Post-acquisition control strategy and cross-border acquisition performance of Chinese MNEs : a fsQCA approach
Purpose: Post-acquisition control is a crucial factor affecting acquisition performance. We investigate how post-acquisition control strategy affects cross-border acquisition performance of Chinese multinational enterprises (MNEs) through a configurational perspective. Design/methodology/approach: Based on 70 cross-border acquisition cases by Chinese MNEs, we adopt fuzzy-set qualitative comparative analysis (fsQCA) to study the combined effects of strategic control, operational control, institutional distance, cultural distance, relative capacity and business relatedness on the cross-border acquisition performance. Findings: On the basis of fuzzy set analysis of multiple interdependent factors, we identify six configurations that are conductive to achieving high cross-border acquisition performance and two configurations that relate to the absence of high performance, thus shedding light on the casually complex nature of performance drivers of acquisitions. Originality/value: This study provides a holistic, configurational approach to investigating cross-border acquisition performance by emerging market firms. Our results provide some compelling evidence that accounts for the causal complexity of post-acquisition control strategies and acquisition outcomes in the context of emerging economies.
Year of publication: |
2021
|
---|---|
Authors: | Yue, Qi ; Deng, Ping ; Cao, Yanyan ; Hua, Xing |
Published in: |
Management Decision. - Emerald, ISSN 0025-1747, ZDB-ID 2023018-7. - Vol. 59.2021, 12 (09.03.), p. 2970-2991
|
Publisher: |
Emerald |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Effect of acquisition type on industrial development in emerging markets : evidence from China
Yue, Qi, (2022)
-
Hua, Xing, (2017)
-
Yue, Qi, (2020)
- More ...