Abstract
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.
Original language | English |
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Pages (from-to) | 2339-2369 |
Number of pages | 31 |
Journal | International Journal of Human Resource Management |
Volume | 27 |
Issue number | 20 |
DOIs | |
State | Published - 12 Nov 2016 |
Externally published | Yes |
Bibliographical note
Publisher Copyright:© 2015 Informa UK Limited, trading as Taylor & Francis Group.
Keywords
- communication climate
- decision making
- mergers and acquisitions
- micro-behavioral
- process perspectives