Springboarding and activity load: Constraints on managerial attention and dependency on advisory firms in cross-border acquisitions

IF 5.9 2区 管理学 Q1 MANAGEMENT
Manish Popli , Faisal Mohammad Ahsan
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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.

跳板和活动负荷:跨国收购中管理者注意力的限制和对咨询公司的依赖
在本研究中,我们旨在通过考察新兴市场企业如何管理 "递归 "跨境收购过程,更好地理解跳板视角。基于基于注意力的企业观和资源依赖理论,我们提出 "递归 "CBA增加了活动负荷,限制了决策者的信息处理能力。因此,收购企业依赖于外部资源,即更多的专业顾问。当目标企业的产品多样性程度较高时,这种关系就会加强,而当收购企业拥有特定背景经验时,这种关系就会减弱。从 2000 年到 2022 年,我们使用了来自巴西、俄罗斯、印度、中国和南非的 2621 个 CBA 多国样本,结果发现我们的假设得到了支持。
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来源期刊
自引率
9.80%
发文量
67
审稿时长
81 days
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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