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Antecedents of M&A success: The role of strategic complementarity, cultural fit, and degree and speed of integration

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Antecedents of M&A success: The role of strategic complementarity, cultural fit, and degree and speed of integration. / Bauer, Florian; Matzler, Kurt.
In: Strategic Management Journal, Vol. 35, No. 2, 02.2014, p. 269-291.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Bauer, F & Matzler, K 2014, 'Antecedents of M&A success: The role of strategic complementarity, cultural fit, and degree and speed of integration', Strategic Management Journal, vol. 35, no. 2, pp. 269-291. https://doi.org/10.1002/smj.2091

APA

Bauer, F., & Matzler, K. (2014). Antecedents of M&A success: The role of strategic complementarity, cultural fit, and degree and speed of integration. Strategic Management Journal, 35(2), 269-291. https://doi.org/10.1002/smj.2091

Vancouver

Bauer F, Matzler K. Antecedents of M&A success: The role of strategic complementarity, cultural fit, and degree and speed of integration. Strategic Management Journal. 2014 Feb;35(2):269-291. Epub 2013 Feb 1. doi: 10.1002/smj.2091

Author

Bauer, Florian ; Matzler, Kurt. / Antecedents of M&A success : The role of strategic complementarity, cultural fit, and degree and speed of integration. In: Strategic Management Journal. 2014 ; Vol. 35, No. 2. pp. 269-291.

Bibtex

@article{b703558be2264d478046a85fdf6c4fb2,
title = "Antecedents of M&A success: The role of strategic complementarity, cultural fit, and degree and speed of integration",
abstract = "In this paper, we develop a comprehensive model of M&A success. We integrate fundamental constructs of different schools and discuss their interdependencies with M&A success. Our theoretical framework was tested empirically across a sample of 106 SME transactions in the machinery, electronic, and logistic industries in the German-speaking part of Central Europe. The results of our study support the demand for an integrative perspective and theory on M&A. M&A success is a function of strategic complementarity, cultural fit, and the degree of integration. Strategic complementarity also positively influences cultural fit and the degree of integration. Cultural fit positively influences M&A success, but surprisingly has a negative impact on the speed and degree of integration. The degree of integration is positively related to speed of integration.",
keywords = "M&A, M&A success, cultural compatibility, post-merger integration, strategic complementarity",
author = "Florian Bauer and Kurt Matzler",
year = "2014",
month = feb,
doi = "10.1002/smj.2091",
language = "English",
volume = "35",
pages = "269--291",
journal = "Strategic Management Journal",
issn = "0143-2095",
publisher = "John Wiley and Sons Ltd",
number = "2",

}

RIS

TY - JOUR

T1 - Antecedents of M&A success

T2 - The role of strategic complementarity, cultural fit, and degree and speed of integration

AU - Bauer, Florian

AU - Matzler, Kurt

PY - 2014/2

Y1 - 2014/2

N2 - In this paper, we develop a comprehensive model of M&A success. We integrate fundamental constructs of different schools and discuss their interdependencies with M&A success. Our theoretical framework was tested empirically across a sample of 106 SME transactions in the machinery, electronic, and logistic industries in the German-speaking part of Central Europe. The results of our study support the demand for an integrative perspective and theory on M&A. M&A success is a function of strategic complementarity, cultural fit, and the degree of integration. Strategic complementarity also positively influences cultural fit and the degree of integration. Cultural fit positively influences M&A success, but surprisingly has a negative impact on the speed and degree of integration. The degree of integration is positively related to speed of integration.

AB - In this paper, we develop a comprehensive model of M&A success. We integrate fundamental constructs of different schools and discuss their interdependencies with M&A success. Our theoretical framework was tested empirically across a sample of 106 SME transactions in the machinery, electronic, and logistic industries in the German-speaking part of Central Europe. The results of our study support the demand for an integrative perspective and theory on M&A. M&A success is a function of strategic complementarity, cultural fit, and the degree of integration. Strategic complementarity also positively influences cultural fit and the degree of integration. Cultural fit positively influences M&A success, but surprisingly has a negative impact on the speed and degree of integration. The degree of integration is positively related to speed of integration.

KW - M&A

KW - M&A success

KW - cultural compatibility

KW - post-merger integration

KW - strategic complementarity

U2 - 10.1002/smj.2091

DO - 10.1002/smj.2091

M3 - Journal article

C2 - 31767271

VL - 35

SP - 269

EP - 291

JO - Strategic Management Journal

JF - Strategic Management Journal

SN - 0143-2095

IS - 2

ER -