TY - JOUR AB - Purpose The purpose of this paper is to analyze corporate scope decisions in acquisitions with a focus on the relationship between target country unfamiliarity and acquirer-to-target relatedness and on the moderating effects played by product diversification and international experience.Design/methodology/approach Using a dataset of 689 acquisitions completed in the period 2007-2013 by acquirers located in 60 countries, this paper utilizes an ordered logistic regression analysis.Findings With greater target country unfamiliarity, acquirers are encouraged to pursue greater acquirer-to-target relatedness. This finding suggests that acquirers tend to seek a balance between product and international diversification to reduce the sources of uncertainty in their acquisition moves. While past international experience strengthens this relationship, diversification experience has a negative moderating effect and hence encourages acquirers to reduce relatedness at increasing market unfamiliarity.Originality/value The originality of this paper is twofold. First, the authors extend the traditional internationalization-diversification framework to an unfamiliarity-relatedness relationship in the context of acquisitions. Second, the authors propose a construct of target country unfamiliarity in acquisitions that goes beyond the traditional domestic vs cross-border dichotomy by including previous experience in the target country. VL - 55 IS - 5 SN - 0025-1747 DO - 10.1108/MD-12-2015-0607 UR - https://doi.org/10.1108/MD-12-2015-0607 AU - Galavotti Ilaria AU - Depperu Donatella AU - Cerrato Daniele PY - 2017 Y1 - 2017/01/01 TI - Acquirer-to-target relatedness and target country unfamiliarity in acquisitions: The role of product diversification and international experience T2 - Management Decision PB - Emerald Publishing Limited SP - 892 EP - 914 Y2 - 2024/03/28 ER -