This paper analyzes data on the largest mergers and acquisition (M&A) announcements in the 1990s and the contextual factors that determine their completion or withdrawal. Drawing on institutional theory, we argue that the completion of an M&A is more likely to the extent that the institutional...

In this paper, we analyze data on the world's largest merger and acquisition (Mamp;A) announcements in the 1990s to explore the relational factors that determine their completion or withdrawal. Existing research on this little understood phenomenon in the Mamp;A process typically focuses on the...

Cross-border mergers and acquisitions (Mamp;As) have become the dominant mode of growth for firms seeking competitive advantage in an increasingly complex and global business economy. Although Human Resource Management (HRM) can play a value-adding role in the merger process, existing research...

Corruption poisons corporations in America and around the world and has devastating consequences for the entire social fabric. In this paper, we review the main studies on corruption in different "societies of organizations," and suggest that further research needs to be done on the genesis of...

This study directly tests how, to what extent, and in what ways different institutional levels influence organizational action. It responds to the call for multi-level research in institutional theory, as prior research has mostly focused on studying one level of analysis. We examine how...

This paper analyzes corporate governance systems in five Latin American countries: Argentina, Brazil, Chile, Colombia and Venezuela. We account for the broader institutional environment by explaining changes over time as well as existing corporate governance systems. We use a stakeholder...

Intercorporate relations represent the structure of a country's economic organization and influence key outcomes such as a country's overall competitiveness. Research on this topic has focused on the nature of these relations in terms of directorship interlocks, the incentives to establish them,...

Mergers and acquisitions lead to important changes in corporate governance including the constitution of a new board of directors and top management team (TMT). While there exists substantive research on TMT behavior of acquired firms, we know relatively little about the factors influencing...

Corporate governance lies at the heart of contemporary debates over internationalization and varieties of capitalism. Despite this growing attention to cross-national diversity, a unified comparative framework remains elusive. This article develops a theoretical model to describe and explain...

Multinational corporations, especially those with headquarters in the U.S., are often singled out as the flagship of globalization. Empirical research on the internationalization trends of U.S. MNCs' subsidiaries shows mixed findings regarding the rationale for the choice of foreign location. In...