Repsol Meets YPF: Displaying Competence in Cross-Border M&amp;A Press Releases

Vandenberghe, Jasper

doi:10.1177/0021943611414686

Cited by 10 publications

(4 citation statements)

References 37 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…For instance, recent studies have used the case research method for various tasks and thereby blended the analysis using not only primary data but also linking with the secondary data (media texts) (e.g. Babić et al , 2014; Child and Tsai, 2005; Geppert et al , 2013; Halsall, 2008; Kim and Lu, 2013; Riad and Vaara, 2011; Serdar Dinc and Erel, 2013; Reddy, 2015b; Tienari et al , 2003; Vandenberghe, 2011; Wan, 2014; Wan and Wong, 2009). Some studies discuss case analysis based on published cases (Conklin, 2005).…”

Section: Research Design: a Multi-case Studymentioning

confidence: 99%

The causes and consequences of delayed/abandoned cross-border merger & acquisition transactions

Reddy

Xie

Huang

2016

JOCM

View full text Add to dashboard Cite

Purpose Drawing attention to the significant number of unsuccessful (abandoned) cross-border merger and acquisition (M&A) transactions in recent years, the purpose of this paper is to analyze three litigated cross-border inbound acquisitions that associated with an emerging economy – India, such as Vodafone-Hutchison and Bharti Airtel-MTN deals in the telecommunications industry, and Vedanta-Cairn India deal in the oil and gas exploration industry. The study intends to explore how do institutional and political environments in the host country affect the completion likelihood of cross-border acquisition negotiations. Design/methodology/approach Nested within the interdisciplinary framework, the study adopts a legitimate method in qualitative research, that is, case study method, and performs a unit of analysis and cross-case analysis of sample cases. Findings The critical analysis suggests that government officials’ erratic nature and ruling political party intervention have detrimental effects on the success of Indian-hosted cross-border deals with higher bid value, listed target firm, cash payment, and stronger government control in the target industry. The findings emerge from the cross-case analysis of sample cases contribute to the Lucas paradox – why does not capital flow from rich to poor countries and interdisciplinary M&A literature on the completion likelihood of international takeovers. Practical implications The findings have several implications for multinational managers who typically involve in cross-border negotiations. The causes and consequences of sample cases would help develop economy firms who intend to invest in emerging economies. The study also offers some implications of M&A for telecommunications and extractive industries. Originality/value Although a huge amount of extant research investigates why M&A fail to create value to the shareholders during the public announcement and post-merger stages, there is a significant dearth of research on the causes and consequences of delayed or abandoned national and international deals. The paper fills this knowledge gap by discussing an in-depth cross-case analysis of Indian-hosted cross-border acquisitions.

show abstract

Section: Research Design: a Multi-case Studymentioning

confidence: 99%

The causes and consequences of delayed/abandoned cross-border merger & acquisition transactions

Reddy

Xie

Huang

2016

JOCM

View full text Add to dashboard Cite

show abstract

“…The tone of press releases on company earnings has a direct effect on investors and, through them, on market reactions (Henry, 2008) and stock returns (Cuellar-Fernández, Fuertes-Callén, & Laínez-Gadea, 2010). The use of persuasive strategies in press releases has been shown to be successful in merger and acquisition cases (Vandenberghe, 2011) and in the context of hostile takeovers (Ohl, Pincus, Rimmer, & Harrison, 1995). Corporate influence wanes during conflicts on health issues (Andsager & Smiley, 2005).…”

Section: What Corporations Domentioning

confidence: 99%

The co-production of business news and its effects: The corporate framing mediated-moderation model

Verhoeven

2016

Public Relations Review

View full text Add to dashboard Cite

Corporations serve as an important news source for journalists. Media relations have long been considered a key facet of public relations (PR). This study presents scientific literature on businesses and news media published between 1963 and 2013 and models what corporations say to journalists, how they present what they say, the relationship between PR professionals and journalists and what journalists report about corporations and consequent effects on the public. A total of 217 empirical studies are categorized and synthesized into a corporate framing mediated-moderation model, which considers both the mediating factor of relationships between PR professionals and journalists and the moderating factors of culture, the sector and the PR profession.

show abstract

“…743-744). In essence, these texts tend to "contain a mix of both informative and persuasive elements …" (Vandenberghe, 2011).…”

Section: Triangulationmentioning

confidence: 99%

The State of Case Study Research in Mergers & Acquisitions: A Review of the Literature in Different Management Streams

Reddy

2015

SSRN Journal

View full text Add to dashboard Cite

Purpose: The purpose of this paper is to explore the state of case study research in mergers and acquisitions (M&A) literature that account for different management streams. It also recommends directions for future research and suggests fruitful guidelines for establishing better research rigor in qualitative methods.Methodology: This study draws attention to the case study method in qualitative research and thereby aims to review previous studies using said approach in M&A related literature. Findings:The main findings include, 57 journal articles are found to be using different qualitative methods of which 40 (17) articles have focused on developed (emerging) markets, single (multiple) case based studies are 29 (24) and remaining four have used survey and interview methods.Importantly, a meager number of studies have accomplished the purpose of case study research in business administration, i.e. testing extant theory and building new theory. Albeit, doing case study research among emerging markets is exiting and these institutional countries provide a unique setting to build theory as well as advance the current knowledge because of increasing prospects for M&A and other growth strategies. Research limitations:This stylized review of case study research in M&A literature is limited to journal publications and qualitative methods. Hence, a survey of qualitative and quantitative methods in growth strategies is left to future research. Practical implications:Qualitative researchers, in general, would benefit from the bibliometric analysis and comprehensive summary of past research. While, case study researchers, in particular, would benefit not only form the later content but also from suggestions reflecting the research quality and validity.Originality: This study, indeed, is an original attempt at presenting the current state and review of case study method in M&A research, provided no earlier study claims this.

show abstract

Repsol Meets YPF: Displaying Competence in Cross-Border M&A Press Releases

Cited by 10 publications

References 37 publications

The causes and consequences of delayed/abandoned cross-border merger & acquisition transactions

The causes and consequences of delayed/abandoned cross-border merger & acquisition transactions

The co-production of business news and its effects: The corporate framing mediated-moderation model

The State of Case Study Research in Mergers & Acquisitions: A Review of the Literature in Different Management Streams

Contact Info

Product

Resources

About