Index
Advances in Mergers and Acquisitions
ISBN: 978-1-78756-136-6, eISBN: 978-1-78756-135-9
ISSN: 1479-361X
Publication date: 15 June 2018
This content is currently only available as a PDF
Citation
(2018), "Index", Finkelstein, S. and Cooper, C.L. (Ed.) Advances in Mergers and Acquisitions (Advances in Mergers and Acquisitions, Vol. 17), Emerald Publishing Limited, Leeds, pp. 185-191. https://doi.org/10.1108/S1479-361X20180000017009
Publisher
:Emerald Publishing Limited
Copyright © 2018 Emerald Publishing Limited
INDEX
Index
Note: Page numbers followed by “f” and “t” refer to figures and tables. Page numbers followed by “n” refer to endnotes.
Abnormal returns
, 96, 103, 104
Acquirer
, 41
dominance of
, 170
exploitation-oriented
, 129, 131, 132
with exploration
, 128
and target orientation
, 124f
Acquisition
for ambidexterity
, 123
bolt-on
, 131–133
Business Objects
, 170
Cisco
, 135
and company facts
, 171t
consolidation
, 129–131
convergence
, 127–129
Genentech
, 133
horizontal
, 129
identifying
, 134
integration
, 136
international
, 167
performance
, 136
platform
, 125–127
turnover in
, 167–168
typology implications
, 126t
Acquisition-related variables
, 168–170
Acquisition-specific turnover model
, 170, 178f
acquisition experience
, 169
communication
, 168–169
contact
, 169–170
cultural fit
, 169
dominance of acquirer
, 170
integration speed
, 169
leadership behavior
, 169
Acquisition specific variables
, 174–176
managerial implications
, 179
theoretical implications
, 177–178
Ambidexterity, acquisitions for
, 123
Anticipatory impression management
, 59
Asahi Breweries
, 54
Auto-ethnographer
, 13, 16, 17, 19
Auto-ethnography
, 7, 8, 19
conducting
, 18
impact and parallel roles in
, 14
memoing in
, 21
Behavioral finance influences, social media decisions
, 154–156
Behavioral theory
, 70
Binary logistic regression model
, 83
Bolt-on acquisition
, 131–133
Boolean algebra
, 106
Business
social media and
, 150, 151f
Spanish
, 32
Business Objects acquisition
, 170
Business Objects and Sybase Stayers
reasons to leave
, 175t
reasons to stay
, 174t
Cash flows, pre-tax operating
, 43
Chakrabarti, A.
, 77
Círculo de Empresarios (Business Community Circle)
, 32
Cisco’s acquisition
, 135
Coding, news report
, 103–104
Coherence vs. pluralism of cultures
, 6
Cohesive culture
, 6
Commitment, to organization on profits
, 151, 151f
Company performance study
, 32–34, 36–39
dependent variables
, 42–44, 43t
independe nt variables
, 40–41, 40t
meta-anal yses
, 44–46
methodology for research
, 34–36, 35f
Company size
, 33, 34, 46
Completion likelihood of cross-border M&A
, 76–77, 88
ConfeBask
, 32
Consolidation acquisitions
, 129–131
Convergence acquisitions
, 127–129
Corporate entrepreneurship
, 120–121, 135, 138
theory development
, 122–125
Corporate governance
, 55, 60
Cre100do.es program
, 32
Cross-border mergers and acquisitions (M&As)
, 55–57, 76
completion likelihood of
, 76–77, 88
determinants of
, 77
in related and technology-intensive industries
, 83–90
control variable
, 82–83
data and sample
, 80
dependent variable
, 81
independent variable
, 81–82
Cultural distance
, 82
Culture
cohesive
, 6
in M&As
, 6
Daimler-Chrysler
, 56
Deal characteristics
and informant messages
, 106, 107
as media-transmitted signals
, 99–100
signals related to strategic
, 96–98
Deal type and large premium
, 102–103
Decision-making
, 159
Defensive impression management
, 59
DeNisi, A. S.
, 168
Derbyshire, J.
, 131
Disclosure, interpersonal
, 20
Disintegrating effects
, 6
Diversification deals
, 102, 104, 108, 111
Diversification economies synergy
, 37
Dovetailing
, 111
Economies of scale
, 32
Emotional intelligence, development
, 17–18
Emotions
, 6
as contagious
, 17
dealing with merger-related
, 15–17
making sense of magnified
, 16–17
in M&As settings
, 10
in mergers
, 15
in organizational settings
, 24
Employee reactions
, 168–170
Employee turnover
, 167
Employment decision
, 158
Enthusiasm
, 12
Entrepreneurship, corporate
, 120–125, 135, 138
Equity, shareholders
, 43
Ethnographer’s role
, 8
Ethnographic merger researcher, role
, 13
balancing micro- and macro-perspectives
, 17–18
being at stake
, 18–20
dealing with merger-related emotions
, 15–17
negotiating the researcher’s role
, 13–15
Ethnography
, 4–6
attachment and identity negotiation in
, 13
“in situ” feature of
, 20
M&As
, 3–6, 22–25
of organizations
, 7
practice of
framing insights
, 21–22
memoing
, 20–21
timing of publication
, 22
purpose of
, 25
in research settings
, 7–9
UK-based telecommunications merger
, 10, 13
European Group of Organization Studies (2012)
, 9
Expansion, neoclassical views on
, 77–78
Exploitation
, 120–122, 125, 133, 138
external
, 137
financial performance as
, 136
internal
, 134
of target capabilities
, 132
Exploitation-focused target
, 127–129, 132
Exploitation-oriented acquirer
, 129, 131, 132
Exploitation-oriented firms
, 132
Exploration
, 120, 121, 136, 138
acquirers with
, 128
firm’s current needs for
, 122
orientation toward
, 122
perspective of
, 125–126
Exploration-focused employees
, 133
Exploration-focused target
, 132
Exploration-oriented target
, 131
Extant research
, 4–7
Faster integration
, 131
Firms
, 32, 33, 76
behavior
, 120
capability creation in
, 122
communicating within
, 149
corporate entrepreneurship for
, 121
exploitation-oriented
, 132
Japan
, 54–56, 59, 60, 66
large
, 40–41
in technology-based industries
, 79–80
Fuzzy-set qualitative comparative analysis (fs/QCA)
, 106
Genentech’s acquisition
, 133
General Electric (GE)
, 137
Geographic distance
, 88
Globalization
, 33
and technological development
, 137
Google’s 2012 acquisition of Motorola
, 129
Google’s 2013 acquisition of Waze
, 129
Horizontal acquisitions
, 129
Human capital
, 146, 148, 155, 156
Human integration
, 128, 131, 133
Human resource management
, 148
Humphreys, M.
, 6
Hunt, M.
, 46
ICEX (Spanish Institute for Foreign Trade)
, 32
Identifying acquisition
, 134
Impression management
anticipatory
, 59
defensive
, 59
Impression management theory
, 55, 58–59
Industry relatedness
, 81
Information flows, neoclassical views on
, 77–78
Institutional distance
, 82
Integration team, advisory role in
, 14
Intelligence, emotional
, 17–18
Inter-firm encounters
, 6
Inter-firm partnership, in telecommunication
, 7
Internal change agent
, 8
International acquisitions
, 167
Interpersonal disclosure
, 20
Inter-rater agreement
, 104–105
Intra-industry takeovers
, 90n2
Investor reaction
, 97–99, 108
configurations of positive and negative
, 109t
Japan
changes in M&As and governance in
, 59–61
firms
, 54–56, 59, 60, 66
public firms
, 54, 57
Joe Tsai
, 57
Joly, Hubert (CEO of Best Buy)
, 57
Large-scale mergers
, 36
Magnified emotions, making sense of
, 16–17
Managerial theory
, 77–78
Market power effects
, 38
Market value (stock)
, 42
M&As. See Mergers and acquisitions (M&As)
MAXQDA software
, 173, 181n4
Media-transmitted signals
, 97–99, 111
analytica l approach
, 106–108
causal condition
, 104, 105–106t,, 106
deal characteristics as
, 99–100
messages from key informants as
, 100–101
outcome condition
, 104
sample and news report coding
, 103–104
Memoing
, 20–21
Mergers. See also specific types of merger
defined
, 36
emotions
, 15–17
motives
, 37
observing emotions in
, 15
reflections on use of ethnographic methods in study of
, 9, 10f
access to reality of merging
, 9
capturing the merger “in situ”
, 9–11
observing an unfolding merger
, 11–13
setting, ethnographer role
, 17
Mergers and acquisitions (M&As)
across related industries
, 78–79
across technology-based industries
, 79–80
activity
, 46
ethnographic study
, 3–6, 22–25
failures in
, 146
financial decisions of
, 185–186
and governance in Japan
, 59–61
human resource management
, 148
influence of social media on
, 148–153
intent
, 64, 65
performance
, 42
pre-integration phase of
, 77
qualitative research on
, 9–10
transactions, global value
, 76
wave, explaining deal type and
, 101–102
Mergers and acquisitions (M&As) budgets
conceptual model of announcements of
, 64–68, 69f
public announcements of
, 61, 61f,, 62–63t
Merging, access to reality of
, 9
Meta-analysis
, 44, 45, 47, 48
Mitsubishi Chemical
, 54
Motives, for M&As
, 37, 56
Narayanan, M. P.
, 37
Neoclassical theory
, 38
Net income
, 43
News report
, 69, 96
of causal and control conditions.
, 104
coding
, 103–104
excerpts from
, 105–106t
Nordic university merger study
, 3
Organizational settings, emotions in
, 24
Organizations, ethnographic study
, 7
Outsider
, 7
Pecuniary economies synergy
, 37
Platform acquisitions
, 125–127
Pluralism vs. coherence of cultures
, 6
Post-acquisition
financial performance
, 42
integration
, 127, 128, 130
success factors
, 125
Post-acquisition performance
, 33, 35, 39–42, 44, 45, 47
evolution
, 47
Post-merger integration
, 8
Post-merger performance
, 38–39
measurement
, 43–44
Pre-acquisition success factors
, 125
Pre-tax operating cash flows
, 43
Prior acquisition experience
, 41
Professional firms
, 66
Profitability
, 42–43
Prospect theory
, 155
Public announcements of M&A budgets
, 61, 61f, 62–63t
Public firms, Japan
, 54, 57
Qualitative research, on M&As
, 9–10
Quantitative bias
, 2
Recof
, 61
Relatedness
, 40
Research and development (R&D) investment
, 80
Research settings, ethnography in
, 7–9
Return on assets (ROA)
, 42
Return on capital employed (ROCE)
, 42
Return on equity (ROE)
, 42, 43
ROA. See Return on assets (ROA)
ROE. See Return on equity (ROE)
Routledge Companion to Mergers and Acquisitions,
, 4
SAP
, 177, 180
Sapporo Holdings
, 64
Sense of magnified emotions
, 16–17
Shareholders, equity
, 43
Signalers
, 58
Signaling theory
, 57–58, 97, 110
Signal quality, dimensions of
, 58
Small acquisitions, and social media
, 156–157
Small businesses (SMEs)
, 32
Social media
and business
, 150, 151f
communication
, 149f
companies
, 150t
decisions, behavioral finance influences
, 154–156
influence of, on M&As
, 148–153
reality and risks
, 153, 153f
small acquisitions and
, 156–157
Software-industry
, 166, 177, 178, 180
German software industry
, 167
Spanish
businesses
, 32
Círculo de Empresarios (Business Community Circle)
, 32
economy
, 32
ICEX (Spanish Institute for Foreign Trade)
, 32
Spatial distance, neoclassical views on
, 77–78
Strategicfit
, 123
Stress
, 6
Sybase acquisition
, 180–181
Sybase and Business Objects
, 180
Target orientation, acquirer and
, 124f
Task integration
, 123–124, 127, 129
Technical economies synergy
, 37
Technology-based industries
criterion for
, 81
deals in
, 87–90
firms in
, 79
M&As across
, 79–80
Telecommunication
inter-firm partnership in
, 7
merger
, 23
Title VII of the Civil Rights Act of 1964
, 158
Top management team (TMT)
, 128
Top management turnover
, 167
Toshikazu Koike
, 64
Turnover
in acquisition context
, 167–168
employee
, 167
model (see Acquisition-specific turnover model)
rates, abnormal
, 167
top management
, 167
UK-based telecommunications merger, ethnographic study
, 10, 13
Unfolding merger
, 11–13
University merger
, 12, 20
Wald chi-square tests
, 83
Word-of-mouth (WOM) effects
, 152, 159
Zephyr
, 54
- Prelims
- Chapter 1 Reflecting on the Use of Ethnographic Methods in the Study of Mergers
- Chapter 2 Does Company Performance Improve After M&A? A Literature Review
- Chapter 3 Examination of Japanese Firms’ Announcement of M&A Budgets: From the Perspective of Signaling Theory and Impression Management Theory
- Chapter 4 Cross-Border M&As in Related and Technology-Intensive Industries: Evidence on the Dynamics of Spatial Distance, Industry Context, and Completion Likelihood of International Takeovers
- Chapter 5 Bearers of (Good) News: The Impact of Business News Reports on Acquirer Short-Term Performance
- Chapter 6 Acquisitions as Corporate Entrepreneurship
- Chapter 7 Advancing Research on the Influences of Social Media on Human Resources in Mergers and Acquisitions
- Chapter 8 Retention Strategies in M&A Processes – An Exploratory Case Study on Turnover During Mergers and Acquisitions in the German Software Industry
- Index