IDEAS home Printed from https://ideas.repec.org/a/spr/sjobre/v72y2020i4d10.1007_s41471-020-00104-2.html
   My bibliography  Save this article

Organisationsstruktur und Führungsstil nach Akquisitionen – eine empirische Untersuchung
[Organizational Structure and Leadership Style after Acquisitions – an Empirical Study]

Author

Listed:
  • Tobias Kretschmer

    (Ludwig-Maximilians-Universität München (LMU))

  • Christoph Dehne

    (Ludwig-Maximilians-Universität München (LMU))

Abstract

Zusammenfassung Viele Akquisitionen bleiben hinter den in sie gesetzten Erwartungen zurück. Ein Grund hierfür kann sein, dass Synergien nur dann realisiert werden, wenn der Akquisition ein erfolgreicher Post-Merger-Integrationsprozess folgt, der häufig Veränderungen in der Organisationsstruktur und im Führungsstil impliziert. Anhand einer Stichprobe von 230 europäischen Unternehmen untersuchen wir die Tendenz der akquirierten Unternehmen, die Organisationsstruktur und den Führungsstil des akquirierenden Unternehmens zu übernehmen. Unsere Ergebnisse zeigen, dass Veränderungen hauptsächlich im akquirierten Unternehmen stattfinden und dass Veränderungen im Führungsstil oft durch Änderungen der Unternehmensstruktur bedingt werden.

Suggested Citation

  • Tobias Kretschmer & Christoph Dehne, 2020. "Organisationsstruktur und Führungsstil nach Akquisitionen – eine empirische Untersuchung [Organizational Structure and Leadership Style after Acquisitions – an Empirical Study]," Schmalenbach Journal of Business Research, Springer, vol. 72(4), pages 479-512, December.
  • Handle: RePEc:spr:sjobre:v:72:y:2020:i:4:d:10.1007_s41471-020-00104-2
    DOI: 10.1007/s41471-020-00104-2
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s41471-020-00104-2
    File Function: Abstract
    Download Restriction: no

    File URL: https://libkey.io/10.1007/s41471-020-00104-2?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ingmar Björkman & Günter K Stahl & Eero Vaara, 2007. "Cultural differences and capability transfer in cross-border acquisitions: the mediating roles of capability complementarity, absorptive capacity, and social integration," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 38(4), pages 658-672, July.
    2. Jack A. Nickerson & Todd R. Zenger, 2002. "Being Efficiently Fickle: A Dynamic Theory of Organizational Choice," Organization Science, INFORMS, vol. 13(5), pages 547-566, October.
    3. Margarethe F. Wiersema & Harry P. Bowen, 2009. "The use of limited dependent variable techniques in strategy research: issues and methods," Strategic Management Journal, Wiley Blackwell, vol. 30(6), pages 679-692, June.
    4. Richard M. Burton & Jørgen Lauridsen & Børge Obel, 2002. "Return on Assets Loss from Situational and Contingency Misfits," Management Science, INFORMS, vol. 48(11), pages 1461-1485, November.
    5. Robert E. Quinn & Kim Cameron, 1983. "Organizational Life Cycles and Shifting Criteria of Effectiveness: Some Preliminary Evidence," Management Science, INFORMS, vol. 29(1), pages 33-51, January.
    6. J. Robert Baum & Stefan Wally, 2003. "Strategic decision speed and firm performance," Strategic Management Journal, Wiley Blackwell, vol. 24(11), pages 1107-1129, November.
    7. Audrey Rouziès & Helene Loe Colman & Duncan Angwin, 2019. "Recasting the dynamics of post-acquisition integration: An embeddedness perspective," Post-Print hal-02281788, HAL.
    8. Lex Donaldson, 1987. "Strategy And Structural Adjustment To Regain Fit And Performance: In Defence Of Contingency Theory," Journal of Management Studies, Wiley Blackwell, vol. 24(1), pages 1-24, January.
    9. Raffaella Sadun & John Van Reenen & Nick Bloom, 2008. "Measuring And Explaining Decentralization Across Firms And Countries," 2008 Meeting Papers 246, Society for Economic Dynamics.
    10. Sea-Jin Chang & Arjen van Witteloostuijn & Lorraine Eden, 2010. "From the Editors: Common method variance in international business research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 41(2), pages 178-184, February.
    11. Lois M. Shelton, 1988. "Strategic business fits and corporate acquisition: Empirical evidence," Strategic Management Journal, Wiley Blackwell, vol. 9(3), pages 279-287, May.
    12. Federica Ceci & Francesca Masciarelli & Andrea Prencipe, 2016. "Changes in Organizational Architecture: Aspiration Levels, Performance Gaps and Organizational Change," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 13(01), pages 1-21, February.
    13. Phanish Puranam & Harbir Singh & Saikat Chaudhuri, 2009. "Integrating Acquired Capabilities: When Structural Integration Is (Un)necessary," Organization Science, INFORMS, vol. 20(2), pages 313-328, April.
    14. Cummings, Stephen, 1995. "Centralization and decentralization: The neverending story of separation and betrayal," Scandinavian Journal of Management, Elsevier, vol. 11(2), pages 103-117, June.
    15. Melissa E. Graebner & Koen H. Heimeriks & Quy N. Huy & Eero Vaara, 2017. "The Process of Postmerger Integration : A Review and Agenda for Future Research," Post-Print hal-02311973, HAL.
    16. Li, Kai & Qiu, Buhui & Shen, Rui, 2018. "Organization Capital and Mergers and Acquisitions," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 53(4), pages 1871-1909, August.
    17. Harbir Singh & Cynthia A. Montgomery, 1987. "Corporate acquisition strategies and economic performance," Strategic Management Journal, Wiley Blackwell, vol. 8(4), pages 377-386, July.
    18. Glenn Hoetker, 2007. "The use of logit and probit models in strategic management research: Critical issues," Strategic Management Journal, Wiley Blackwell, vol. 28(4), pages 331-343, April.
    19. James G. March, 1991. "Exploration and Exploitation in Organizational Learning," Organization Science, INFORMS, vol. 2(1), pages 71-87, February.
    20. Annette L. Ranft & Michael D. Lord, 2002. "Acquiring New Technologies and Capabilities: A Grounded Model of Acquisition Implementation," Organization Science, INFORMS, vol. 13(4), pages 420-441, August.
    21. Marlo Raveendran, 2020. "Seeds of change: How current structure shapes the type and timing of reorganizations," Strategic Management Journal, Wiley Blackwell, vol. 41(1), pages 27-54, January.
    22. Rikard Larsson & Sydney Finkelstein, 1999. "Integrating Strategic, Organizational, and Human Resource Perspectives on Mergers and Acquisitions: A Case Survey of Synergy Realization," Organization Science, INFORMS, vol. 10(1), pages 1-26, February.
    23. Melissa E. Graebner & Koen H. Heimeriks & Quy N. Huy & Eero Vaara, 2017. "The Process of Postmerger Integration : A Review and Agenda for Future Research," Post-Print hal-02276670, HAL.
    24. Danny Miller, 1992. "Environmental Fit Versus Internal Fit," Organization Science, INFORMS, vol. 3(2), pages 159-178, May.
    25. Audrey Rouzies & Helene Loe Colman & Duncan Angwin, 2019. "Recasting the dynamics of post-acquisition integration: An embeddedness perspective," Post-Print hal-03279580, HAL.
    26. Xiaoli Yin & Edward J. Zajac, 2004. "The strategy/governance structure fit relationship: theory and evidence in franchising arrangements," Strategic Management Journal, Wiley Blackwell, vol. 25(4), pages 365-383, April.
    27. Ranjay Gulati & Phanish Puranam, 2009. "Renewal Through Reorganization: The Value of Inconsistencies Between Formal and Informal Organization," Organization Science, INFORMS, vol. 20(2), pages 422-440, April.
    28. Ji‐Yub (Jay) Kim & Sydney Finkelstein, 2009. "The effects of strategic and market complementarity on acquisition performance: evidence from the U.S. commercial banking industry, 1989–2001," Strategic Management Journal, Wiley Blackwell, vol. 30(6), pages 617-646, June.
    29. Danny Miller, 1987. "The structural and environmental correlates of business strategy," Strategic Management Journal, Wiley Blackwell, vol. 8(1), pages 55-76, January.
    30. Jon Aarum Andersen & Patrik Jonsson, 2006. "Does Organization Structure Matter? On The Relationship Between The Structure, Functioning And Effectiveness," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 3(03), pages 237-263.
    31. Jeffrey A. Krug & W. Harvey Hegarty, 1997. "Postacquisition turnover among U.S. top management teams: an analysis of the effects of foreign vs. domestic acquisitions of U.S. targets," Strategic Management Journal, Wiley Blackwell, vol. 18(8), pages 667-675, September.
    32. Günter K. Stahl & Andreas Voigt, 2008. "Do Cultural Differences Matter in Mergers and Acquisitions? A Tentative Model and Examination," Organization Science, INFORMS, vol. 19(1), pages 160-176, February.
    33. John W. Hunt, 1990. "Changing pattern of acquisition behaviour in takeovers and the consequences for acquisition processes," Strategic Management Journal, Wiley Blackwell, vol. 11(1), pages 69-77, January.
    34. Michael Lubatkin, 1987. "Merger strategies and stockholder value," Strategic Management Journal, Wiley Blackwell, vol. 8(1), pages 39-53, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Aseem Kaul & Brian Wu, 2016. "A capabilities-based perspective on target selection in acquisitions," Strategic Management Journal, Wiley Blackwell, vol. 37(7), pages 1220-1239, July.
    2. Wang, Daojuan & Hain, Daniel S. & Larimo, Jorma & Dao, Li T., 2020. "Cultural differences and synergy realization in cross-border acquisitions," International Business Review, Elsevier, vol. 29(3).
    3. Ahammad, Mohammad Faisal & Tarba, Shlomo Yedidia & Liu, Yipeng & Glaister, Keith W., 2016. "Knowledge transfer and cross-border acquisition performance: The impact of cultural distance and employee retention," International Business Review, Elsevier, vol. 25(1), pages 66-75.
    4. Ai, Qi & Tan, Hui, 2020. "Uncovering neglected success factors in post-acquisition reverse capability transfer: Evidence from Chinese multinational corporations in Europe," Journal of World Business, Elsevier, vol. 55(3).
    5. Colman, Helene Loe, 2020. "Facilitating integration and maintaining autonomy: The role of managerial action and interaction in post-acquisition cabability transfer," Journal of Business Research, Elsevier, vol. 109(C), pages 148-160.
    6. Chondrakis, George, 2016. "Unique synergies in technology acquisitions," Research Policy, Elsevier, vol. 45(9), pages 1873-1889.
    7. Maria Chiara Di Guardo & Kathryn Rudie Harrigan & Elona Marku, 2019. "M&A and diversification strategies: what effect on quality of inventive activity?," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 23(3), pages 669-692, September.
    8. Bauer, Florian & King, David & Matzler, Kurt, 2016. "Speed of acquisition integration: Separating the role of human and task integration," Scandinavian Journal of Management, Elsevier, vol. 32(3), pages 150-165.
    9. Satu Teerikangas & Olivier Irrmann, 2016. "Cultural Change Following International Acquisitions: Cohabiting the Tension Between Espoused and Practiced Cultures," Management International Review, Springer, vol. 56(2), pages 195-226, April.
    10. Strobl, Andreas & Bauer, Florian & Matzler, Kurt, 2020. "The impact of industry-wide and target market environmental hostility on entrepreneurial leadership in mergers and acquisitions," Journal of World Business, Elsevier, vol. 55(2).
    11. Uriel Stettner & Dovev Lavie, 2014. "Ambidexterity under scrutiny: Exploration and exploitation via internal organization, alliances, and acquisitions," Strategic Management Journal, Wiley Blackwell, vol. 35(13), pages 1903-1929, December.
    12. Strobl, Andreas & Bauer, Florian & Degischer, Daniel, 2022. "Contextualizing deliberate learning from acquisitions: The role of organizational and target contexts," Journal of Business Research, Elsevier, vol. 139(C), pages 194-207.
    13. Sears, Joshua B. & Hitt, Michael A., 2023. "Post-acquisition integrative invention and differences in the quality of target and acquirer technological capabilities," Journal of Business Research, Elsevier, vol. 156(C).
    14. Zhang, Xiaotao & Liu, Yipeng & Tarba, Shlomo Y. & Giudice, Manlio Del, 2020. "The micro-foundations of strategic ambidexterity: Chinese cross-border M&As, Mid-View thinking and integration management," International Business Review, Elsevier, vol. 29(6).
    15. Tian Wei & Jeremy Clegg, 2020. "Untangling the Integration–Performance Link: Levels of Integration and Functional Integration Strategies in Post‐Acquisition Integration," Journal of Management Studies, Wiley Blackwell, vol. 57(8), pages 1643-1689, December.
    16. Feiqiong Chen & Yao Chen & Fangfang Zhong, 2017. "Integration decision-making in technology-sourcing cross-border M&As: a mathematical model," Computational and Mathematical Organization Theory, Springer, vol. 23(4), pages 524-545, December.
    17. Schweizer, Lars & Patzelt, Holger, 2012. "Employee commitment in the post-acquisition integration process: The effect of integration speed and leadership," Scandinavian Journal of Management, Elsevier, vol. 28(4), pages 298-310.
    18. Feiqiong Chen & Qiaoshuang Meng & Fei Li, 2017. "How resource information backgrounds trigger post-merger integration and technology innovation? A dynamic analysis of resource similarity and complementarity," Computational and Mathematical Organization Theory, Springer, vol. 23(2), pages 167-198, June.
    19. Feiqiong Chen & Yin Wang, 2014. "Integration risk in cross-border M&A based on internal and external resource: empirical evidence from China," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(1), pages 281-295, January.
    20. Daniel Dauber & Gerhard Fink & Maurice Yolles, 2012. "A Configuration Model of Organizational Culture," SAGE Open, , vol. 2(1), pages 21582440124, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sjobre:v:72:y:2020:i:4:d:10.1007_s41471-020-00104-2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.