The Role of Emotions in Cross-Border Mergers &amp; Acquisitions: A Systematic Review of the Inter-Disciplinary Literature and Future Research Agenda

Zahoor, Nadia; Khan, Zaheer; Sinkovics, Rudolf R.

doi:10.1016/j.intman.2022.100958

Cited by 11 publications

(18 citation statements)

References 161 publications

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“…All organizational phenomena are affected by psychological factors of cognition and behavior, and CBMAs are no exception (Zahoor et al. , 2022).…”

Section: Research Agenda and Conclusionmentioning

confidence: 99%

“…4.3.1 Psychological lenses. All organizational phenomena are affected by psychological factors of cognition and behavior, and CBMAs are no exception (Zahoor et al, 2022). Nevertheless, psychology-based studies in our reviewed studies mostly build on Hofstede's cultural approach (Table 2).…”

Section: Home Country Factors In Cbmas Bymentioning

confidence: 99%

“…Hope et al, 2011;Knoerich, 2010), leadership style, target employees' attitudes (Chen et al, 2019), identity reconstruction and commitment and retention, all of which are critical in determining CBMA success. Future studies could also reveal relevant psychological processes in EMFs' CBMAs by adding context idiosyncrasy to psychology-based studies in the CBMA and human resource management literature (Zahoor et al, 2022).…”

Section: Home Country Factors In Cbmas Bymentioning

confidence: 99%

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Home country influence in cross-border mergers and acquisitions by emerging market firms: a systematic review

He,

Padrón-Hernández

2024

MBR

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Purpose Emerging market firms (EMFs) are increasingly expanding their global presence through cross-border mergers and acquisitions (CBMAs). While such deals are distinct from those by advanced market firms, there is a need for a comprehensive understanding of how emerging home markets form this distinctiveness. This study aims to remedy this gap. Design/methodology/approach The authors conduct a systematic literature review of 84 empirical papers. Through a broad search string and seven exclusion criteria, the authors carefully select studies on country-level home factors of CBMAs by EMFs. Findings After summarizing paper volumes, journals and context factors of home/host countries and industries, the authors highlight different strands of institutional theory as the prevailing perspective and pre-M&A issues as the foremost theme. CBMAs by EMFs are influenced by distinct home-exclusive factors, and the mechanisms linking home-country factors to CBMAs by EMFs show significant inconsistencies across studies. Originality/value This review focuses on home country influence and thus goes beyond general characteristics of CBMAs by EMFs. The authors highlight more diverse types of home country factors and CBMA outcomes and, more importantly, take a closer look at involved mechanisms. Doing so, the authors identify gaps and disparities that have limited the understanding of home country influence in CBMAs by EMFs. To correct this, the authors offer a comprehensive roadmap for future research, contributing to EMF studies in particular and CBMA and international business research in general.

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“…All organizational phenomena are affected by psychological factors of cognition and behavior, and CBMAs are no exception (Zahoor et al. , 2022).…”

Section: Research Agenda and Conclusionmentioning

confidence: 99%

Section: Home Country Factors In Cbmas Bymentioning

confidence: 99%

Section: Home Country Factors In Cbmas Bymentioning

confidence: 99%

See 1 more Smart Citation

Home country influence in cross-border mergers and acquisitions by emerging market firms: a systematic review

He,

Padrón-Hernández

2024

MBR

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“…Chen et al also pointed out that, with the support of industrial policy, enterprises can obtain more cheap sources of funding, thereby strengthening the motivation for cross-border M&As. While some scholars hold the opposite opinion, they found that the role of industrial policy in promoting enterprise investment is not obvious, and even triggers excessive investment in industries supported by policies, making companies' investments inefficient [13].…”

Section: Introductionmentioning

confidence: 99%

Industrial Policy’s Effect on Cross-Border Mergers’ Decisions—Theoretical and Empirical Analysis

Chen

2022

Sustainability

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To explore the relationship between industrial policy and cross-border M&As in Chinese enterprises, the PSM method and a two-way fixed model were used. Using a sample of A-share listed companies during the period 2005–2019, we theoretically and empirically analyzed the mediating role of financial constraints and the moderating role of political connections between the companies. It was found that industrial policy has a significant positive effect on cross-border M&As and that firms’ financial constraints mediate the relationship between industrial policy and M&As. Political connections moderate the relationship between industrial policy and M&As. This study enriches the research on the relationship between industrial policy and firms’ M&A decisions from a micro perspective, and provides evidence of industrial policy promoting cross-border M&As through alleviating the financial constraints of the firms.

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“…Indeed, research found that emotional dynamics (Graebner et al, 2017) are critical determinants of employee attitudes and behaviours in M&As and, therefore, post-M&A integration performance (Sinkovics et al, 2011). However, while extensive research has been conducted on post-M&A integration (Greabner, 2017;Kroon et al, 2022;Steigenberger, 2017), there remains limited knowledge about the specific role of emotional dynamics during this phase (Klok et al, 2022;Zahoor et al, 2022).…”

Section: Chapter 1: Introductionmentioning

confidence: 99%

Emotional dynamics during post-acquisition integration

Klok

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This book investigates employee emotional dynamics during an unfolding merger and acquisition(M&A). More often than not, M&As fail, causing much damage to those involved. M&A performance is often translated into a monetary value. This perspective leads to technical(hard) instead of human (soft) steering mechanisms and strategies. This is surprising,as M&As are highly emotional events. Companies are full of employees who constantly experience positive and negative emotions. To a high degree, these emotions shape their attitudes, behaviours and decision-making. Light is shed on how emotions develop and progress over time, their positive and negative effects and their complex nature.These insights help comprehend employee emotional dynamics better. Enabling, for instance, firms to provide employees with better emotional support possibly lowers uncertainty and stress, ultimately preventing stress-related illnesses like burnout. Understanding employee emotions better might elevate M&A performance and overall well-being.

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The Role of Emotions in Cross-Border Mergers & Acquisitions: A Systematic Review of the Inter-Disciplinary Literature and Future Research Agenda

Cited by 11 publications

References 161 publications

Home country influence in cross-border mergers and acquisitions by emerging market firms: a systematic review

Home country influence in cross-border mergers and acquisitions by emerging market firms: a systematic review

Industrial Policy’s Effect on Cross-Border Mergers’ Decisions—Theoretical and Empirical Analysis

Emotional dynamics during post-acquisition integration

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