TY - CHAP
T1 - Managerial retention in cross-border acquisitions
T2 - Examining institutional influence
AU - Devine, Richard A.
AU - de Melo Galdino, Kátia
AU - Lamont, Bruce T.
N1 - Publisher Copyright:
© 2016 by Emerald Group Publishing Limited.
PY - 2016
Y1 - 2016
N2 - This research fills a gap in the literature regarding managerial retention and performance in the context of cross-border acquisitions (CBA). Blending institutional with resource-based theories, this study posits that retaining acquired managers becomes more important in unfamiliar environments where the institutional infrastructure is underdeveloped. Our results support the theory. Contrary to expectations and prior research, however, the results also call into question the long-held belief that managerial retention is generally beneficial to post-acquisition performance. The findings and implications are discussed regarding managerial turnover, CBA, and the institutional environment.
AB - This research fills a gap in the literature regarding managerial retention and performance in the context of cross-border acquisitions (CBA). Blending institutional with resource-based theories, this study posits that retaining acquired managers becomes more important in unfamiliar environments where the institutional infrastructure is underdeveloped. Our results support the theory. Contrary to expectations and prior research, however, the results also call into question the long-held belief that managerial retention is generally beneficial to post-acquisition performance. The findings and implications are discussed regarding managerial turnover, CBA, and the institutional environment.
KW - Cross-border acquisitions
KW - Institutional theory
KW - Resource-based theory
KW - Top management team retention
UR - http://www.scopus.com/inward/record.url?scp=84991607079&partnerID=8YFLogxK
U2 - 10.1108/S1479-067X20160000015004
DO - 10.1108/S1479-067X20160000015004
M3 - Chapter
AN - SCOPUS:84991607079
T3 - Technology Innovation Entrepreneurship and Competitive Strategy
SP - 59
EP - 76
BT - Technology Innovation Entrepreneurship and Competitive Strategy
PB - Emerald Group Publishing Ltd.
ER -