Index
Advances in Mergers and Acquisitions
ISBN: 978-1-83608-073-2, eISBN: 978-1-83608-072-5
ISSN: 1479-361X
Publication date: 8 July 2024
This content is currently only available as a PDF
Citation
(2024), "Index", Finkelstein, S. and Cooper, C.L. (Ed.) Advances in Mergers and Acquisitions (Advances in Mergers and Acquisitions, Vol. 23), Emerald Publishing Limited, Leeds, pp. 153-158. https://doi.org/10.1108/S1479-361X20240000023011
Publisher
:Emerald Publishing Limited
Copyright © 2024 Sydney Finkelstein and Cary L. Cooper
INDEX
Academy of Management Journal (AMJ)
, 3
Academy of Management Review (AMR)
, 3
Accessibility model
, 134
Accounting
, 50
Accumulated organizational inefficiencies
, 53
Acquirer Advisor Status
, 95–97
Acquirer-to-target relatedness
, 76, 82
Acquisition (s)
, 50–51, 55, 65, 107
capability
, 54
cognitive simplification processes and biases in acquisition decision-making
, 108
deals
, 93
divestiture plays second fiddle to
, 109–110
execution
, 107–108
financing
, 72, 76
literature
, 84
premium
, 94
process
, 66–68
program performance
, 57
relatedness
, 73
research
, 70
strong similarities exist between divestiture and
, 104–106
Adjusted acquisition premium
, 97
Administrative Science Quarterly (ASQ)
, 3
Adverse selection, status-based market for
, 91–94
Advisors
, 92
general acquisition experience
, 75
specific acquisition experience
, 75–76
Akaike Information Criterion (AIC)
, 96
Analytical strategy
, 95–96
Antecedents
characteristics
, 55
of serial acquirer performance
, 50–52
Authentic sameness
, 105
Average acquisition premium
, 96
Baseline estimating equation
, 27
Bayesian Information Criterion (BIC)
, 96
Behavioral theory
, 126
Beliefs regarding emotions, study of
, 148
Biases in emotional self-reports
, 139–140
Bibliographic coupling analysis
, 3, 7–8, 12
Bibliometric analysis
, 2–3
Boards of directors (BODs)
, 12
Capabilities in conflict
, 110
concept of
, 103
conflict within corporate family
, 116–117
mechanisms and ramifications for capability development and deployment
, 111–114
moving forward
, 114
origins of fallacy of sameness
, 104
put people first
, 115
stop neglecting target business units
, 115–116
Cash financing
, 72
Cognitive simplification processes and biases in divestiture and acquisition decision-making
, 108
Complementary integration mechanism
, 53
Complexity
, 59
Compustat data
, 77
Conflict
capabilities in
, 110–114
conflict-driving mechanisms for capability development and deployment
, 111–114
within corporate family
, 116–117
Control variables
, 26, 39, 76–77
Conventional interviews
, 147
Corporate family, conflict within
, 116–117
Corporate governance
, 22
Corporate strategy
, 36, 104, 111
Cross-border governance of CBMAs
, 11–12
Cross–border mergers and acquisitions (CBMAs)
, 2, 21, 23, 27, 29, 31
activity
, 23
cross-border governance
, 11–12
geopolitics and
, 8–10
human side of
, 10–11
intellectual landscape
, 7
methodology
, 3
scientific impact
, 3–7
strategy
, 11
thematic clusters based on bibliographic coupling analysis
, 9–10
top 20 most cited publications on CBMAs in management and IB
, 5
Cumulative abnormal returns (CARs)
, 50, 75
Data collection
lack of detail regarding
, 145–146
using self-reported emotions
, 135–140
Data sources and sample
, 24–25
Day reconstruction method (DRM)
, 136, 146
De-integration
, 105
Deal attitude
, 76
Deal execution, strong similarities exist between divestiture and acquisition in
, 104–106
Dependent variable
, 38–39, 75, 94
Digestibility
, 125
Distortions in emotional self-reports
, 139–140
Divestiture process
, 107, 110, 115
cognitive simplification processes and biases in
, 108
divestiture–acquisition conflict’s corporate strategy context
, 104, 113
execution
, 107–108
practice and research
, 109–110
separation process
, 112
strong similarities exist between acquisition in deal execution and
, 104–106
Divisional drivers in acquisition
, 44
Dynamism
, 77
Emerging market enterprises (EMNEs)
, 4
Emotional self-reports
, 147
biases and distortions in
, 139–140
Emotional sensemaking model
, 135
Emotions
, 134
biases and distortions in emotional self-reports
, 139–140
data collection using self-reported emotions
, 135
examples of definitions for emotions used in PMI studies
, 136
lack of awareness of issues with self-reported emotions
, 144–145
lack of detail regarding data collection
, 145–146
lack of discussion on limitations
, 145
longitudinal studies
, 143–144
mixed-time studies
, 144
in post-merger integration
, 134–135
real-time studies
, 143
recommendation for future research practice
, 146
results
, 141
retrospective studies
, 143
study of beliefs regarding emotions
, 148
study of emotions during events
, 146–147
systematic review method
, 141
underlying assumptions of self-reported emotions
, 137–138
violated practical assumptions
, 139
Empirical analysis
, 27
Empirical methods
, 24–25
Endorsement
, 90
status-based market for
, 91–94
Event reconstruction method (ERM)
, 136, 146
Events, study of emotions during
, 146–147
Experience sampling methodology and daily diary method (ESM/DD method)
, 136
Experienced acquirers
, 54
(see also Serial acquirers)
External intermediaries
, 105
Fallacy of sameness
, 102–103, 108
cognitive simplification processes and biases abound in divestiture and acquisition decision-making
, 108
conflict-building differences between divestitures and acquisitions
, 106
divestiture and acquisition
, 107
divestiture and acquisition execution
, 107–108
divestiture plays second fiddle to acquisition, in both practice and research
, 109–110
origins of fallacy of sameness
, 104
strong similarities exist between divestiture and acquisition in deal execution
, 104–106
FDI
, 20
Financial advisors
, 90
Financial constraints
, 23, 31
Financial market development
, 23, 25, 27, 31
Financial measures
, 50
Financing
, 71
Financing constraints
control variables
, 26
data sources and sample
, 24–25
dependent variable
, 25
descriptive statistics
, 28
empirical analysis
, 27
empirical methods
, 24–25
empirical results
, 27
implications for practice
, 32
implications for theory
, 31–32
independent variables
, 25–26
and institutional distance
, 23–24
measures
, 25
regression results
, 29–31
and target market financial development
, 21–23
theory and hypothesis development
, 21
Firms
, 51, 54, 66, 70, 107, 123, 129
capabilities
, 103
Fuzzy set qualitative profile analysis (fsQCA)
, 12
General advisor
acquisition experience
, 67
experience
, 66–69, 71–74
Geopolitics and CBMAs
, 8–10
Global Strategy Journal (GSJ)
, 3
Gravity model variables
, 25
Gross domestic product (GDP)
, 25
Hadlock and Pierce size-age index (HPSA index)
, 25–26, 29
Hadlock–Pierce financial constraint indexes
, 21
Heterogeneity of acquisitions
, 68
High-status actors
, 92
High-status advisors
, 90, 93
Human beings
, 64
Hypothesized moderator variables
, 76
Hypothesized predictor variables
, 75–76
IB journals
, 4
Incidence rate ratios (IRR)
, 29
Independent variables
, 39, 94–95
Indigestion
, 53
Indispensable corporate strategy tools, divestiture and acquisition both
, 107
Inexperienced acquirers
, 54
Institutional distance
, 26, 31
financial constraints and
, 23–24
Institutional theory
, 124
and governance mode choice
, 128
Integration process
, 53–54, 56, 105, 141
Intellectual landscape of CBMA research
, 7–12
Internal capital market
, 37
literature
, 44
theory
, 36
International acquisitions
, 52
International business (IB)
, 2, 51
International Business Review (IBR)
, 3
International Monetary Fund (IMF)
, 25
Interviews
, 138, 141, 144–145
data
, 134
interview-based self reports
, 137
process
, 137
statements
, 137
Inverse Mills ratio (IMR)
, 39
Investment advisors
, 66–68
experience
, 71
knowledge
, 65
Investment bankers
, 67, 105
Joint ventures
, 128–129
Journal of International Business Studies (JIBS)
, 3
Journal of International Management (JIM)
, 3
Journal of Management (JOM)
, 3
Journal of Management Studies (JMS)
, 3
Journal of World Business (JWB)
, 3
Knowledge
, 37
Learning
, 57
mis-transfer
, 111–112
processes
, 55–56
Legal advisors
, 105
Longitudinal studies
, 141–144
Louvain algorithm, The
, 8
Low-status actors
, 92
Low-status professionals
, 93
Management International Review (MIR)
, 3
Management scholars
, 140
Management Science (MS)
, 3
Market failure
, 90
Market financial development, financial constraints and target
, 21–23
Mergers
, 135, 145
Mergers and acquisitions (M&As)
, 124
(see also Cross–border mergers and acquisitions (CBMAs))
data
, 24
literature
, 134
Middle-status actors
, 90, 92
Middle-status advisors
, 90, 93
Middle-status conformity theory
, 92
Middle–status opportunism
acquisition premium
, 97
analytical strategy
, 95–96
data and empirical design
, 94
dependent variable
, 94
independent variable
, 94–95
results
, 96–98
status-based market for endorsement and adverse selection
, 91–94
Minority equity options
, 128
Mixed-methods approach
, 11
Mixed-time studies
, 142, 144
Motives of serial acquirers
, 51
Multi-business firms
, 36–38
control variables
, 39
data, sample, and estimation method
, 38
dependent variable
, 38–39
descriptive statistics
, 40
independent variables
, 39
main results
, 39–41
methodology
, 38
post-hoc analysis
, 41–43
results
, 39
theory background and hypotheses development
, 36–38
variables
, 38
Multiple acquirers
, 54
Multiple estimation approaches
, 77
Munificence
, 77
OLS regression
, 77
Opportunism
, 92
Organization Science (OS)
, 3
Organization Studies (OSt)
, 3
Organizational integration in serial acquirers
, 52–53
Organizational processes
, 57
Organizational routines
, 126
Organizational status
, 90
Outsourcing experience
analysis
, 77
control variables
, 76–77
dependent variable
, 75
general advisor experience
, 66–69
hypothesized moderator variables
, 76
hypothesized predictor variables
, 75–76
influence of investment advisor experience on market returns
, 80
methods
, 74
reliance on general advisor experience
, 71–74
results
, 77–82
sample
, 74
specific advisor experience
, 70–71
statistics and correlations
, 79
theory and hypotheses
, 66
Paradox research
, 114
Paradoxical demands
, 113–114
Performance
analysis
, 2–3
feedback
, 126
of serial acquirers
, 50
Personal semantic memories
, 140
Poisson Pseudo Maximum Likelihood estimating approach
, 27
Post-acquisition integration process
, 44, 52, 113, 116
Post-hoc analysis
, 41–43
Post-merger integration (PMI)
, 134
emotions in
, 134–135
Primary resource
, 64
Process partisanship
, 112
Professionals
, 91–92
service firms
, 65
Ramifications for capability development and deployment
, 111–114
Real options theory
, 124
and governance mode choice
, 128–129
Real-time studies
, 141
Regression results
, 29–31
IRRs of count of acquirer firm-target nation CBM&A
, 30
Related acquisition
, 42
Relatedness
, 39
Relational matrix
, 95
Reliance on general advisor experience
, 71–74
Research opportunities
, 129–130
Resource allocation literature
, 37
Resource deployment theory
, 36
Resource relatedness
, 38
Resource-based view (RBV)
, 124
and governance mode choice
, 126–127
Retrospective studies
, 141, 143
Return on Assets (ROA)
, 42
Reviews
on CBMAs
, 2
of TCE
, 125
Sample
, 74
Scholars
, 51, 54
Science mapping
, 2
Securities Data Corporation (SDC)
, 74, 94
Segment-level explanatory variables
, 39
Segment-level variables
, 39
Self-report
, 136
Self-reported emotions
data collection using
, 135–140
lack of awareness of issues with
, 144–145
underlying assumptions of
, 137–138
Semantic abstractions
, 140
Semantic memory
, 139, 144
Sensemaking process
, 135
Serial acquirers
, 49, 51, 54
antecedents of serial acquirer performance
, 50–52
combining different perspectives
, 55–58
learning from serial acquisitions
, 54–55
organizational integration in
, 52–53
status and future directions
, 58–59
Serial acquisitions
, 58
Ship-building industry
, 51
Simplification
, 108
Single-business firms
, 37
Social network theories
, 124
and governance mode choice
, 127–128
Specific advisor experience
, 70–71
Standard Industrial Classification (SIC)
, 38
Status-based market for endorsement and adverse selection
, 91–94
Strategic alliances
, 123, 128
Strategic management
, 124
Strategic Management Journal (SMJ)
, 3, 109
Structural combination
, 53
Superstitious learning
, 68–69
Systematic review method
, 141
Target business units, stop neglecting
, 115–116
Theoretical model
, 64
Transaction cost economics (TCE)
, 124
and governance mode choice
, 124–125
Unrelated acquisition
, 42
Variance inflation factors (VIF)
, 78
Violated practical assumptions
, 139
Welch’s observation
, 20
Whited–Wu indexes (WW indexes)
, 21, 25–26, 29
World Bank’s Governance Index database
, 25
- Prelims
- Chapter 1: A Review of Research on Cross-Border Mergers and Acquisitions: Impact, Themes, and New Directions
- Chapter 2: Modification of MNE Strategies in the Face of Financing Constraints
- Chapter 3: Acquisitions by Multi-business Firms: A Divisional Lens
- Chapter 4: The Performance of Serial Acquirers: A Review and Integrative Framework
- Chapter 5: Outsourcing Experience: Examining Market Responses to Acquirers Relying on Advisor Experience
- Chapter 6: Middle-Status Opportunism: Financial Advisors and Their Risky Acquisition Endorsements
- Chapter 7: Capabilities in Conflict? The Fallacy of Sameness Between Divestitures and Acquisitions and its Ramifications for Firm Capability Development and Deployment
- Chapter 8: Strategic Choices Between Alliances and Acquisitions: What Do We Know and Where Do We Go from Here?
- Chapter 9: Down the Wrong Rabbit Hole: Methodological Traps in Researching Emotions in Post-Merger Integration
- Index