{"title":"Springboarding and activity load: Constraints on managerial attention and dependency on advisory firms in cross-border acquisitions","authors":"Manish Popli , Faisal Mohammad Ahsan","doi":"10.1016/j.intman.2024.101121","DOIUrl":null,"url":null,"abstract":"<div><p>In this study, we aim to better understand the springboard perspective by examining how emerging market firms manage the process of ‘recursive’ cross-border acquisitions. Based on the attention-based view of the firm and resource dependence theory, we propose that ‘recursive’ CBAs augment activity load, limiting decision-makers' information processing capacity. As a result, acquiring firms depend on external resources in the form of more professional advisors. This relationship strengthens when the target firm has a greater degree of product diversity but weakens when the acquiring firm has context-specific experience. From 2000 to 2022, we used a multi-country sample of 2621 CBAs from Brazil, Russia, India, China, and South Africa and found support for our hypotheses.</p></div>","PeriodicalId":47937,"journal":{"name":"Journal of International Management","volume":"30 2","pages":"Article 101121"},"PeriodicalIF":5.9000,"publicationDate":"2024-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of International Management","FirstCategoryId":"91","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1075425324000024","RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"MANAGEMENT","Score":null,"Total":0}
引用次数: 0
Abstract
In this study, we aim to better understand the springboard perspective by examining how emerging market firms manage the process of ‘recursive’ cross-border acquisitions. Based on the attention-based view of the firm and resource dependence theory, we propose that ‘recursive’ CBAs augment activity load, limiting decision-makers' information processing capacity. As a result, acquiring firms depend on external resources in the form of more professional advisors. This relationship strengthens when the target firm has a greater degree of product diversity but weakens when the acquiring firm has context-specific experience. From 2000 to 2022, we used a multi-country sample of 2621 CBAs from Brazil, Russia, India, China, and South Africa and found support for our hypotheses.
期刊介绍：
The Journal of International Management is devoted to advancing an understanding of issues in the management of global enterprises, global management theory, and practice; and providing theoretical and managerial implications useful for the further development of research. It is designed to serve an audience of academic researchers and educators, as well as business professionals, by publishing both theoretical and empirical research relating to international management and strategy issues. JIM publishes theoretical and empirical research addressing international business strategy, comparative and cross-cultural management, risk management, organizational behavior, and human resource management, among others.
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