Text
Toward unlocking the full potential of acquisitions: the role of organizational restructuring
Building on behavioral theory, we study when and how firms unlock synergy from acquisitions over extended periods of time. We argue that initial integration is inevitably suboptimal and that, as a result, acquisitive growth decreases an acquirer's performance, eventually forcing it to engage in organizational restructuring to more fully unlock the synergistic potential. Hence, we conceptualize organizational restructuring as a second stage in the integration process. Moreover, we theorize about how acquisition-restructuring cycles evolve as firms gain acquisition and restructuring experience. We tested our theory using panel data on firms undertaking almost 1,600 acquisitions over four decades..Printed journal
Call Number | Location | Available |
---|---|---|
PSB lt.dasar - Pascasarjana | 1 |
Penerbit | Academy of Management., |
---|---|
Edisi | - |
Subjek | Organizational behavior Integration Organization theory Acquisitions & Mergers studies Corporate reorganization |
ISBN/ISSN | 14273 |
Klasifikasi | - |
Deskripsi Fisik | - |
Info Detail Spesifik | - |
Other Version/Related | Tidak tersedia versi lain |
Lampiran Berkas | Tidak Ada Data |