Managerial retention in cross-border acquisitions: Examining institutional influence

Richard A. Devine, Kátia de Melo Galdino, Bruce T. Lamont

Research output: Contribution to book or proceedingChapterpeer-review

1 Scopus citations

Abstract

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.

Original languageEnglish
Title of host publicationTechnology Innovation Entrepreneurship and Competitive Strategy
PublisherEmerald Group Publishing Ltd.
Pages59-76
Number of pages18
DOIs
StatePublished - 2016

Publication series

NameTechnology Innovation Entrepreneurship and Competitive Strategy
Volume15
ISSN (Print)1479-067X

Scopus Subject Areas

  • Strategy and Management
  • Management of Technology and Innovation

Keywords

  • Cross-border acquisitions
  • Institutional theory
  • Resource-based theory
  • Top management team retention

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