M&A and innovation: The role of integration and cultural differences—A central European targets perspective

Adams, 2006, Innovation management measurement: A review, International Journal of Management Reviews, 8, 21, 10.1111/j.1468-2370.2006.00119.x Ahuja, 2001, Technological acquisitions and the innovation performance of acquiring firms: A longitudinal study, Strategic Management Journal, 22, 197, 10.1002/smj.157 Alexander, 1995, Organizational demography and turnover: An examination of multiform and nonlinear heterogeneity, Human Relations, 48, 1455, 10.1177/001872679504801204 Ashforth, 1989, Social identity theory and the organization, Academy of Management Review, 14, 20, 10.5465/amr.1989.4278999 Bartlett, 2002 Barkema, 1998, International expansion through start-up or acquisition: A learning perspective, Academy of Management Journal, 41, 7, 10.2307/256894 Barkema, 2008, How do firms learn to make acquisitions? A review of past research and an agenda for the future, Journal of Management, 35, 594, 10.1177/0149206308316968 Baron, 1986, The moderator-mediator variable distinction in social psychological research: Conceptual, strategic, and statistical considerations, Journal of Personality and Social Psychology, 30, 1173, 10.1037/0022-3514.51.6.1173 Baskerville-Morley, 2005, A research note: The unfinished business of culture, Accounting, Organizations and Society, 30, 389, 10.1016/j.aos.2004.08.002 Baskerville, 2003, Hofstede never studied culture, Accounting, Organizations and Society, 28, 1, 10.1016/S0361-3682(01)00048-4 Baskerville, 2005, A research note: The unfinished business of culture, Accounting, Organizations and Society, Band, 30, 389, 10.1016/j.aos.2004.08.002 Bauer, 2014, Antecedents of M&A success: The role of strategic complementarity, cultural fit, and degree and speed of integration, Strategic Management Journal, 35, 269, 10.1002/smj.2091 Benner, 2003, Exploitation, exploration, and process management: The productivity dilemma revisted, The Academy of Management Review, 28, 238, 10.5465/amr.2003.9416096 Bertrand, 2006, R&D and M&A: Are cross-border M&A different? An investigation on OECD countries, International Journal of Industrial Organization, 24, 401, 10.1016/j.ijindorg.2005.07.006 Birkinshaw, 2000, Managing the post-acquisition integration process: How the human integration and task integration processes interact to foster value creation, Journal of Management Studies, 37, 395, 10.1111/1467-6486.00186 Björkman, 2007, Cultural differences and capability transfer in cross-border acquisitions: The mediating roles of capability complementarity, absorve capacity, and social integration, Journal of International Business Studies, 38, 658, 10.1057/palgrave.jibs.8400287 Blonigen, 2000, R&D intensity and acquisitions in high-technology industries: Evidence from the US electronic and electrical equipment industries, The Journal of Industrial Economics, 48, 47, 10.1111/1467-6451.00112 Bower, 2004, When we study M&A, what are we learning?, 235 Bresman, 1999, Knowledge transfer in international acquisitions, Journal of International Business Studies, 30, 439, 10.1057/palgrave.jibs.8490078 Bresman, 2010, Knowledge transfer in international acquisitions, Journal of International Business Studies, 41, 5, 10.1057/jibs.2009.56 Bryman, 2005 Buono, 1985, When cultures collide: The anatomy of merger, Human Relations, 38, 477, 10.1177/001872678503800506 Capron, 1999, The long-term performance of horizontal acquisitions, Strategic Management Journal, 20, 987, 10.1002/(SICI)1097-0266(199911)20:11<987::AID-SMJ61>3.0.CO;2-B Capron, 1999, Redeployment of brands, sales forces, and general marketing management expertise following horizontal acquisitions: A resource-based view, Journal of Marketing, 63, 41, 10.2307/1251944 Capron, 2000, Internal versus external knowledge sourcing: Evidence from telecom operators in Europe Capron, 2009, National corporate governance institutions and post-acquisitions target reorganization, Strategic Management Journal, 30, 803, 10.1002/smj.768 Cartwright, 1996 Cartwright, 1992 Cassiman, 2005, The impact of M&A on the R&D process—An empirical analysis of the role of technological and market relatedness, Research Policy, 34, 195, 10.1016/j.respol.2005.01.002 Cassiman, 2006, M&A and innovation: A coneptual framework Chakrabarti, 1994, Does it pay to acquire technological firms?, R&D Management, 24, 47, 10.1111/j.1467-9310.1994.tb00846.x Chakrabarti, 2009, Mars-Venus marriages: Culture and cross-border M&A, Journal of International Business Studies, 40, 216, 10.1057/jibs.2008.58 Child, 2000, Foreign direct investment in the UK 1985–1994: The impact on domestic management practice, Journal of Management Studies, 37, 141, 10.1111/1467-6486.00175 Chaudhuri, 1999, Capturing the real value in high-tech acquisitions, Harvard Business Review, 77, 123 Christensen, 2011, The big idea: The new M&A playbook, Harvard Business Review, 89, 48 Churchill, 1984, Research design effects on the reliability of rating scales: A meta-analysis, Journal of Marketing, 21, 360, 10.2307/3151463 Cloodt, 2006, Mergers and acquisitions: Their effect on the innovative performance of companies in high-tech industries, Research Policy, 35, 642, 10.1016/j.respol.2006.02.007 Colombo, 2014, Technological similarity, post-acquisition R&D reorganization, and innovation performance in horizontal acquisitions, Research Policy, 43, 1039, 10.1016/j.respol.2014.01.013 Cording, 2008, Reducing causal ambiguity in acquisition integration: Intermediate goals as mediators of integration decisions and acquisition performance, Academy of Management Journal, 51, 744 Datta, 1990, Relationships between type of acquisition, the autonomy given to the acquired firm, and acquisition success: An empirical analysis, Journal of Management, 16, 29, 10.1177/014920639001600103 Datta, 1995, Cross-border acquisitions: An examination of the influence of relatedness and cultural fit on shareholder value creation in U.S. acquiring firms, Management International Review, 35, 337 Ellis, 2009, The effects of procedural and informational justice in the integration or related acquisitions, Strategic Management Journal, 30, 137, 10.1002/smj.728 Ernst, 2000, The influence of corporate acquisitions on the behaviour of key investors, R&D Management, 30, 105, 10.1111/1467-9310.00162 Evans, 2002 Gerpott, 1995, Successful integration of R&D functions after acquisitions: An exploratory study, R&D Management, 25, 161, 10.1111/j.1467-9310.1995.tb00909.x Golden, 1992, The past is the past—Or is it? The use of retrospective accounts as indicators of past strategy, Academy of Management Journal, 35, 848, 10.2307/256318 Gomes, 2013, Critical success factors through the mergers and acquisitions process: Revealing pre- and post-M&A connections for improved performance, Thunderbird International Business Review, 55, 13, 10.1002/tie.21521 Goulet, 2006, Managing culture and human resources in mergers and acquisitions, 405 Graebner, 2004, Momentum and serendipity: How acquired leaders create value in the integration of technology firms, Strategic Management Journal, 25, 751, 10.1002/smj.419 Graebner, 2004, The Seller's side of the story: Acquisition as courtship and governance as syndicate in entrepreneurial firms, Administrative Science Quarterly, 49, 366, 10.2307/4131440 Griliches, 1990, Patent statistics as economic indicators: A survey, Journal of Economic Literature, 28, 1661 Grimpe, 2013, Resource complementarity and value capture in firm acquisitions: The role of intellectual property rights, Strategic Management Journal Grotenhuis, 2001, Marriages between Asian, American, and Dutch corporations: A matter of cultural fit?, Review of Pacific Basin Financial Markets and Policies, 4, 203, 10.1142/S0219091501000383 Häkkinen, 2004, Logistics integration in horizontal mergers and acquisitions, The International Journal of Logistics Management, 15, 27, 10.1108/09574090410700211 Haleblian, 2009, Taking stock of what we know about mergers and acquisitions: A review and research agenda, Journal of Management, 35, 469, 10.1177/0149206308330554 Harrison, 1996, Context, cognation, and common method variance: Psychometric and verbal protocol evidence, Organization Behaviour and Human Decision Processes, 68, 246, 10.1006/obhd.1996.0103 Haspeslagh, 1991 Hinds, 2005, Understanding conflict in geographically distributed teams: The moderating effects of shared identity, shared context, and spontaneous communication, Organization Science, 16, 290, 10.1287/orsc.1050.0122 Hitt, 1990, Mergers and acquisitions and managerial commitment to innovation in M-Form firms, Strategic Management Journal, Band, 11, 29 Hitt, 2001, Entrepreneurial strategies for wealth creation, Strategic Management Journal, 22, 479, 10.1002/smj.196 Hitt, 2006, Culture, institutions and international strategy, Journal of International Management, 12, 222, 10.1016/j.intman.2006.02.007 Hofstede, 1980 Hofstede, 2001 Homburg, 2005, A marketing perspective on mergers and acquisitions: How marketing integration affects postmerger performance, The Journal of Marketing, 69, 95, 10.1509/jmkg.69.1.95.55510 Homburg, 2006, Is speed of integration really a success factor of mergers and acquisitions? An analysis of the role of internal and external relatedness, Strategic Management Journal, 27, 347, 10.1002/smj.520 House, 2004 Howell, 1970, Plan to integrate your acquisitions, Harvard Business Review, 48, 66 Jaffe, 2005 Jemison, 1986, Corporate acquisitions: A process perspective, The Academy of Management Review, 11, 145, 10.5465/amr.1986.4282648 King, 2003, Complementary resources and the exploitation of technological innovations, Journal of Management, 29, 589, 10.1016/S0149-2063(03)00026-6 King, 2004, Meta-analyses of post-acquisition performance: Indications of unidentified moderators, Strategic Management Journal, 25, 187, 10.1002/smj.371 Kirkman, 2006, A quarter century of Culture's consequence: A review of emprical research incorporating Hofstede's cultural values framework, Journal of International Business Studies, 37, 285, 10.1057/palgrave.jibs.8400202 Kogut, 1988, The effect of national culture on the choice of entry mode, Journal of International Business Studies, Band, 19, 411, 10.1057/palgrave.jibs.8490394 Kostova, 1999, Transnational transfer of strategic organizational practices: A contextual perspective, The Academy of Management Review, 24, 308, 10.5465/amr.1999.1893938 Kunisch, 2009, Der deutsche M&A-Markt 2008—Im Zeichen der Finanzkrise, M&A Review, Band, 2, 47 Larsson, 1998, Cultural awareness and national versus corporate barriers to acculturation, 39 Larsson, 1999, Integrating strategic, organizational, and human resource perspective on mergers and acquisitions: A case study of synergy realization, Organization Science, 10, 1, 10.1287/orsc.10.1.1 Makri, 2010, Complementary technologies, knowledge relatedness, and invention outcomes in high technology mergers and acquisitions, Strategic Management Journal, 31, 602 McSweeney, 2002, Hofstede's model of national cultural differences and their consequences: A triumph of faith—A failure of analysis, Human Relations, 55, 89, 10.1177/0018726702551004 Morosini, 1998, National cultural distance and cross-border acquisition performance, Journal of International Business Studies, 19, 137, 10.1057/palgrave.jibs.8490029 Milton, 1986, A sample size formula for multiple regression studies, Public Opinion Quarterly, 50, 112, 10.1086/268963 Nahavandi, 1988, Acculturation in mergers and acquisitions, Academy of Management Review, 13, 79, 10.5465/amr.1988.4306790 Nielsen, 2012, Exploration and exploitation fit and performance in international strategic alliances, International Business Review, 21, 558, 10.1016/j.ibusrev.2011.07.001 Olie, 1994, Shades of culture and institutions in international mergers, Organization Studies, 15, 381, 10.1177/017084069401500304 Oudenhoven, 2002, Successful international cooperation: The influence of cultural simillarity, strategic differences, and international experience, Applied Psychology: An International Review, 51, 633, 10.1111/1464-0597.00112 Pablo, 1994, Determinants of acquisition integration level: A decision-making perspective, The Academy of Management Journal, 37, 803, 10.2307/256601 Paruchuri, 2006, Acquisition integration and productivity losses in the technical core: Disruption of inventors in acquired companies, Organization Science, 17, 545, 10.1287/orsc.1060.0207 Prabhu, 2005, The Impact of Acquisitions on Innovation: Poison pill, placebo, or tonic?, Journal of Marketing, 69, 114, 10.1509/jmkg.69.1.114.55514 Puranam, 2009, Integrating acquired capabilities: When structural ontegration is (un)necessary, Organization Science, 20, 313, 10.1287/orsc.1090.0422 Puranam, 2006, Organizing for innovation: Managing the coordination-autonomy dilemma in technology acquisitions, Academic Management Journal, 49, 263, 10.5465/AMJ.2006.20786062 Podsakoff, 1986, Self-reports in organizational research: Problems and prospects, Journal of Management, 12, 531, 10.1177/014920638601200408 Podsakoff, 2003, Common method bias in behavioural research: A critical review of the literature and recommended remedies, Journal of Applied Psychology, 88, 879, 10.1037/0021-9010.88.5.879 Podsakoff, 2012, Sources of method bias in social science research and recommendations on how to control it, Annual Review of Psychology, 65, 539, 10.1146/annurev-psych-120710-100452 Ranft, 2002, Acquiring new technologies and capabilities: A grounded model of acquisition implementation, Organizational Science, 13, 420, 10.1287/orsc.13.4.420.2952 Reus, 2009, The double-edged sword of cultural distance in international acquisitions, Journal of International Business Studies, 40, 1298, 10.1057/jibs.2009.25 Roth, 1991, Global strategy implementation at the business unit level: Operational capabilities and administrative mechanisms, Journal of International Business Studies, 22, 369, 10.1057/palgrave.jibs.8490307 Sarala, 2010, The impact of cultural differences and acculturation factors on post-acquisition conflict, Scandinavian Journal of Management, 26, 38, 10.1016/j.scaman.2009.07.001 Sarala, 2014, A sociocultural perspective on knowledge transfer in mergers and acquisitions, Journal of Management Schoenberg, 2000, The influence of cultural compatibility within cross-border acquisitions: A review, Advances in Mergers Acquisitions, 1, 43, 10.1016/S1479-361X(00)01003-6 Schweiger, 2005, Facilitating acquisition integration through deep-level cultural learning interventions: A longitudinal field experiement, Organizational Studies, 26, 1477, 10.1177/0170840605057070 Shenkar, 2001, Cultural distance revisited: Towards a more rigorous conceptualization and measurement of cultural differences, Journal of International Business Studies, 32, 519, 10.1057/palgrave.jibs.8490982 Shimizu, 2004, Theoretical foundations of cross-border merges and acquisitions: A review of current research and recommendations for the future, Journal of International Management, 10, 307, 10.1016/j.intman.2004.05.005 Shrivastava, 1986, Postmerger integration, Journal of Business Strategy, 7, 65, 10.1108/eb039143 Sivakumar, 2001, The stampede toward Hofstede's framework: Avoiding the sample design pit in cross-cultural research, Journal of International Business Studies, 32, 555, 10.1057/palgrave.jibs.8490984 Slangen, 2006, National cultural distance and initial foreign acquisition performance: The moderating effect of integration, Journal of World Business, 41, 161, 10.1016/j.jwb.2006.01.003 Sondergaard, 1994, Hofstede's consequences: A study of reviews, citations, and replications, Organization Studies, 15, 447, 10.1177/017084069401500307 Stahl, 2005, Trust in mergers and acquisitions Stahl, 2008, Do cultural differences matter in mergers and acquisitions? A tentative model and examination, Organization Science, 19, 160, 10.1287/orsc.1070.0270 Sudmann, 1973, Effects of time and memory factors on response in surveys, Journal of the American Statistical Association, 68, 805, 10.1080/01621459.1973.10481428 Tabachnick, 1996 Teerikangas, 2006, The culture-performance relationship in M&A; From Yes/No to How, British Journal of Management, 17, 31, 10.1111/j.1467-8551.2006.00477.x Trompenaars, 1997 Vaara, 2012, The impact of organizational and national cultural differences on social conflict and knowledge transfer in international acquisitions, Journal of Management Studies, 49, 1, 10.1111/j.1467-6486.2010.00975.x Valentini, 2012, Measuring the effect of M&A on patenting quantity and quality, Strategic Management Journal, 33, 336, 10.1002/smj.946 Van Oudenhoven, 2001, Do organization reflect national cultures? A 10-nation study, Internal Journal of Intercultural Relations, 25, 89, 10.1016/S0147-1767(00)00044-4 Vermeulen, 2001, Learning through acquisitions, Academy of Management Journal, 44, 457, 10.2307/3069364 Very, 1997, Relative standing and the performance of recently acquired European firms, Strategic Management Journal, 18, 593, 10.1002/(SICI)1097-0266(199709)18:8<593::AID-SMJ899>3.0.CO;2-I Wang, 2004, The development and validation of the organisational innovativeness construct using confirmatory factor analysis, European Journal of Innovation Management, 7, 303, 10.1108/14601060410565056 Weber, 1996, Corporate culture fit and performance in mergers and acquisitions, Human Relations, 49, 1181, 10.1177/001872679604900903 Weber, 1996, National and corporate culture fit in mergers/acquisitions: An exploratory study, Management Science, 42, 1215, 10.1287/mnsc.42.8.1215 Weber, 2009, International mergers and acquisitions performance revisited—The role of cultural distance and post-acquisition integration approach, Advances in Mergers and Acquisitions, 8, 1, 10.1108/S1479-361X(2009)0000008003 Weber, 2010, Human resource practices and performance of mergers and acquisitions in Israel, Human Resource Management Review, 20, 203, 10.1016/j.hrmr.2009.08.007 Weber, 2011, A model of the influence of culture on integration approaches and international mergers and acquisitions performance, International Studies of Management and Organization, 41, 9, 10.2753/IMO0020-8825410301 Weber, 2011, HR practices during post-merger conflict and merger performance, International Journal of Cross Cultural Management, 12, 73, 10.1177/1470595811413111 Zollo, 1998, The impact of knowledge codification, experience trajectories and integration strategies on the performance of corporate acquisitions Zollo, 2004, Deliberate learning in corporate acquisitions: Post-acquisition strategies and integration capability in U.S. bank mergers, Strategic Management Journal, 25, 1233, 10.1002/smj.426