Mergers and acquisitions can be a mechanism used by firms to access innovative knowledge, including intellectual property, and to strengthen and expand their core capabilities. In the mergers and acquisition context, the creation of value depends on the transfer of capabilities and knowledge being carried out successfully during the post-acquisition integration process. The paper adopts this view. It examines the role of the top management and personnel who hold knowledge and skills linked to the capability of the acquired firm considered most valuable by the acquiring firm in the transfer of knowledge from the acquired firm to the acquiring firm. The paper also examines whether the impact of the retention of the acquired firm's high-value human resources (HVHR) on knowledge transfer is moderated by the degree of embeddedness of the knowledge to be transferred. Furthermore, the study identifies the factors that influence the retention of the acquired firm's HVHR. We tested the model using data from a sample of 57 domestic, related, friendly Spanish mergers and acquisitions belonging to a wide variety of industries. The results support the notion that the more embedded the knowledge, the greater the impact of the acquired firm's HVHR retention on the knowledge transfer. They also show that the autonomy granted to the acquired firm, the frequency of use of rich media among the personnel of both firms, and the acquired firm's pre-acquisition profitability are factors encouraging the acquired firm's HVHR to remain. The study contributes to the literature on knowledge transfer in mergers and acquisitions by highlighting the relevance of retention of the acquired firm's HVHR for knowledge transfer, as well as demonstrating the importance of taking into consideration the nature of the knowledge to be transferred. It also contributes to the literature on the implementation process in mergers and acquisitions by identifying factors available to managers to favor HVHR continuity in the acquiring firm or the one resulting from the merger.
Work-life balance issues are very important for those companies interested in Corporate Social Responsibility. Using a sample of 511 Spanish employees, this work examines the effect of family-friendly psychological climate (FFPC) on altruism through job satisfaction. It also considers the moderating effect of gender on the studied relationships. The results obtained through structural equation analysis show (1) a positive association between FFPC and altruistic behaviors of employees; (2) that job satisfaction mediates the relationship between the perceptions of managerial support and altruism and (3) that the perception of managerial support directly leads to the development of altruistic behaviors in the case of women and, in the case of men, only when this support affects satisfaction. These findings have some managerial implications. For instance, firms interested in promoting altruistic behaviors among their employees could incorporate into the performance appraisal system the assessment of managers' assistance to employees.
This article develops and tests a theoretical model to find out which factors influence the behaviour of supervisors in terms of promoting a work-family culture. This model explains to what extent the factors studied are relevant to encourage deans to promote this type of culture at Spanish universities. The hypotheses were tested using linear regression analysis. Data were obtained through a questionnaire to deans. The results yield five key factors: (1) the personal work-family conflict of managers; (2) the transformational leadership style of managers; (3) the identification with subordinates in need of work-family cares; (4) the perceived institutional support; and (5) the perceived support from other supervisors in the centre. The findings have practical implications for human resources management (HRM) practices. Human resources management practices such as (a) providing deans and other supervisors with training about the importance of work-family programs; (b) promoting deans' training in order to develop transformational leadership skills; or (c) increasing institutional support can be useful when implementing a work-family culture in Spanish universities.
This study analyses the influence of various characteristics of the Board of Directors on the control and risk of the compensation of the Chief Executive Officer (CEO). It also examines the effect on these variables of some of the CEO personal characteristics and of various contingencies of the firm. The results reveal that control of the CEO compensation is determined fundamentally by the CEO participation in the capital of the firm, while the level of risk of the CEO compensation package is higher when the firm is diversified and implements a proactive competitive strategy.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.