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  • REF-JWB-Manuscript_Accepted

    Rights statement: This is the author’s version of a work that was accepted for publication in Journal of World Business. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of World Business, 53, 2, 2018 DOI: 10.1016/j.jwb.2018.01.001

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Contextualizing speed and cross-border acquisition performance: Labor market flexibility and efficiency effects

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<mark>Journal publication date</mark>1/02/2018
<mark>Journal</mark>Journal of World Business
Issue number2
Volume53
Number of pages12
Pages (from-to)290-301
Publication StatusPublished
Early online date1/02/18
<mark>Original language</mark>English

Abstract

There is general agreement that acquisition integration is decisive for acquisition performance. Despite this consensus, there are heterogeneous results on integration measures, such as integration speed with empirical research supporting the benefits of either fast or slow integration. We argue that the business environment surrounding acquisitions has the potential to reconcile conflicting findings. We develop how institutional factors (i.e., labor market flexibility and efficiency) influence the relationships between speed of human and functional integration on acquisition performance. With a sample of 203 transactions from acquirers from central Europe and Scandinavia, we find human and functional integration speed have divergent effects on acquisition performance. Further, both relationships are moderated by labor market flexibility and efficiency, but in different ways. Implications for research and practice are discussed.

Bibliographic note

This is the author’s version of a work that was accepted for publication in Journal of World Business. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of World Business, 53, 2, 2018 DOI: 10.1016/j.jwb.2018.01.001