Antecedents of Cross-Border Acquisition Performance: Implementation Issues

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Abstract

This study investigates the impacts of main implementation activities on the success of cross-border acquisitions (CBAs), using survey data from a sample of 103 CBAs conducted by the companies in Nordic countries. The results of OLS regression analysis indicate that due diligence, integration extent, and retention of key employees are significant positive determinants of CBA success, while premium has significant negative impact. Besides, it is interesting to find that temporal lag (that is, the time span between the closing a deal and the start of the integration) has significant positive impact on the success, while acquisition experience exerts negative effect. However, the evidence does not support that planning and coordination will contribute to CBA performance. Taking a process perspective, this study specially focuses on the main implementation activities during acquisition process, with the aim to empirically investigate their relative importance and joint effect on the performance of cross-border acquisitions. Such integrative understanding of how and why these actions explain acquisition success also yields important implications for managers.
OriginalsprogEngelsk
TitelValue Creation in Internationale Business : An MNC Perspective
RedaktørerSvetla Marinov, Jorma Larimo, Niina Nummela
Vol/bind1
ForlagSpringer
Publikationsdato2017
Sider237-277
Kapitel9
ISBN (Trykt)978-3-319-30802-9
ISBN (Elektronisk)978-3-319-30803-6
DOI
StatusUdgivet - 2017

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