New Integration Strategies for Post-Acquisition Management

被引:109
作者
Angwin, Duncan N. [1 ,2 ,3 ]
Meadows, Maureen [4 ,5 ]
机构
[1] Oxford Brookes Univ, Strategy, Oxford OX3 0BP, England
[2] Univ Oxford, Said Business Sch, Oxford OX1 2JD, England
[3] Univ Warwick, Warwick Business Sch, Coventry CV4 7AL, W Midlands, England
[4] Open Univ, Management, Milton Keynes, Bucks, England
[5] Open Univ, Business Sch, Dept Strategy & Mkt, Milton Keynes, Bucks, England
关键词
CLUSTER-ANALYSIS; ACQUISITION; PERFORMANCE; MERGERS; KNOWLEDGE; CAPABILITIES; AUTONOMY; FIRM; ACQUIRERS; SUCCESS;
D O I
10.1016/j.lrp.2014.04.001
中图分类号
F [经济];
学科分类号
02 ;
摘要
The post-acquisition integration phase is widely recognized as critical to the M&A process. However post-acquisition typologies suffer from inadequate empirical support or lack of comprehensiveness. This empirical paper responds to calls for methodological pluralism in M&A research, and uses a mixed method to assess the robustness of a leading post-acquisition integration typology. Through multiple cluster analyses, different post-acquisition strategies are identified and qualitative techniques allow them to be further explored. This approach overcomes some limitations of single method research in M&A and results in a more robust, fine-grained and extended post-acquisition typology. It enables a more nuanced perspective on the coexistence of exploration and exploitation gains with implications for practitioners and researchers. (C) 2014 Elsevier Ltd. All rights reserved.
引用
收藏
页码:235 / 251
页数:17
相关论文
共 97 条
[1]  
ALDENDERFER MS, 1984, Cluster Analysis, DOI DOI 10.4135/9781412983648
[2]   Agent or steward: The target CEO in a hostile takeover - Can a condemned agent be redeemed? [J].
Angwin, D ;
Stern, P ;
Bradley, S .
LONG RANGE PLANNING, 2004, 37 (03) :239-257
[3]  
Angwin D., 2004, EUR MANAG J, V22, P418, DOI DOI 10.1016/J.EMJ.2004.06.005
[4]  
Angwin D N., 2012, Oxford Handbook of Mergers and Acquisitions
[5]  
Angwin D, 2012, J GEN MANAG, V38, P1
[6]   The Choice of Insider or Outsider Top Executives in Acquired Companies [J].
Angwin, Duncan N. ;
Meadows, Maureen .
LONG RANGE PLANNING, 2009, 42 (03) :359-389
[7]  
[Anonymous], MANAGING ACQUISITION
[8]  
[Anonymous], ADV MERGERS IN PRESS
[9]  
[Anonymous], 2011, BLOOMBERG
[10]  
[Anonymous], THE GEN MANAGERS