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The emotions of top managers and key persons in cross-border M&As: Evidence from a longitudinal case study

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  • Hassett, Melanie E.
  • Reynolds, Noelia-Sarah
  • Sandberg, Birgitta

Abstract

Building on prior research on emotions in M&A, this paper analyses the post-M&A emotions of top managers and key persons from the acquired company by examining what triggers emotions during the post-acquisition integration stage, and what the consequences of those emotions are. This study applies cognitive appraisal and affective event theories with empirical evidence based on a longitudinal, single case study of an Indian–Finnish acquisition. The main findings imply that M&As are very emotional for top managers and key persons. Our findings reveal that they experience a wide range of positive and negative emotions triggered by individual and company-level triggers. Interestingly various triggers can have different and opposite appraisal outcomes in the short and long-term. In addition, top managers and key persons are often restricted in the range of behavioural outcomes caused by emotions.

Suggested Citation

  • Hassett, Melanie E. & Reynolds, Noelia-Sarah & Sandberg, Birgitta, 2018. "The emotions of top managers and key persons in cross-border M&As: Evidence from a longitudinal case study," International Business Review, Elsevier, vol. 27(4), pages 737-754.
    • Handle: RePEc:eee:iburev:v:27:y:2018:i:4:p:737-754
    DOI: 10.1016/j.ibusrev.2017.12.003
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    References listed on IDEAS

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