Abstract:Embasados na perspectiva de redes industriais e na literatura de canais de distribuição, neste artigo analisamos poder e mudanças pós-aquisição internacional, ocorridas nos relacionamentos da adquirida com fornecedores e compradores. Especificamente, investigamos se e como a variável poder influencia mudanças pós-aquisição internacional na rede de relacionamentos da adquirida. Para tanto, desenvolvemos um estudo de caso, com base em entrevistas semiestruturadas com representantes da adquirente, adquirida, forn… Show more
“…On top of it, this type and direction of change was considered the most important post-acquisition change. Interestingly enough, this finding has not been reported in the literature on M&A at the network level (Havila & Salmi, 2000, even in those empirical studies that place particular emphasis on types of managerial changes that follow M&A (Degbey & Pelto, 2013;Esper et al, 2010;Freitas et al, 2008). As this piece of research is, to our knowledge, the first to delve into the non-economic dimension of post-acquisition changes in acquired firm relationships, we present preliminary evidence that professionalism is a typical noneconomic post-acquisition change beyond the dyad.…”
Section: Discussionmentioning
confidence: 50%
“…As the degree of dependence assumes the role of the dependent variable, here it is suggested that it is a type of change that follows M&A. In this sense, it takes on the role of neither the mediating (Rezende & Duarte, 2004) nor the moderating (Esper et al, 2010;Oberg et al, 2011) variable in M&A at the network level. Based on this, we recommend that future empirical studies should contrast these views in order to shed more light on the role of the degree of dependence in the non-economic dimension of post-acquisition changes in the relationships of the acquired firm.…”
Section: Discussionmentioning
confidence: 99%
“…By adopting a different, yet complementary viewpoint, Forsgren and Olsson (1992), Esper et al (2010) and Rezende and Duarte (2004) introduce a political view to explain post-acquisition changes at the network level. In doing so, they underscore the degree of dependence between actors and how it changes after M&A.…”
Section: Theoretical Backgroundmentioning
confidence: 99%
“…Accordingly, the acquired firm's potential and/or exercised power is affected by M&A and this, in turn, influences the introduction of new management practices such as marketing and production into acquired firm relationships. Esper et al (2010) propose an alternative view by hypothesizing that the degree of dependence is the moderating variable. Based on Emerson (1962) and Cook (1977), their model suggests that M&A trigger economic and non-economic changes, this causal relationship being contingent on the degree of dependence between the dyad and buyers and suppliers.…”
Building on the relational view of M&A suggested by the Industrial Network Approach, we looked at the non-economic dimension of post-acquisition changes in the relationships of the acquired firm. Based on a 2x2 matrix, this is illustrated by the relationships between the acquired firm with for-profit organizations through which non-economic resources are transacted (called Social) or with non-profit organizations with which it transacts either economic (called Partnership) or non-economic resources (called Community). We built a qualitative case study from the acquisition of the Brazilian firm Paraíso Group by the Swiss multinational Holcim, and focused on ten relationships of the acquired firm. We found that these relationships changed in terms of professionalism, degree of dependence and number of actors. An increase in professionalism is observed in all the relationships. This type and direction of change was considered the most important post-acquisition change. The degree of dependence and number of actors changes happened in specific segments of the acquired firm's network, represented by the Community and Social relationships, respectively.
“…On top of it, this type and direction of change was considered the most important post-acquisition change. Interestingly enough, this finding has not been reported in the literature on M&A at the network level (Havila & Salmi, 2000, even in those empirical studies that place particular emphasis on types of managerial changes that follow M&A (Degbey & Pelto, 2013;Esper et al, 2010;Freitas et al, 2008). As this piece of research is, to our knowledge, the first to delve into the non-economic dimension of post-acquisition changes in acquired firm relationships, we present preliminary evidence that professionalism is a typical noneconomic post-acquisition change beyond the dyad.…”
Section: Discussionmentioning
confidence: 50%
“…As the degree of dependence assumes the role of the dependent variable, here it is suggested that it is a type of change that follows M&A. In this sense, it takes on the role of neither the mediating (Rezende & Duarte, 2004) nor the moderating (Esper et al, 2010;Oberg et al, 2011) variable in M&A at the network level. Based on this, we recommend that future empirical studies should contrast these views in order to shed more light on the role of the degree of dependence in the non-economic dimension of post-acquisition changes in the relationships of the acquired firm.…”
Section: Discussionmentioning
confidence: 99%
“…By adopting a different, yet complementary viewpoint, Forsgren and Olsson (1992), Esper et al (2010) and Rezende and Duarte (2004) introduce a political view to explain post-acquisition changes at the network level. In doing so, they underscore the degree of dependence between actors and how it changes after M&A.…”
Section: Theoretical Backgroundmentioning
confidence: 99%
“…Accordingly, the acquired firm's potential and/or exercised power is affected by M&A and this, in turn, influences the introduction of new management practices such as marketing and production into acquired firm relationships. Esper et al (2010) propose an alternative view by hypothesizing that the degree of dependence is the moderating variable. Based on Emerson (1962) and Cook (1977), their model suggests that M&A trigger economic and non-economic changes, this causal relationship being contingent on the degree of dependence between the dyad and buyers and suppliers.…”
Building on the relational view of M&A suggested by the Industrial Network Approach, we looked at the non-economic dimension of post-acquisition changes in the relationships of the acquired firm. Based on a 2x2 matrix, this is illustrated by the relationships between the acquired firm with for-profit organizations through which non-economic resources are transacted (called Social) or with non-profit organizations with which it transacts either economic (called Partnership) or non-economic resources (called Community). We built a qualitative case study from the acquisition of the Brazilian firm Paraíso Group by the Swiss multinational Holcim, and focused on ten relationships of the acquired firm. We found that these relationships changed in terms of professionalism, degree of dependence and number of actors. An increase in professionalism is observed in all the relationships. This type and direction of change was considered the most important post-acquisition change. The degree of dependence and number of actors changes happened in specific segments of the acquired firm's network, represented by the Community and Social relationships, respectively.
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