Jaideep Anand, Hyunseob Kim and Shaohua Lu
Firms pursue a number of redeployment strategies in order to achieve growth and create value for their stakeholders. While the majority of previous research focuses on how firms…
Abstract
Firms pursue a number of redeployment strategies in order to achieve growth and create value for their stakeholders. While the majority of previous research focuses on how firms create synergic value by sharing resources across multiple business units, we lack a systematic analysis of the determinants of different redeployment strategies. In this paper, we develop a theoretical framework that allows us to systematically investigate how intrinsic resource characteristics affect resource redeployment strategies. Our framework identifies four critical characteristics of resources, that is, fungibility, scale-free nature, decomposability, and tradability. We develop a number of predictions that provide guidance for researchers to identify the optimal resource redeployment strategy appropriate for resources with a certain set of characteristics.
Details
Keywords
Ghahhar Zavosh and Marie-Ann Betschinger
In multi-business firms, mergers and acquisitions (M&As) serve as a primary growth strategy. Yet, within multi-business firms, the value of an M&A can vary substantially for the…
Abstract
In multi-business firms, mergers and acquisitions (M&As) serve as a primary growth strategy. Yet, within multi-business firms, the value of an M&A can vary substantially for the different business divisions. Despite this, divisional-level drivers of corporate acquisition decisions and the subsequent performance implications for the divisions remain insufficiently explored. This study, grounded in the internal capital market and resource redeployment theories, seeks to fill this gap by investigating a sample of 1,728 multi-business firms spanning from 1998 to 2017. The statistical findings suggest that firms engage in acquisitions to allocate resources to their more promising divisions, particularly those with higher growth prospects and greater potential for resource sharing among sister businesses. A post-hoc analysis reveals that acquisitions are associated with a rise in the performance of those divisions that are in the same business segment as the acquisition target.
Details
Keywords
The multipolar configuration of the current economic context has led management scholars to reconsider the existing theoretical perspectives that explain drivers and effects of…
Abstract
The multipolar configuration of the current economic context has led management scholars to reconsider the existing theoretical perspectives that explain drivers and effects of mergers and acquisitions (M&As).
The combination of structures, systems, processes and people imposed by M&A is a complex process that needs to be properly managed. This process can be divided into three phases of pre-combination, combination and post-combination. It evidences the dilemma of integrating two distinct firms and preserving their specific identities. In cross-border M&A, differences in organizational cultures increase the complexity of the integrative process and make it difficult for the companies that proceed to the merger to reach the preordained synergies, where the problem linked to the diversity of the national culture is added. A successful integration process allows to treat the elements of diversity as opportunities and not as obstacles.
Details
Keywords
Satu Teerikangas and Tomi Laamanen
While there is an increasing understanding of the challenges that can emerge in integration processes of cross-border mergers and acquisitions, there is a scarcity of research on…
Abstract
While there is an increasing understanding of the challenges that can emerge in integration processes of cross-border mergers and acquisitions, there is a scarcity of research on how the different integrative activities should be temporally sequenced. Based on an in-depth analysis of three acquisitions, we find that structural and cultural integration are intertwined. We find that cultural integration will begin only once structural integration is in progress. Cultural differences can, however, impede structural integration if structural integration is done in conflict with the existing culture of the acquired company. Thus, structural integration should come first, but it should be done in appreciation with the acquired company’s existing culture. Cultural change is then facilitated in an iterative manner over time by the new structure. Our chapter contributes to an improved understanding of the temporal dynamics of integration by demonstrating the mutually reinforcing effects of structural and cultural integration in cross-border acquisitions.
Details
Keywords
Abstract
Details
Keywords
Purpose: Forces of fragmentation make achieving climate change goals difficult. Social media is enabling more stakeholders to get involved in sustainability debates. This study…
Abstract
Purpose: Forces of fragmentation make achieving climate change goals difficult. Social media is enabling more stakeholders to get involved in sustainability debates. This study aimed to investigate the debates taking place about sustainability on Twitter using the hashtag #ClimateAction as a search term, to identify influential actors and their connections with other users on the platform.
Methodology: NodeXL was used to investigate the social network structure of actors discussing #ClimateAction on Twitter. Tweets were thematically used to identify the topics being discussed. The most influential actors involved in the network were identified. The tweets included in the analysis were posted between Saturday 17 August and Thursday 22 August 2019. The data set was obtained from Twitter on 22 August 2019 and was downloaded from NodeXL Graph Gallery.
Findings: The network included 14,512 Twitter users whose recent tweets contained #ClimateAction, or who were replied to or mentioned in those tweets. The network included 38,855 unique edges with an average geodesic distance of 4.19, indicating a close network. Five key themes were identified: Encouraging action, Citizen movements and activists, Climate change and its effects on the planet, Politics, policies and approaches for climate change and Climate research.
Originality: The study provides new qualitative insights into how Twitter is used as a platform for debate and agenda setting for sustainability. The debate was not as polarized as previous research suggests which may reflect the global nature of Twitter and the increased capacity for advocates to shape policy debates about sustainability on social media.
Details
Keywords
This chapter examines the ways social media, analytics, and disruptive technologies are combined and leveraged by political campaigns to increase the probability of victory…
Abstract
This chapter examines the ways social media, analytics, and disruptive technologies are combined and leveraged by political campaigns to increase the probability of victory through micro-targeting, voter engagement, and public relations. More specifically, the importance of community detection, social influence, natural language processing and text analytics, machine learning, and predictive analytics is assessed and reviewed in relation to political campaigns. In this context, data processing is examined through the lens of the General Data Protection Regulation (GDPR) effective as of May 25, 2018. It is concluded that while data processing during political campaigns does not violate the GDPR, electoral campaigns engage in surveillance, thereby violating Articles 12 and 19, in respect to private life, and freedom of expression accordingly, as stated in the 1948 Universal Declaration of Human Rights.