2019
DOI: 10.3390/su11020525
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Why Do Sustainable Mergers Fail to Manage Entrepreneurship?

Abstract: This paper proposes a conceptual model using four failed mergers (Federated -Fingerhut, KCPL and Western Resources, Daimler–Chrysler and Alcatel–Lucent) and distinguishes two types of dimensions: type of failure (tangible and intangible) and degree of failure (fixable and unfixable). Using case studies as a research strategy and focusing on the Alcatel–Lucent merger, as an example of an idiosyncratic type of “merger of equals”, the model identifies the entrepreneurial conflict variable as a missed step for obt… Show more

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Cited by 3 publications
(4 citation statements)
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“…Among the Spanish entrepreneurs, facilitating conditions; effort and performance expectancy; hedonic motivation; social influence; and behavioral intentions positively and significantly affect the sustainable business model innovation [20]. Sarabia et al [21] propose that entrepreneurship's conflict constructs are not successful initiatives to attain a sustainable merger practice over time. In the perception of Uhlaner, Brent, and Jeurisse [22], firms with a more pioneering orientation have more preference towards establishing sustainable entrepreneurship behaviors.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Among the Spanish entrepreneurs, facilitating conditions; effort and performance expectancy; hedonic motivation; social influence; and behavioral intentions positively and significantly affect the sustainable business model innovation [20]. Sarabia et al [21] propose that entrepreneurship's conflict constructs are not successful initiatives to attain a sustainable merger practice over time. In the perception of Uhlaner, Brent, and Jeurisse [22], firms with a more pioneering orientation have more preference towards establishing sustainable entrepreneurship behaviors.…”
Section: Literature Reviewmentioning
confidence: 99%
“…From an acquirer's point of view, the target company can present firm-specific factors which include, among others, the financial constraints [31], the technological and market relatedness between the involved companies [32,33], financial information [34], or the sustainable approach [7,35]. From the acquirer's point of view, the main reasons for closing a M&A are: synergy [18,34], agency [36,37] and hubris [11,38] when purchasing a controlling interest, or financing, contracting or governance motives, in the case of purchasing less than 50% of target company's shares [39].…”
Section: Mandas-strategic and Environmentally Committed Decisions For...mentioning
confidence: 99%
“…When analyzing the importance of sustainable behavior in M&A transactions, we consider the position reflected in Figure 1. are: synergy [18,34], agency [36,37] and hubris [11,38] when purchasing a controlling interest, or financing, contracting or governance motives, in the case of purchasing less than 50% of target company's shares [39].…”
Section: Mandas-strategic and Environmentally Committed Decisions For...mentioning
confidence: 99%
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