Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Attributional tendencies in cultural explanations of M&A performance
AU - Vaara, Eero
AU - Junni, Paulina
AU - Sarala, Riikka M.
AU - Ehrnrooth, Mats
AU - Koveshnikov, Alexei
PY - 2014
Y1 - 2014
N2 - This paper focuses on managers' attributions of M&A performance. Our analysis indicates that there is a linear association between performance and attributions to cultural differences, which is moderated by prior experience. Furthermore, our results suggest that there is a curvilinear association between performance and attributions to managers' actions, but we found no support for the moderating effect of experience for this association. By substantiating these attributional tendencies, our results contribute to research on M&As and studies on attribution more generally. In particular, our study helps to put cultural differences in perspective and cautions researchers and practitioners alike to avoid simplistic explanations of M&A performance.
AB - This paper focuses on managers' attributions of M&A performance. Our analysis indicates that there is a linear association between performance and attributions to cultural differences, which is moderated by prior experience. Furthermore, our results suggest that there is a curvilinear association between performance and attributions to managers' actions, but we found no support for the moderating effect of experience for this association. By substantiating these attributional tendencies, our results contribute to research on M&As and studies on attribution more generally. In particular, our study helps to put cultural differences in perspective and cautions researchers and practitioners alike to avoid simplistic explanations of M&A performance.
KW - merger
KW - acquisition
KW - culture
KW - attribution
KW - integration
U2 - 10.1002/smj.2163
DO - 10.1002/smj.2163
M3 - Journal article
VL - 35
SP - 1302
EP - 1317
JO - Strategic Management Journal
JF - Strategic Management Journal
SN - 0143-2095
IS - 9
ER -