IMPACT OF INFORMATION TECHNOLOGY INFRASTRUCTURE FLEXIBILITY ON MERGERS AND ACQUISITIONS

• 成果类型: Article
• 署名作者: Benitez, Jose; Ray, Gautam; Henseler, Jorg
• 署名单位: Universite de Rennes; University of Granada; University of Minnesota System; University of Minnesota Twin Cities; University of Twente; Universidade Nova de Lisboa
• 刊物名称: MIS QUARTERLY
• ISSN/ISSBN: 0276-7783
• DOI: 10.25300/MISQ/2018/13245
• 发表日期: 2018
• 页码: 25-+
• 关键词: firm performance; organizational capability; CORPORATE ACQUISITIONS; STRATEGIC FLEXIBILITY; exploratory analysis; VALUE CREATION; integration; agility; management; MODEL

摘要

Although mergers and acquisitions (M&A) are a common strategy to reduce costs and pursue growth, the variance in returns from M&A is very high. This research examines how information technology (IT) infrastructure flexibility affects M&A. We use a combination of secondary as well as matched-pair survey data from 100 mid-size firms in Spain to investigate this relationship. The empirical analysis suggests that IT infrastructure flexibility affects M&A through two key pathways: (1) a flexible IT infrastructure facilitates the development of business flexibility that provides the responsiveness to seize M&A opportunities and make acquisitions, and (2) a flexible IT infrastructure facilitates the development of post-M&A IT integration capability that provides the control to integrate the IT and business resources of the acquired firm and realize the economic benefits from M&A.