دانلود رایگان مقاله انگلیسی تأثیر صنعت و محیط بازار هدف به رهبری کارآفرینی در ادغام و اکتساب - الزویر 2018

عنوان فارسی
تأثیر صنعت و محیط بازار هدف به رهبری کارآفرینی در ادغام و اکتساب
عنوان انگلیسی
The impact of industry-wide and target market environmental hostility on entrepreneurial leadership in mergers and acquisitions
صفحات مقاله فارسی
0
صفحات مقاله انگلیسی
18
سال انتشار
2018
نشریه
الزویر - Elsevier
فرمت مقاله انگلیسی
PDF
نوع مقاله
ISI
نوع نگارش
مقالات پژوهشی (تحقیقاتی)
رفرنس
دارد
پایگاه
اسکوپوس
کد محصول
E9192
رشته های مرتبط با این مقاله
مدیریت
گرایش های مرتبط با این مقاله
مدیریت اجرایی، کارآفرینی
مجله
مجله تجارت جهانی - Journal of World Business
دانشگاه
Department of Strategic Management - Marketing and Tourism - University of Innsbruck - Austria
کلمات کلیدی
رهبری کارآفرینی، ادغام و اکتساب، اکتشاف، بهره برداری، خصومت محیطی، ائتلاف پس از ادغام
doi یا شناسه دیجیتال
https://doi.org/10.1016/j.jwb.2018.03.002
چکیده

ABSTRACT


Based on survey data from 115 acquisitions completed between 2008 and 2011 by European acquirers from German-speaking countries, we find evidence that entrepreneurial leadership is a strong predictor of exploration and a weaker but significant driver of exploitation outcomes following M&A. Industry-wide environmental hostility negatively impacts the influence of entrepreneurial leadership on exploitation. Target market environmental hostility negatively impacts the influence of entrepreneurial leadership on exploration. Thus, while entrepreneurial leadership is a key success factor of M&A performance by increasing both, post-merger exploration and exploitation, acquirers need to take environmental conditions at the industry and market level into account.

نتیجه گیری

6. Conclusion


In closing, our research contributes to acquisition research in several ways. First, we demonstrate that entrepreneurial leadership is important for acquisition implementation and thus, for acquisition performance. Second, we give evidence that acquisitions provide firms several pathways to performance via exploration and exploitation. Third, the diverging results on the contingency factors of industry-wide and target market environmental hostility give evidence that acquisition performance does not solely derive from internal reconfiguration and realignment measures but is additionally impacted by external circumstances.



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