Antecedents of Cross-Border Acquisition Performance: Implementation Issues

Daojuan Wang, Hamid Moini, John Ernest Kuada

Research output: Contribution to book/anthology/report/conference proceedingBook chapterResearchpeer-review

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.
Original languageEnglish
Title of host publicationValue Creation in Internationale Business : An MNC Perspective
EditorsSvetla Marinov, Jorma Larimo, Niina Nummela
Volume1
PublisherSpringer
Publication date2017
Pages237-277
Chapter9
ISBN (Print)978-3-319-30802-9
ISBN (Electronic)978-3-319-30803-6
DOIs
Publication statusPublished - 2017

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Cross-border acquisitions
Lag
Regression analysis
Survey data
Relative importance
Managers
Employees
Nordic countries
Premium
Planning
Due diligence

Cite this

Wang, D., Moini, H., & Kuada, J. E. (2017). Antecedents of Cross-Border Acquisition Performance: Implementation Issues. In S. Marinov, J. Larimo, & N. Nummela (Eds.), Value Creation in Internationale Business: An MNC Perspective (Vol. 1, pp. 237-277). Springer. https://doi.org/10.1007/978-3-319-30803-6_9
Wang, Daojuan ; Moini, Hamid ; Kuada, John Ernest. / Antecedents of Cross-Border Acquisition Performance : Implementation Issues. Value Creation in Internationale Business: An MNC Perspective. editor / Svetla Marinov ; Jorma Larimo ; Niina Nummela. Vol. 1 Springer, 2017. pp. 237-277
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Wang, D, Moini, H & Kuada, JE 2017, Antecedents of Cross-Border Acquisition Performance: Implementation Issues. in S Marinov, J Larimo & N Nummela (eds), Value Creation in Internationale Business: An MNC Perspective. vol. 1, Springer, pp. 237-277. https://doi.org/10.1007/978-3-319-30803-6_9

Antecedents of Cross-Border Acquisition Performance : Implementation Issues. / Wang, Daojuan; Moini, Hamid; Kuada, John Ernest.

Value Creation in Internationale Business: An MNC Perspective. ed. / Svetla Marinov; Jorma Larimo; Niina Nummela. Vol. 1 Springer, 2017. p. 237-277.

Research output: Contribution to book/anthology/report/conference proceedingBook chapterResearchpeer-review

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Wang D, Moini H, Kuada JE. Antecedents of Cross-Border Acquisition Performance: Implementation Issues. In Marinov S, Larimo J, Nummela N, editors, Value Creation in Internationale Business: An MNC Perspective. Vol. 1. Springer. 2017. p. 237-277 https://doi.org/10.1007/978-3-319-30803-6_9