Untangling micro-behavioral sources of failure in mergers and acquisitions: a theoretical integration and extension

• Autores: Yair Friedman, Abraham Carmeli, Asher Tishler, Katsuhiko Shimizu
• Localización: The International Journal of Human Resource Management, ISSN-e 1466-4399, Vol. 27, Nº. 20, 2016, págs. 2339-2369
• Idioma: inglés
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• Resumen

  • Research in the field of mergers and acquisitions (M&A) has extensively examined potential sources of failure and success. However, despite increasing attention from scholars, only a handful of studies have actually investigated M&A processes. Adopting a process perspective is crucial to unraveling the underlying micro-behavioral foundations of M&A. This paper focuses on why M&As rarely reach their full potential. Specifically, we address these issues by providing an in-depth review of mechanisms contributing to M&A failure and developing a processual framework. We argue that behavioral factors at the individual and organizational levels impede rational and effective decision-making before, during and after an acquisition and suggest that communication climate plays a vital role in facilitating effective integration and may serve as a platform to improve M&A performance. [ABSTRACT FROM PUBLISHER]