What drives integration teams to achieve high integration process performance in absorption acquisitions? A configurational analysis

IF 7.4 2区 管理学 Q1 BUSINESS
Norbert Steigenberger , Mark Ebers
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引用次数: 2

Abstract

Integration process performance, capturing the extent to which integration teams realize their integration milestones, is significant in absorption acquisitions, because it constitutes an important intermediate step towards eventual M&A performance. Still, we know little about the conditions that motivate and enable integration teams to attain the goals of the post-acquisition integration process. Based on goal-setting theory, we suggest that integration process performance in absorption acquisitions depends on the fit among the ambitiousness of the cost and growth goals with which an integration team is tasked, the ampleness of integration team staffing, and the extent to which target firm employees are involved in integration planning. Fuzzy-set Comparative Analyses of 199 integration teams in 23 absorption acquisitions reveal three distinct configurations of these conditions that can engender high integration process performance. The results of this study extend research on post-acquisition integration by offering theory and fine-grained empirical evidence at the task-level of the integration process and provide helpful guidelines for managerial practice in acquisition integration in absorption acquisitions. We further outline the potential of configurational reasoning for the analysis of mergers and acquisitions, as a way to methodologically rejuvenate the field.

是什么驱动集成团队在吸收式收购中实现高集成流程性能?构型分析
集成过程性能,捕获集成团队实现其集成里程碑的程度,在吸收收购中是重要的,因为它构成了朝向最终的M&A性能的重要中间步骤。然而,我们对激励并使集成团队能够实现收购后集成过程目标的条件知之甚少。基于目标设定理论,我们认为吸收式收购中的整合过程绩效取决于整合团队所承担的成本目标和增长目标之间的契合程度、整合团队人员配备的充足程度以及目标公司员工参与整合规划的程度。对23项吸收性收购中的199个整合团队的模糊集比较分析揭示了这些条件的三种不同配置,这些条件可以产生高的整合过程绩效。本研究结果在任务层面提供了整合过程的理论和细粒度的经验证据,拓展了并购后整合的研究,并为吸收收购中收购整合的管理实践提供了有益的指导。我们进一步概述了组合推理对并购分析的潜力,作为一种在方法论上振兴该领域的方法。
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来源期刊
CiteScore
13.00
自引率
7.10%
发文量
75
期刊介绍: Long Range Planning (LRP) is an internationally renowned journal specializing in the field of strategic management. Since its establishment in 1968, the journal has consistently published original research, garnering a strong reputation among academics. LRP actively encourages the submission of articles that involve empirical research and theoretical perspectives, including studies that provide critical assessments and analysis of the current state of knowledge in crucial strategic areas. The primary user base of LRP primarily comprises individuals from academic backgrounds, with the journal playing a dual role within this community. Firstly, it serves as a platform for the dissemination of research findings among academic researchers. Secondly, it serves as a channel for the transmission of ideas that can be effectively utilized in educational settings. The articles published in LRP cater to a diverse audience, including practicing managers and students in professional programs. While some articles may focus on practical applications, others may primarily target academic researchers. LRP adopts an inclusive approach to empirical research, accepting studies that draw on various methodologies such as primary survey data, archival data, case studies, and recognized approaches to data collection.
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