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  • MA_Performance_11042017 (1)

    Rights statement: This is the author’s version of a work that was accepted for publication in European Management Journal. 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 European Management Journal, 36, 3, 2018 DOI: 10.1016/j.emj.2017.06.002

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Looking into the ‘black box’: unlocking the effect of integration on acquisition performance

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Looking into the ‘black box’ : unlocking the effect of integration on acquisition performance. / Teerikangas , Satu; Thanos, Ioannis.

In: European Management Journal, Vol. 36, No. 3, 06.2018, p. 366-380.

Research output: Contribution to Journal/MagazineJournal articlepeer-review

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Teerikangas S, Thanos I. Looking into the ‘black box’: unlocking the effect of integration on acquisition performance. European Management Journal. 2018 Jun;36(3):366-380. Epub 2017 Aug 12. doi: 10.1016/j.emj.2017.06.002

Author

Teerikangas , Satu ; Thanos, Ioannis. / Looking into the ‘black box’ : unlocking the effect of integration on acquisition performance. In: European Management Journal. 2018 ; Vol. 36, No. 3. pp. 366-380.

Bibtex

@article{5b823e7400f84713acb148685ef32bc2,
title = "Looking into the {\textquoteleft}black box{\textquoteright}: unlocking the effect of integration on acquisition performance",
abstract = "Extending research on the performance of Mergers and Acquisitions (M&As), this paper seeks to explain how the post-acquisition integration phase affects acquisition performance. Despite extensive research efforts, there remains a scant understanding of how acquisition implementation, particularly in the post-acquisition integration phase, impacts the performance of M&As. Based on an extensive study of eight acquisitions, in this paper, a grounded model detailing the mechanisms by which the post-acquisition integration phase affects acquisition performance is developed. The model posits that integration-related factors do not bear directly upon acquisition performance. Instead, their effect is mediated by functional organizations in both firms. When focusing into these functional mediating dynamics, we observe that integration-related processual, behavioural and cultural factors affect the identified functional mediators in different ways. Going forward, we echo calls for integrated perspectives to the study of M&A and M&A performance in particular.",
keywords = "Integration, Acquisition performance, Post-acquisition integration process, Mergers and acquisitions",
author = "Satu Teerikangas and Ioannis Thanos",
note = "This is the author{\textquoteright}s version of a work that was accepted for publication in European Management Journal. 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 European Management Journal, 36, 3, 2018 DOI: 10.1016/j.emj.2017.06.002",
year = "2018",
month = jun,
doi = "10.1016/j.emj.2017.06.002",
language = "English",
volume = "36",
pages = "366--380",
journal = "European Management Journal",
issn = "0263-2373",
publisher = "Elsevier Ltd",
number = "3",

}

RIS

TY - JOUR

T1 - Looking into the ‘black box’

T2 - unlocking the effect of integration on acquisition performance

AU - Teerikangas , Satu

AU - Thanos, Ioannis

N1 - This is the author’s version of a work that was accepted for publication in European Management Journal. 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 European Management Journal, 36, 3, 2018 DOI: 10.1016/j.emj.2017.06.002

PY - 2018/6

Y1 - 2018/6

N2 - Extending research on the performance of Mergers and Acquisitions (M&As), this paper seeks to explain how the post-acquisition integration phase affects acquisition performance. Despite extensive research efforts, there remains a scant understanding of how acquisition implementation, particularly in the post-acquisition integration phase, impacts the performance of M&As. Based on an extensive study of eight acquisitions, in this paper, a grounded model detailing the mechanisms by which the post-acquisition integration phase affects acquisition performance is developed. The model posits that integration-related factors do not bear directly upon acquisition performance. Instead, their effect is mediated by functional organizations in both firms. When focusing into these functional mediating dynamics, we observe that integration-related processual, behavioural and cultural factors affect the identified functional mediators in different ways. Going forward, we echo calls for integrated perspectives to the study of M&A and M&A performance in particular.

AB - Extending research on the performance of Mergers and Acquisitions (M&As), this paper seeks to explain how the post-acquisition integration phase affects acquisition performance. Despite extensive research efforts, there remains a scant understanding of how acquisition implementation, particularly in the post-acquisition integration phase, impacts the performance of M&As. Based on an extensive study of eight acquisitions, in this paper, a grounded model detailing the mechanisms by which the post-acquisition integration phase affects acquisition performance is developed. The model posits that integration-related factors do not bear directly upon acquisition performance. Instead, their effect is mediated by functional organizations in both firms. When focusing into these functional mediating dynamics, we observe that integration-related processual, behavioural and cultural factors affect the identified functional mediators in different ways. Going forward, we echo calls for integrated perspectives to the study of M&A and M&A performance in particular.

KW - Integration

KW - Acquisition performance

KW - Post-acquisition integration process

KW - Mergers and acquisitions

U2 - 10.1016/j.emj.2017.06.002

DO - 10.1016/j.emj.2017.06.002

M3 - Journal article

VL - 36

SP - 366

EP - 380

JO - European Management Journal

JF - European Management Journal

SN - 0263-2373

IS - 3

ER -