Mergers and Acquisitions Creating Integrative Knowledge

by Pablo, Amy L.; Javidan, Mansour

• ISBN13: 9781405116237
• ISBN10: 1405116234
• Edition: 1st
• Format: Hardcover
• Copyright: 2004-06-07
• Publisher: Wiley-Blackwell

Summary

This book reviews both successful and unsuccessful mergers and acquisitions, exploring the reasons why so many fail to live up to expectations. An exploration of why mergers and acquisitions succeed or fail, based on rigorous scholarly research. Stretches the boundaries of what we know about these complex phenomena. Presents original ideas about the merger and acquisition strategy, the effects of mergers and acquisitions on performance, and the critical processes involved in implementation and integration. Explores new areas, such as the role of culture and leadership, and the importance of knowledge transfer and learning. Includes contributions from both highly respected scholars and up-and-coming stars in the field.

Author Biography

Amy L. Pablo is Associate Professor of Strategic Management in the Haskayne School of Business at the University of Calgary.

Mansour Javidan is Professor of Strategic Management and Chair of the Department of Strategy and Global Management in the Haskayne School of Business at the University of Calgary.

Table of Contents

List of Figures	ix
List of Tables	x
List of Contributors	xi
Introduction	xiv
Amy L. Pablo and Mansour Javidan
Part I M&A Performance
1 The Secrets of Merger and Acquisition Success: A Co-Competence and Motivational Approach to Synergy Realization	3	(17)
Rikard Larsson, Kenneth R. Brousseau, Michael J. Driver, Patrick L. Sweet
Introduction	3	(2)
Synergy Factors that Transcend the Performance Controversy	5	(6)
A Co-Competence and Motivational Approach to Acculturation in M&A	11	(1)
A Co-Competence and Motivational Approach to Communication in M&A	11	(3)
A Co-Competence and Motivational Approach to Career Development in M&A	14	(2)
Conclusion	16	(4)
2 Mind the Gap: Key Success Factors in Cross-Border Acquisitions	20	(25)
Noa Erez-Rein, Miriam Erez, Shlomo Maital
Introduction	20	(2)
Review of the Literature	22	(4)
Method	26	(3)
Findings	29	(8)
Discussion	37	(8)
Part II M&A Strategy
3 Cross-Border Mergers and Acquisitions: Challenges and Opportunities	45	(15)
Michael Hitt, Vincenzo Pisano
Introduction	45	(1)
Opportunities	46	(3)
Challenges in Cross-Border Acquisitions	49	(3)
Making Cross-Border Mergers and Acquisitions Work	52	(3)
Conclusions and Future Research	55	(5)
4 Firm Competitiveness and Acquisition: The Role of Competitive Strategy and Operational Effectiveness in M&A	60	(22)
Paul A. Mudde, Thomas Brush
Introduction	60	(2)
Previous Empirical Research	62	(3)
Theory and Hypotheses Development	65	(4)
Model and Sample Description	69	(2)
Results	71	(4)
Discussion and Conclusions	75	(7)
5 Acquisition of Entrepreneurial Firms: How Private and Public Targets Differ	82	(23)
Jung-Chin Shen, Jeffrey J. Reuer
Introduction	82	(2)
Background Literature	84	(2)
Theory and Hypotheses	86	(4)
Methods	90	(5)
Results	95	(2)
Discussion	97	(8)
Part III Merger Implementation and Integration
6 The Role of the Corporate Academy in Mergers and Acquisitions	105	(8)
L. Todd Thomas, Shlomo Ben-Hur
Introduction	105	(1)
Corporate Academies in M&A	106	(5)
Conclusion	111	(2)
7 Managing the Acquisition Process: Do Differences Actually Exist Across Integration Approaches?	113	(22)
Kimberly M. Ellis
Introduction	113	(2)
Integration Approaches	115	(4)
Purpose of Study	119	(1)
Methodology	120	(3)
Results	123	(3)
Discussion	126	(3)
Conclusion	129	(6)
Part IV M&A Knowledge Transfer and Learning
8 Mergers and Acquisitions in Technology-Intensive Industries: The Emergent Process of Knowledge Transfer	135	(21)
Danna Greenberg, P.J. Guinan
Introduction	135	(1)
Literature Review	136	(4)
Methodology	140	(2)
Results	142	(9)
Discussion	151	(5)
9 Does It Pay to Capture Intangible Assets Through Mergers and Acquisitions?	156
Asli Musaoglu Arikan
Theoretical Background and Hypotheses	157	(3)
Methodology	160	(9)
Results	169	(5)
Discussion	174	(7)
Part V Culture and Leadership in M&As
10 Leadership and the M&A Process	181	(13)
Sim B. Sitkin, Amy L. Pablo
Introduction	181	(1)
Attention to Leadership in the M&A Literature	182	(4)
A Leadership Framework Applied to the M&A Process	186	(5)
Discussion	191	(1)
Conclusion	191	(3)
11 The Role of CEO Charismatic Leadership in the Effective Implementation of Mergers and Acquisitions	194	(18)
David A. Waldman
Introduction	194	(2)
CEO Charismatic Leadership in an M&A Implementation	196	(3)
Organizational and Cultural Integration	199	(10)
Conclusions	209	(3)
12 The Impact of Perceived Uncertainty on Culture Differences in the Post-Acquisition Process to Strategy Realization	212	(23)
Vera Hartog
Introduction	212	(1)
Impact of Culture on the Post-Acquisition Integration Process	213	(6)
Hypotheses	219	(1)
Methodology	219	(5)
Results	224	(2)
Discussion and Implications	226	(9)
Part VI Research in M&As
13 When We Study M&A, What Are We Learning?	235	(10)
Joseph L. Bower
Introduction	235	(3)
Research on M&A	238	(3)
Conclusion	241	(4)
14 Where We've Been and Where We're Going	245	(17)
Mansour Javidan, Amy L. Pablo, Harbir Singh, Michael Hitt, David Jemison
Where We've Been...	245	(7)
Where We're Going...	252	(10)
Index	262