"key":"503_CR15","first-page":"1","volume-title":"2016 international conference on engineering, technology and innovation\/IEEE lnternational technology management conference (ICE\/ITMC)","author":"D Cukier","year":"2016","unstructured":"Cukier D, Kon F, Lyons TS (2016) Software startup ecosystems evolution: the New York city case study. In: 2016 international conference on engineering, technology and innovation\/IEEE lnternational technology management conference (ICE\/ITMC). IEEE Press, New York, pp\u00a01\u20138"},{"issue":"4","key":"503_CR16","doi-asserted-by":"publisher","first-page":"330","DOI":"10.1177\/0891242406292708","volume":"20","author":"E Currid","year":"2006","unstructured":"Currid E (2006) New York as a global creative hub: a competitive analysis of four theories on world cities. Econ Dev Q 20(4):330\u2013350","journal-title":"Econ Dev Q"},{"key":"503_CR17","doi-asserted-by":"publisher","unstructured":"Dalle JM, den Besten M, Menon C (2017) Using crunchbase for economic and managerial research. Tech. Rep. 2017\/08, OECD Science, Technology and Industry Working Papers. https:\/\/doi.org\/10.1787\/6c418d60-en","DOI":"10.1787\/6c418d60-en"},{"key":"503_CR18","doi-asserted-by":"crossref","unstructured":"den Besten ML (2020) Crunchbase research: Monitoring entrepreneurship research in the age of big data. Available at SSRN 3724395","DOI":"10.2139\/ssrn.3724395"},{"issue":"1","key":"503_CR19","doi-asserted-by":"publisher","DOI":"10.1038\/s41598-017-10779-z","volume":"7","author":"M Due\u00f1as","year":"2017","unstructured":"Due\u00f1as M, Mastrandrea R, Barigozzi M, et al. (2017) Spatio-temporal patterns of the international merger and acquisition network. Sci Rep 7(1):10789","journal-title":"Sci Rep"},{"key":"503_CR20","volume-title":"ICIS","author":"M Eickhoff","year":"2017","unstructured":"Eickhoff M, Muntermann J, Weinrich T (2017) What do fintechs actually do? A taxonomy of fintech business models. In: ICIS"},{"key":"503_CR21","doi-asserted-by":"crossref","unstructured":"Elson A, Elson A (2019) Key markers in the global integration of the us economy. In: The United States in the World Economy: making Sense of Globalization, 19\u201341","DOI":"10.1007\/978-3-030-20688-8_2"},{"issue":"3","key":"503_CR22","doi-asserted-by":"publisher","first-page":"1045","DOI":"10.1111\/j.1540-6261.2012.01741.x","volume":"67","author":"I Erel","year":"2011","unstructured":"Erel I, Liao RC, Weisbach MS (2011) Determinants of cross-border mergers and acquisitions. J Finance 67(3):1045\u20131082","journal-title":"J Finance"},{"key":"503_CR23","doi-asserted-by":"publisher","DOI":"10.5117\/9789462987166","volume-title":"Accelerators in Silicon Valley: building successful startups","author":"P Ester","year":"2017","unstructured":"Ester P (2017) Accelerators in Silicon Valley: building successful startups. Amsterdam University Press"},{"key":"503_CR24","doi-asserted-by":"crossref","unstructured":"Fairlie RW (2012) Kauffman index of entrepreneurial activity, 1996\u20132011. Available at SSRN 2027008","DOI":"10.2139\/ssrn.2027008"},{"key":"503_CR25","unstructured":"F\u00e4rber M (2019) Linked crunchbase: a linked data api and rdf data set about innovative companies. ArXiv preprint. arXiv:1907.08671"},{"issue":"02","key":"503_CR26","volume":"16","author":"X Ferr\u00e1s-Hern\u00e1ndez","year":"2019","unstructured":"Ferr\u00e1s-Hern\u00e1ndez X, Armisen-Morell A, Sabata-Alberich A, et al. (2019) The new manufacturing: in search of the origins of the next generation manufacturing start-ups. Int J Innov Technol Manag 16(02):1950014","journal-title":"Int J Innov Technol Manag"},{"key":"503_CR27","first-page":"300","volume-title":"ECIE 2021 16th European conference on innovation and entrepreneurship vol 1, academic conferences limited","author":"F Ferrati","year":"2021","unstructured":"Ferrati F, Muffato M (2021) Startup exits by acquisition: a cross industry analysis of speed and funding. In: ECIE 2021 16th European conference on innovation and entrepreneurship vol 1, academic conferences limited, p\u00a0300"},{"key":"503_CR28","doi-asserted-by":"crossref","unstructured":"Fichtner J (2020) The rise of institutional investors. In: The Routledge international handbook of financialization, 265\u2013275","DOI":"10.4324\/9781315142876-22"},{"issue":"2","key":"503_CR29","doi-asserted-by":"publisher","first-page":"119","DOI":"10.1111\/emre.12094","volume":"14","author":"I Galavotti","year":"2017","unstructured":"Galavotti I, Cerrato D, Depperu D (2017) Experience and cross-border acquisitions: an organizational learning perspective. Eur Manage Rev 14(2):119\u2013131","journal-title":"Eur Manage Rev"},{"issue":"4","key":"503_CR30","doi-asserted-by":"publisher","first-page":"697","DOI":"10.1093\/rof\/rfz007","volume":"23","author":"G Grullon","year":"2019","unstructured":"Grullon G, Larkin Y, Michaely R (2019) Are us industries becoming more concentrated? Rev Finance 23(4):697\u2013743","journal-title":"Rev Finance"},{"key":"503_CR31","doi-asserted-by":"publisher","DOI":"10.1016\/j.physa.2019.04.219","volume":"526","author":"XY Guo","year":"2019","unstructured":"Guo XY, Yang K, Wu XM, et al. (2019) Statistical properties of Chinese merger and acquisition network. Phys A, Stat Mech Appl 526:120983","journal-title":"Phys A, Stat Mech Appl"},{"key":"503_CR32","first-page":"268","volume-title":"ICIMTH","author":"O Halminen","year":"2019","unstructured":"Halminen O, Tenhunen H, Heliste A, et al. (2019) Factors affecting venture funding of healthcare ai companies. In: ICIMTH, pp\u00a0268\u2013271"},{"key":"503_CR33","first-page":"87","volume-title":"International business and Europe in transition","author":"J Hamill","year":"1986","unstructured":"Hamill J, Castledine P (1986) Foreign acquisitions in the uk: impact and policy. In: International business and Europe in transition. Springer, Berlin, pp\u00a087\u2013108"},{"key":"503_CR34","volume-title":"32nd annual conference of the institute of small business and entrepreneurship annual conference","author":"M Hart","year":"2009","unstructured":"Hart M, Anyadike-Danes M, Bonner K, et al. (2009) The economic impact of high growth start-ups: understanding the challenge for policy in the uk. In: 32nd annual conference of the institute of small business and entrepreneurship annual conference"},{"issue":"1","key":"503_CR35","first-page":"177","volume":"9","author":"M Holicka","year":"2022","unstructured":"Holicka M, Vinodrai T (2022) The global geography of investment in emerging technologies: the case of blockchain firms. Reg Stud Reg Sci 9(1):177\u2013179","journal-title":"Reg Stud Reg Sci"},{"key":"503_CR36","doi-asserted-by":"publisher","first-page":"698","DOI":"10.4018\/978-1-59140-799-7.ch112","volume-title":"Encyclopedia of e-commerce, e-government, and mobile commerce","author":"HS Hwang","year":"2006","unstructured":"Hwang HS, Stewart C (2006) Lessons from dot-com boom and bust. In: Encyclopedia of e-commerce, e-government, and mobile commerce. IGI Global, pp\u00a0698\u2013702"},{"key":"503_CR37","doi-asserted-by":"publisher","first-page":"1","DOI":"10.1016\/j.physrep.2023.03.005","volume":"1017","author":"P Ji","year":"2023","unstructured":"Ji P, Ye J, Mu Y, et al. (2023) Signal propagation in complex networks. Phys Rep 1017:1\u201396","journal-title":"Phys Rep"},{"issue":"8","key":"503_CR38","doi-asserted-by":"publisher","DOI":"10.1088\/1367-2630\/10\/8\/083042","volume":"10","author":"M Kaiser","year":"2008","unstructured":"Kaiser M (2008) Mean clustering coefficients: the role of isolated nodes and leafs on clustering measures for small-world networks. New J Phys 10(8):083042","journal-title":"New J Phys"},{"issue":"2","key":"503_CR39","doi-asserted-by":"publisher","first-page":"149","DOI":"10.1080\/09537320220133839","volume":"14","author":"KH Kennedy","year":"2002","unstructured":"Kennedy KH, Payne GT, Whitehead CJ (2002) Matching industries between target and acquirer in high-tech mergers and acquisitions. Technol Anal Strateg Manag 14(2):149\u2013162","journal-title":"Technol Anal Strateg Manag"},{"key":"503_CR40","doi-asserted-by":"publisher","DOI":"10.1016\/j.techfore.2023.122614","volume":"193","author":"J Kim","year":"2023","unstructured":"Kim J, Kim H, Geum Y (2023) How to succeed in the market? Predicting startup success using a machine learning approach. Technol Forecast Soc Change 193:122614","journal-title":"Technol Forecast Soc Change"},{"issue":"2","key":"503_CR41","first-page":"37","volume":"6","author":"RG Klapper","year":"2013","unstructured":"Klapper RG, et al. (2013) Entrepreneurship education in France: a perspective of theory and practice. Am J Entrep 6(2):37\u201354","journal-title":"Am J Entrep"},{"issue":"5","key":"503_CR42","doi-asserted-by":"publisher","first-page":"604","DOI":"10.1145\/324133.324140","volume":"46","author":"JM Kleinberg","year":"1999","unstructured":"Kleinberg JM (1999) Authoritative sources in a hyperlinked environment. J ACM 46(5):604\u2013632","journal-title":"J ACM"},{"issue":"2","key":"503_CR43","doi-asserted-by":"publisher","first-page":"102","DOI":"10.3390\/businesses1020008","volume":"1","author":"C Kooli","year":"2021","unstructured":"Kooli C, Lock Son M (2021) Impact of covid-19 on mergers, acquisitions & corporate restructurings. Businesses 1(2):102\u2013114","journal-title":"Businesses"},{"key":"503_CR44","doi-asserted-by":"crossref","unstructured":"Lee Y, Geum Y (2023) Identifying patterns of mergers and acquisitions in startup: an empirical analysis using crunchbase data. IEEE Access","DOI":"10.1109\/ACCESS.2023.3270623"},{"key":"503_CR45","doi-asserted-by":"publisher","first-page":"267","DOI":"10.4324\/9781315235110-16","volume-title":"Venture capital","author":"J Lerner","year":"2022","unstructured":"Lerner J (2022) Venture capitalists and the oversight of private firms. In: Venture capital. Routledge, pp\u00a0267\u2013284"},{"issue":"3","key":"503_CR46","volume":"95","author":"JJ Lew","year":"2016","unstructured":"Lew JJ (2016) America and the global economy. Foreign Aff J 95(3):9","journal-title":"Foreign Aff J"},{"issue":"1","key":"503_CR47","doi-asserted-by":"publisher","first-page":"74","DOI":"10.1108\/IntR-09-2014-0231","volume":"26","author":"YE Liang","year":"2016","unstructured":"Liang YE, Yuan STD (2016) Predicting investor funding behavior using crunchbase social network features. Internet Res 26(1):74\u2013100","journal-title":"Internet Res"},{"key":"503_CR48","volume-title":"Exponential random graph models for social networks: theory, methods, and applications","author":"D Lusher","year":"2013","unstructured":"Lusher D, Koskinen J, Robins G (2013) Exponential random graph models for social networks: theory, methods, and applications. Cambridge University Press, Cambridge"},{"key":"503_CR49","doi-asserted-by":"crossref","unstructured":"Mulas V, Gastelu-Iturri M (2016) New York City: Transforming a City into a tech innovation leader. World Bank","DOI":"10.1596\/25753"},{"key":"503_CR50","doi-asserted-by":"publisher","DOI":"10.1093\/acprof:oso\/9780199206650.001.0001","volume-title":"Networks","author":"M Newman","year":"2010","unstructured":"Newman M (2010) Networks. Oxford University Press, London"},{"key":"503_CR51","doi-asserted-by":"publisher","first-page":"73","DOI":"10.1057\/9781137367204_6","volume-title":"International business and institutions after the financial crisis","author":"RR Nicholson","year":"2014","unstructured":"Nicholson RR, Salaber J (2014) The impact of the financial crisis on the performance of European acquisitions. In: International business and institutions after the financial crisis. Springer, Berlin, pp\u00a073\u201392"},{"key":"503_CR52","doi-asserted-by":"publisher","first-page":"99","DOI":"10.1007\/978-3-642-30287-9_11","volume-title":"Complex networks","author":"K Orman","year":"2013","unstructured":"Orman K, Labatut V, Cherifi H (2013) An empirical study of the relation between community structure and transitivity. In: Complex networks. Springer, Berlin, pp\u00a099\u2013110"},{"issue":"3","key":"503_CR53","doi-asserted-by":"publisher","first-page":"26","DOI":"10.1108\/JBS-02-2017-0022","volume":"39","author":"A Pisoni","year":"2018","unstructured":"Pisoni A, Onetti A (2018) When startups exit: comparing strategies in Europe and the usa. J Bus Strategy 39(3):26\u201333","journal-title":"J Bus Strategy"},{"issue":"11","key":"503_CR54","doi-asserted-by":"publisher","first-page":"2076","DOI":"10.1287\/mnsc.1100.1223","volume":"56","author":"S Ransbotham","year":"2010","unstructured":"Ransbotham S, Mitra S (2010) Target age and the acquisition of innovation in high-technology industries. Manag Sci 56(11):2076\u20132093","journal-title":"Manag Sci"},{"issue":"6","key":"503_CR55","doi-asserted-by":"publisher","first-page":"1243","DOI":"10.1108\/IJOEM-07-2018-0379","volume":"15","author":"RK Raut","year":"2020","unstructured":"Raut RK (2020) Past behaviour, financial literacy and investment decision-making process of individual investors. Int J Emerg Mark 15(6):1243\u20131263","journal-title":"Int J Emerg Mark"},{"issue":"3","key":"503_CR56","first-page":"257","volume":"6","author":"KS Reddy","year":"2014","unstructured":"Reddy KS, Nangia VK, Agrawal R (2014) The 2007\u20132008 global financial crisis, and cross-border mergers and acquisitions: a 26-nation exploratory study. Global J Emerg Mark Econ 6(3):257\u2013281","journal-title":"Global J Emerg Mark Econ"},{"key":"503_CR57","doi-asserted-by":"crossref","unstructured":"Retterath A, Braun R (2020) Benchmarking venture capital databases. Available at SSRN 3706108","DOI":"10.2139\/ssrn.3706108"},{"key":"503_CR58","doi-asserted-by":"publisher","first-page":"256","DOI":"10.1016\/j.socnet.2016.10.002","volume":"48","author":"J Santana","year":"2017","unstructured":"Santana J, Hoover R, Vengadasubbu M (2017) Investor commitment to serial entrepreneurs: a multilayer network analysis. Soc Netw 48:256\u2013269","journal-title":"Soc Netw"},{"issue":"2","key":"503_CR59","first-page":"1","volume":"23","author":"J Santisteban","year":"2017","unstructured":"Santisteban J, Mauricio D (2017) Systematic literature review of critical success factors of information technology startups. Acad Entrep J 23(2):1\u201323","journal-title":"Acad Entrep J"},{"issue":"2","key":"503_CR60","doi-asserted-by":"publisher","first-page":"111","DOI":"10.1177\/1476127006064065","volume":"4","author":"HA Schildt","year":"2006","unstructured":"Schildt HA, Laamanen T (2006) Who buys whom: information environments and organizational boundary spanning through acquisitions. Strateg Organ 4(2):111\u2013133","journal-title":"Strateg Organ"},{"key":"503_CR61","doi-asserted-by":"publisher","DOI":"10.1007\/978-3-319-00539-3","volume-title":"Business research methods: an applied orientation","author":"S Sreejesh","year":"2014","unstructured":"Sreejesh S, Mohapatra S, Anusree M (2014) Business research methods: an applied orientation. Springer, Berlin"},{"key":"503_CR62","doi-asserted-by":"publisher","first-page":"1163","DOI":"10.1007\/s10961-017-9646-0","volume":"44","author":"J Stayton","year":"2019","unstructured":"Stayton J, Mangematin V (2019) Seed accelerators and the speed of new venture creation. J Technol Transf 44:1163\u20131187","journal-title":"J Technol Transf"},{"key":"503_CR63","doi-asserted-by":"crossref","unstructured":"Te YF, Wieland M, Frey M, et al (2023) Making it into a successful series a funding: an analysis of crunchbase and linkedin data. J Finance Data Sci 100099","DOI":"10.1016\/j.jfds.2023.100099"},{"issue":"2","key":"503_CR64","doi-asserted-by":"publisher","first-page":"256","DOI":"10.1016\/j.jfi.2007.12.001","volume":"17","author":"VB Uysal","year":"2008","unstructured":"Uysal VB, Kedia S, Panchapagesan V (2008) Geography and acquirer returns. J Financ Intermed 17(2):256\u2013275","journal-title":"J Financ Intermed"},{"issue":"3","key":"503_CR65","doi-asserted-by":"publisher","first-page":"309","DOI":"10.1108\/SEF-01-2013-0005","volume":"31","author":"R Yaghoubi","year":"2014","unstructured":"Yaghoubi R, Locke S, Gibb J (2014) Acquisition returns: does industry matter? Stud Econ Finance 31(3):309\u2013324","journal-title":"Stud Econ Finance"},{"issue":"4","key":"503_CR66","doi-asserted-by":"publisher","DOI":"10.1016\/j.ipm.2021.102555","volume":"58","author":"K \u017bbikowski","year":"2021","unstructured":"\u017bbikowski K, Antosiuk P (2021) A machine learning, bias-free approach for predicting business success using crunchbase data. Inf Process Manag 58(4):102555","journal-title":"Inf Process Manag"},{"key":"503_CR67","doi-asserted-by":"publisher","first-page":"125","DOI":"10.1016\/j.neucom.2015.12.139","volume":"217","author":"X Zeng","year":"2016","unstructured":"Zeng X, Li Y, Leung SC, et al. (2016) Investment behavior prediction in heterogeneous information network. Neurocomputing 217:125\u2013132","journal-title":"Neurocomputing"}],"updated-by":[{"DOI":"10.1140\/epjds\/s13688-024-00509-7","type":"correction","label":"Correction","source":"publisher","updated":{"date-parts":[[2024,11,28]],"date-time":"2024-11-28T00:00:00Z","timestamp":1732752000000}}],"container-title":["EPJ Data Science"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/link.springer.com\/content\/pdf\/10.1140\/epjds\/s13688-024-00503-z.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/link.springer.com\/article\/10.1140\/epjds\/s13688-024-00503-z\/fulltext.html","content-type":"text\/html","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/link.springer.com\/content\/pdf\/10.1140\/epjds\/s13688-024-00503-z.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2024,11,29]],"date-time":"2024-11-29T08:02:03Z","timestamp":1732867323000},"score":1,"resource":{"primary":{"URL":"https:\/\/epjdatascience.springeropen.com\/articles\/10.1140\/epjds\/s13688-024-00503-z"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2024,10,24]]},"references-count":67,"journal-issue":{"issue":"1","published-online":{"date-parts":[[2024,12]]}},"alternative-id":["503"],"URL":"https:\/\/doi.org\/10.1140\/epjds\/s13688-024-00503-z","relation":{"correction":[{"id-type":"doi","id":"10.1140\/epjds\/s13688-024-00509-7","asserted-by":"object"}]},"ISSN":["2193-1127"],"issn-type":[{"value":"2193-1127","type":"electronic"}],"subject":[],"published":{"date-parts":[[2024,10,24]]},"assertion":[{"value":"8 March 2024","order":1,"name":"received","label":"Received","group":{"name":"ArticleHistory","label":"Article History"}},{"value":"21 October 2024","order":2,"name":"accepted","label":"Accepted","group":{"name":"ArticleHistory","label":"Article History"}},{"value":"24 October 2024","order":3,"name":"first_online","label":"First Online","group":{"name":"ArticleHistory","label":"Article History"}},{"value":"23 November 2024","order":4,"name":"change_date","label":"Change Date","group":{"name":"ArticleHistory","label":"Article History"}},{"value":"Update","order":5,"name":"change_type","label":"Change Type","group":{"name":"ArticleHistory","label":"Article History"}},{"value":"The original version of this article was revised due to a retrospective licence change request.","order":6,"name":"change_details","label":"Change Details","group":{"name":"ArticleHistory","label":"Article History"}},{"value":"28 November 2024","order":7,"name":"change_date","label":"Change Date","group":{"name":"ArticleHistory","label":"Article History"}},{"value":"Correction","order":8,"name":"change_type","label":"Change Type","group":{"name":"ArticleHistory","label":"Article History"}},{"value":"A Correction to this paper has been published:","order":9,"name":"change_details","label":"Change Details","group":{"name":"ArticleHistory","label":"Article History"}},{"value":"https:\/\/doi.org\/10.1140\/epjds\/s13688-024-00509-7","URL":"https:\/\/doi.org\/10.1140\/epjds\/s13688-024-00509-7","order":10,"name":"change_details","label":"Change Details","group":{"name":"ArticleHistory","label":"Article History"}},{"order":1,"name":"Ethics","group":{"name":"EthicsHeading","label":"Declarations"}},{"value":"The authors declare that they have no competing interests.","order":2,"name":"Ethics","group":{"name":"EthicsHeading","label":"Competing interests"}}],"article-number":"64"}}