Final published version
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 - The moderating effects of decision-making preferences on M&A integration speed and performance
AU - Uzelac, Borislav
AU - Bauer, Florian
AU - Matzler, Kurt
AU - Waschak, Melanie
PY - 2016/11/12
Y1 - 2016/11/12
N2 - This paper illustrates the effects of post-merger integration speed on M&A performance and the moderating role of decision-making preferences. For a better understanding of the effects of integration speed, we separate the role of human and task integration speed. The results, obtained from a survey based on 99 M&A transactions with acquirers from the German speaking part of Europe, indicate that fast human integration is beneficial to M&A performance while fast task integration has a significant negative effect. Furthermore our results suggest that the effects of human and task integration speed are moderated by the decision-making style of those in charge of the transactions and of integration. Different from what we expected, our results indicate that a preference for intuitive decision-making moderates the relation between task integration speed and M&A performance significant and positive, while a preference for deliberate decision-making moderates the relation between human integration speed and M&A performance.
AB - This paper illustrates the effects of post-merger integration speed on M&A performance and the moderating role of decision-making preferences. For a better understanding of the effects of integration speed, we separate the role of human and task integration speed. The results, obtained from a survey based on 99 M&A transactions with acquirers from the German speaking part of Europe, indicate that fast human integration is beneficial to M&A performance while fast task integration has a significant negative effect. Furthermore our results suggest that the effects of human and task integration speed are moderated by the decision-making style of those in charge of the transactions and of integration. Different from what we expected, our results indicate that a preference for intuitive decision-making moderates the relation between task integration speed and M&A performance significant and positive, while a preference for deliberate decision-making moderates the relation between human integration speed and M&A performance.
KW - deliberation
KW - integration speed
KW - intuition
KW - mergers and acquisitions
KW - performance
U2 - 10.1080/09585192.2015.1116457
DO - 10.1080/09585192.2015.1116457
M3 - Journal article
C2 - WOS:000385673500007
VL - 27
SP - 2436
EP - 2460
JO - The International Journal of Human Resource Management
JF - The International Journal of Human Resource Management
SN - 0958-5192
IS - 20
ER -