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Article
Publication date: 25 April 2008

Stephan Baraldi, Magnus Sverke and Gary Chaison

The purpose of this paper is to examine a failed union merger attempt from a democratic perspective. Although it is estimated that a majority of planned union mergers are…

Abstract

Purpose

The purpose of this paper is to examine a failed union merger attempt from a democratic perspective. Although it is estimated that a majority of planned union mergers are never completed, the existing literature is unsuccessful in explaining why it is so. Stressing the importance for merging unions to keep their members informed and participative in the merger process, we highlight two democratic aspects of merger implementation: information anchoring (i.e. the spreading of merger relevant information throughout the membership), and participatory union climate (i.e. the extent to which union leaders provide members with opportunities to participate in union activities and decision making). The act of voting for or against a merger proposal can be regarded as a manifestation of democratic aspects in the internal negotiation process. Thus, members' intention to vote for or against the merger proposal was also analyzed.

Design/methodology/approach

Questionnaires were sent to 1,000 members of each of the four participating unions. The survey investigated how many members knew of the merger negotiations, if they would have voted for or against the proposal, and also measured perceptions of the participatory union climate. Discrepancies between representatives and rank‐and‐file members were analyzed, with any significant differences between the two groups interpreted as indicative of the merger process lacking in internal democracy.

Findings

The results show that the merger plans were not sufficiently anchored among the membership and that there were significant differences between representatives and rank‐and‐file members in terms of merger plan awareness, vote intention, and perceptions of participatory union climate.

Research limitations/implications

The present study is based on cross‐sectional data collected after the planned merger was rejected.

Originality/value

Few studies have investigated the internal merger negotiation process using an unsuccessful merger attempt as a study case. Also, the need for psychological approaches in IR has long been called for. The present study meets both of these criteria.

Details

Employee Relations, vol. 30 no. 3
Type: Research Article
ISSN: 0142-5455

Keywords

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Article
Publication date: 1 April 2005

Emma McClelland, Janine Swail, Jim Bell and Patrick Ibbotson

There has been increased policy and research interest in the growing number of female entrepreneurs and their potential contribution to both the local and global economy…

Abstract

Purpose

There has been increased policy and research interest in the growing number of female entrepreneurs and their potential contribution to both the local and global economy. Nevertheless, the extant literature on female entrepreneurship is often limited to the start‐up phase of business. An important gap in the literature is an enquiry into the development of these female‐owned organisations from inception to maturity, and their growth in domestic and/or international markets. This paper therefore aims to address key themes such as motivation to start‐up, growing the business, gender issues and the challenges faced by these women.

Design/methodology/approach

An innovative, internet‐based methodology was employed to collect the data in the chosen locations. Using internet resources such as online media, company web sites and other pertinent sites, a significant volume of information was gathered. Any information gaps or issues requiring further clarification were then addressed via e‐mail exchanges with the individual entrepreneur.

Findings

Initial findings demonstrate threads of commonality between female entrepreneurs in different countries. It also highlights differences in the experiences of these women, not only across countries but also within certain countries. A comprehensive discussion of these findings is contained in the paper.

Research limitations/implications

This research has highlighted a number of issues which merit further investigation; however, the issue of social responsibility within this sample of female entrepreneurs would indicate that women have much more socially‐oriented motives for starting and developing a business. The authors would like to investigate this further using qualitative investigation of a larger sample within one country before drawing any definitive conclusions.

Originality/value

Given a limited understanding of such issues mentioned above, this contribution seeks to provide an insight into the heterogeneous experiences of female entrepreneurs using cross‐national data rather than a one‐country study.

Details

International Journal of Entrepreneurial Behavior & Research, vol. 11 no. 2
Type: Research Article
ISSN: 1355-2554

Keywords

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Book part
Publication date: 25 August 2014

Tarek Kandil and Dababrata Chowdhury

The purpose of this chapter is to reflect the impact of mergers and acquisitions processes on performance of Islamic banking industry in the United Kingdom through studying within.

Abstract

Purpose

The purpose of this chapter is to reflect the impact of mergers and acquisitions processes on performance of Islamic banking industry in the United Kingdom through studying within.

Design/Methodology/Approach

The present research uses explanatory approach in order to examine the research problems, methodology used in the research is quantitative methods through calculating the long-term share prices performance of the UK Islamic banks’ sample. First, the researchers use the control Islamic bank in the event-time approach. The researchers calculate annual abnormal returns using the buy-and-hold abnormal return (BHAR) method over a period of five years, counting from the quarter of a year when the transaction is said to be effective.

Research Findings

The research findings found that there are significant differences in the Islamic mergers and acquisitions post-long-run performance of the UK Islamic banks to the control the crises that face the United Kingdom from 2007 to 2010. However, the acquiring Islamic bank in high-tech industries had a negative effect on their long-term performance.

Limitations/Implications

The present research has been applied for the Islamic banking industry in the United Kingdom after the Western Europe industry from 2007 to 2010.

Practical Implication

The main implementations of the present research is valuing UK banks carried out the Islamic mergers and acquisitions of a broad range of management disciplines encompassing the financial, strategic, behavioral, operational, and cross-cultural aspects of this challenging and high-risk activity.

Originality/Value

The Islamic mergers and acquisitions have placed a significant amount of value added on the motivation of large banks for engaging in banking mergers and acquisitions’ transactions.

Details

The Developing Role of Islamic Banking and Finance: From Local to Global Perspectives
Type: Book
ISBN: 978-1-78350-817-4

Keywords

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Article
Publication date: 1 June 2004

Don de Camara and Punit Renjen

Merger activity will continue to gain momentum in 2004 and integration will remain a “hot topic” with senior executives. The authors have distilled the critical success…

Abstract

Merger activity will continue to gain momentum in 2004 and integration will remain a “hot topic” with senior executives. The authors have distilled the critical success factors underlying integrations that drive shareholder value. These success factors are brought to life through best practice examples, including: (1) synergies that make the merged company better able to increase revenues and gain market share than either company could on its own; (2) the importance of early, detailed planning in conjunction with clean teams, active senior management commitment and an “adopt‐and‐go” attitude; (3) a focus on growing the existing business, companies that apply the 80/20 rule – spend only 20 percent of the time on the merger – don’t lose sight of their business and customers; (4) communicating early and often to customers, employees, partners, investors and the media with a realistic assessment of the facts rather than being overly optimistic; and (5) envisioning the desired culture they are looking to create for the new entity and building the sense of community among employees of both organizations.

Details

Journal of Business Strategy, vol. 25 no. 3
Type: Research Article
ISSN: 0275-6668

Keywords

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Article
Publication date: 29 March 2013

Anna A. Łupina‐Wegener

The purpose of this paper is to shed light on challenges faced in human resource (HR) integration in subsidiary mergers of western corporations in Poland. The paper seeks…

Abstract

Purpose

The purpose of this paper is to shed light on challenges faced in human resource (HR) integration in subsidiary mergers of western corporations in Poland. The paper seeks to investigate the central themes in HR integration in terms of the role of the HR function and the implications for the local workforce.

Design/methodology/approach

A qualitative method research design was adopted with semi‐structured formal and informal interviews, participant observation, and secondary/primary data analysis.

Findings

Findings provide insights into the challenges of integrating the subsidiaries of western corporations based in transition economies and why problems might emerge from the collaboration between local and foreign managers. Specifically, the analysis suggests that a success of the HR integration might be particularly at stake in circumstances of a low HR power in a subsidiary and a low multiculturalism of the foreign investor.

Research limitations/implications

The main study limitation concerns the fact that investigations concerned perspectives of local managers. It would be interesting in future research to observe the HR processes as perceived by both local executives and foreign parent decision‐makers.

Practical implications

The paper's findings may help managers and change agents to understand the specific challenges to HR integration of subsidiary mergers.

Originality/value

The results shed light on HR integration in subsidiaries of corporations from western economies based in emerging or developing regions. Specifically, in circumstances of a low HR power in a subsidiary and a low multiculturalism of the foreign investor, officially proclaimed friendly mergers may turn to hostile takeovers and drastic changes risk implemention without a clear understanding of the local context. Then, HR integration risks having a dysfunctional impact on the workforce and consequently, failing to deliver expected synergies and, in the long‐term, cause M&As failure.

Details

Journal of Organizational Change Management, vol. 26 no. 2
Type: Research Article
ISSN: 0953-4814

Keywords

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Article
Publication date: 16 July 2018

Bart Jeroen Franciscus Vosse and Olayemi Abdullateef Aliyu

The researchers in this study aim to understand the impact of a recent merger between two high performing institutions, on employee trust and well-being. The purpose of…

Abstract

Purpose

The researchers in this study aim to understand the impact of a recent merger between two high performing institutions, on employee trust and well-being. The purpose of this paper is to quantitatively test the relationships between communication initiatives, human resource management initiatives, and cultural congruence and their impact on employee trust during organisational change.

Design/methodology/approach

To empirically validate these hypothesised relationships, 139 employees of the organisation were surveyed; the data were analysed using structural equation modelling.

Findings

The results indicate that HR planning and successful communication by the organisation are vital if a merger is to achieve the gains envisioned at its inception.

Research limitations/implications

Future research may explore longitudinal study to establish time of how employee trust are affected from the early merger announcement stage, during the merger-related activities and most importantly the post-merger period. The researchers are of the opinion, that understanding the impacts of change and how employee trust is affected during change is vital. The scope of this study permitted only three independent variables, consideration should be given for further research to explore the influence other activities may have on trust such as policy, government restraint, governance and internationalisation.

Practical implications

These results further establish the need for educational and commercial organisations to focus on internal and external relationship management and on communication strategies that can affect employees before, during and after a merger.

Social implications

Understanding factors that will influence employee vulnerability is important for any organisation as it is possibly the first step to understanding what planning needs to take place to foster change and consider contingencies pre, during and post-merger related change. Considerable thought and planning should be given to the re building of culture and regaining of lost trust post-merger.

Originality/value

This is the first empirical research that quantitatively test the relationships between communication initiatives, human resource initiatives, cultural congruence and their impact on employee trust during organisational change in higher academic institution. This particular study has further add value to change management research, particularly from New Zealand perspective where there is little literature on the current Institute of Technology and Polytechnic sector merger.

Details

Journal of Organizational Change Management, vol. 31 no. 5
Type: Research Article
ISSN: 0953-4814

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Abstract

Details

Communication as Gesture
Type: Book
ISBN: 978-1-78756-515-9

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Article
Publication date: 16 January 2017

Daniel Rottig

The purpose of this paper is to provide a quantitative integration of the existing empirical body of literature on culture and acquisition performance.

Abstract

Purpose

The purpose of this paper is to provide a quantitative integration of the existing empirical body of literature on culture and acquisition performance.

Design/methodology/approach

The study is based on a meta-analytical approach that synthesizes 189 effect sizes from 24 independent samples with a total sample size of n=5,496 acquisitions.

Findings

This meta-analytical study found a consistently negative and significant relationship between organizational cultural differences and acquisition performance, and a dual effect of national cultural differences (i.e. cultural distance) on acquisition performance. It further identified significant methodological and contextual moderators and discusses the implications for acquisitions in emerging markets.

Research limitations/implications

Due to the nature of meta-analyses, this study is based on existing (i.e. available secondary) data. Future research may collect novel, primary data to further test the conceptual model and respective relationships developed therein.

Practical implications

This study sheds light onto the culture-based performance determinants of acquisitions and the effects of methodological and contextual moderator variables. Given the significant importance of acquisitions across organizational and national cultures, the findings may inform business practitioners when developing sustainable strategies to successfully integrate organizations that are culturally different and/or are located in culturally diverse environments.

Social implications

A better understanding about the culture-based performance determinants of acquisitions may inform public policy makers about how to regulate and set incentives for acquisitions, which constitute a main vehicle through which firms undertake foreign direct investment, and which can be considered a global sustainable growth strategy for multinational corporations and entire economies.

Originality/value

This paper is original in that it provides a large-scale and in-depth quantitative integration and synthesis of the empirical literature on culture and acquisition performance based on a meta-analytical approach and so has important theoretical value and empirical implications for future emerging market research.

Details

International Journal of Emerging Markets, vol. 12 no. 1
Type: Research Article
ISSN: 1746-8809

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Article
Publication date: 7 April 2021

Jinbao Fang, Qiyu Sun, Yukun Chen and Yang Tang

This work aims to combine the cloud robotics technologies with deep reinforcement learning to build a distributed training architecture and accelerate the learning…

Abstract

Purpose

This work aims to combine the cloud robotics technologies with deep reinforcement learning to build a distributed training architecture and accelerate the learning procedure of autonomous systems. Especially, a distributed training architecture for navigating unmanned aerial vehicles (UAVs) in complicated dynamic environments is proposed.

Design/methodology/approach

This study proposes a distributed training architecture named experience-sharing learner-worker (ESLW) for deep reinforcement learning to navigate UAVs in dynamic environments, which is inspired by cloud-based techniques. With the ESLW architecture, multiple worker nodes operating in different environments can generate training data in parallel, and then the learner node trains a policy through the training data collected by the worker nodes. Besides, this study proposes an extended experience replay (EER) strategy to ensure the method can be applied to experience sequences to improve training efficiency. To learn more about dynamic environments, convolutional long short-term memory (ConvLSTM) modules are adopted to extract spatiotemporal information from training sequences.

Findings

Experimental results demonstrate that the ESLW architecture and the EER strategy accelerate the convergence speed and the ConvLSTM modules specialize in extract sequential information when navigating UAVs in dynamic environments.

Originality/value

Inspired by the cloud robotics technologies, this study proposes a distributed ESLW architecture for navigating UAVs in dynamic environments. Besides, the EER strategy is proposed to speed up training processes of experience sequences, and the ConvLSTM modules are added to networks to make full use of the sequential experiences.

Details

Assembly Automation, vol. 41 no. 3
Type: Research Article
ISSN: 0144-5154

Keywords

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