Post-acquisition Performance: Contingency of Acquisition Strategy. (20th October 2015)

• Record Type: Journal Article
• Authors: Lin, Liang-Hung; Ho, Yu-Ling; Lin, Wei-Hsin (Eugenia)
• Is Part Of: Procedia--social and behavioral sciences. Volume 207(2015)
• Page Start: 59
• Page End: 69
• Publication Date: 2015-10-20
• Subjects: acculturation -- acquisition strategy -- organizational integration -- post-acquisition performance; Social sciences -- Periodicals; Social sciences -- Congresses; Arts -- Periodicals; Arts -- Congresses; Humanities -- Periodicals; Humanities -- Congresses; 300
• DOI: 10.1016/j.sbspro.2015.10.154
• Languages: English
• ISSNs: 1877-0428

Abstract

Abstract: This paper concerns the relationship between acculturation in acquisitions ( X 1 ), the acquirer's acquisition strategy ( X 2 ), and organizational integration ( X 3 ) between acquirer and target organizations, as well as their interactive effect ( X 1 X 2 X 3 ) on post-acquisition performance. The empirical results drawn by 154 acquisitions in the Taiwanese electronics and information sector reveal the existence of three-way interaction and show: (1) related acquisition with high degree of acculturation and integration is associated with high performance, whereas unrelated acquisition with low degree of acculturation and high degree of integration is associated with high performance; (2) organizational integration positively moderates the relationship between acculturation and performance; (3) integration has a stronger moderating effect in related acquisitions than in unrelated acquisitions.