The function-specific microfoundations of dynamic capabilities in cross-border mergers and acquisitions

Haapanen, Lauri; Hurmelinna‐Laukkanen, Pia; Nikkilä, Sakari; Paakkolanvaara, Pertti

doi:10.1016/j.ibusrev.2019.03.002

Cited by 37 publications

(17 citation statements)

References 116 publications

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“…Second, many factors affecting M&A performance could be included in future research, which could adopt statistical modeling, such as multivariate regression. Factors such as country‐level institutional or cultural distance (Meyer & Peng, 2005; Nicholson & Salaber, 2013), and target firm status and absorptive capability (Dikova, Rao, & Van Witteloostuijn, 2010; Haapanen, Hurmelinna‐Laukkanen, Nikkilä, & Paakkolanvaara, 2019; Lebedev et al, 2015; Xie & Li, 2013) should be considered. Family ownership and business group affiliation could also be examined in future research.…”

Section: Discussionmentioning

confidence: 99%

The post‐acquisition performance of cross‐border mergers and acquisitions conducted by Chinese firms in the high‐tech industries: Profitable or innovative?

Yang

2021

Thunderbird Intl Bus Rev

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This article examines the characteristics and performance of cross‐border mergers and acquisitions (M&As) conducted by Chinese firms in the high‐tech industries. Multiple measures of firm performance were used in exploring the profitability and innovativeness of both the acquiring and target firms. With 1,340 cross‐border M&As completed between 1990 and 2014, the major characteristics of these deals (e.g., industries of acquiring firms, countries of target firms, and the level of ownership) were identified. In terms of the performance of acquiring and target firms, the value creation hypothesis was supported by the innovation measure; however, it was not supported by accounting‐based measures. The implications of this study and directions for future research are thus discussed.

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Section: Discussionmentioning

confidence: 99%

The post‐acquisition performance of cross‐border mergers and acquisitions conducted by Chinese firms in the high‐tech industries: Profitable or innovative?

Yang

2021

Thunderbird Intl Bus Rev

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“…Most importantly, it points to the significance of entrepreneurial, proactive behavior that shapes the traces the enterprise leaves in the market (Augier & Teece, 2007). A very recent study by Haapanen et al (2019) demonstrates the significance of DCs for the success of cross‐border M&As. The study argues that the microfoundations of DCs have an important impact on the success of cross‐border M&As through the integration process.…”

Section: And African Emnes' Cross‐border Mandas: a Frameworkmentioning

confidence: 99%

“…It is noteworthy that in addition to the organizational‐level factors, the managerial‐level factors have been found to be critical in connection to DCs as well as to cross‐border M&As. Haapanen, Hurmelinna‐Laukkanen, Nikkilä, and Paakkolanvaara (2019) argue that the manager's ability to comprehend alignments and/or disparities between the units of merging companies is a highly significant factor in the integration process, and hence, this has important implications for M&A success.…”

Section: Dcs In the Context Of African Emnes' Cross‐border Mandasmentioning

confidence: 99%

Understanding cross‐border mergers and acquisitions of African firms: The role of dynamic capabilities in enabling competitiveness amidst contextual constraints

Degbey

Eriksson

Rodgers

et al. 2020

Thunderbird Intl Bus Rev

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This article builds on existing international business literature that examines the drivers of cross-border mergers and acquisitions (M&As) within emerging and developing economy contexts, theoretically exploring how dynamic capabilities (DCs) are connected to these drivers, and how African emerging multinational enterprises (EMNEs) can pursue them to achieve competitiveness. The article's contribution is the development of a DC framework and testable propositions for African EMNEs' cross-border M&As. The theoretical framework shows the division of DC dimensions-sensing, seizing, and transforming-and establishes explanations for their linkage with institutional and resource drivers for African EMNEs' cross-border M&A competitiveness. In addition, the article outlines managerial implications to this effect. Overall, the article contributes to the emerging literature on the international expansion of African EMNEs through cross-border M&As by underscoring the role of DCs.

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“…Cross-border M&As can provide opportunities and huge challenges for MNCs (Fuad and Gaur, 2019). Existing studies argued that MNCs frequently encountered various challenges such as post-merger integration (Bauer et al , 2018; Haapanen et al , 2019), human resource management (Liu and Meyer, 2020; Tarba et al , 2020), contextual differences (Ai and Tan, 2020; Li et al , 2016; Bauer et al , 2016) and organizational change (Xi et al , 2020). A considerable body of literature aimed to facilitate knowledge transfer by addressing these challenges.…”

Section: Theoretical Foundation and Frameworkmentioning

confidence: 99%

The effects of inter-organizational compatibility on knowledge transfer in cross-border M&As

Wang

et al. 2021

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PurposeThe study adopts congruence theory to explore the structure of inter-organizational compatibility and its structural effects on knowledge transfer in cross-border merger and acquisitions (M&As).Design/methodology/approachThis paper built a moderated-mediation model that presented the relationship between inter-organizational compatibility and knowledge transfer. Regression analysis was conducted with 182 samples from China to examine the model and hypotheses.FindingsThe results indicate that inter-organizational compatibility is a four-dimensional construct comprising culture, strategy, routine and knowledge. Additionally, inter-organizational compatibility has structural effects on knowledge transfer. Specifically, routine compatibility mediates the relationships between cultural compatibility and knowledge transfer and between strategic compatibility and knowledge transfer. Moreover, the mediating roles are moderated by knowledge compatibility.Originality/valueThis study updates the construct and provides a comprehensive and fresh understanding of inter-organizational compatibility. Additionally, it presents the structural effects of inter-organizational compatibility on knowledge transfer.

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The function-specific microfoundations of dynamic capabilities in cross-border mergers and acquisitions

Cited by 37 publications

References 116 publications

The post‐acquisition performance of cross‐border mergers and acquisitions conducted by Chinese firms in the high‐tech industries: Profitable or innovative?

The post‐acquisition performance of cross‐border mergers and acquisitions conducted by Chinese firms in the high‐tech industries: Profitable or innovative?

Understanding cross‐border mergers and acquisitions of African firms: The role of dynamic capabilities in enabling competitiveness amidst contextual constraints

The effects of inter-organizational compatibility on knowledge transfer in cross-border M&As

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