ATTRIBUTIONAL TENDENCIES IN CULTURAL EXPLANATIONS OF M&A PERFORMANCE

• 成果类型: Article
• 署名作者: Vaara, Eero; Junni, Paulina; Sarala, Riikka M.; Ehrnrooth, Mats; Koveshnikov, Alexei
• 署名单位: Hanken School of Economics; emlyon business school; BI Norwegian Business School; University of North Carolina; University of North Carolina Greensboro
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.2163
• 发表日期: 2014
• 页码: 1302-1317
• 关键词: merger; acquisition; culture; attribution; integration

摘要

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. Copyright (C) 2013 John Wiley & Sons, Ltd.