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Paths and Patterns toward Acquirer Success in Mergers and Acquisitions / Chemins et modèles de réussite des acquéreurs dans les fusions et les acquisitionsYang, Jiachen 28 June 2018 (has links)
Les implications financières pour les acheteurs dans les fusions et acquisitions (F & A) ont été un sujet de fascination pour les chercheurs et les praticiens pendant des décennies. Malgré des recherches académique et commerciales approfondies visant à déterminer si et comment les acquéreurs obtiennent des résultats financiers à court et à long terme à la suite des fusions et acquisitions, la clarté de notre compréhension de ces questions demeure difficile à déterminer. Cette thèse de doctorat cherche à apporter plus de clarté à ces questions en examinant les interactions complexes entre plusieurs aspects clés des fusions et acquisitions. Le chapitre 1 examine comment l’expérience des acquéreurs influe sur le rendement à long terme au moyen de décisions clés avant et après la transaction et comment cette influence indirecte diffère dans les contextes nationaux et transfrontaliers. Le chapitre 2 explore les configurations des caractéristiques des transactions et des acquéreurs ainsi que les mécanismes de gouvernance d’entreprise des acquéreurs correspondant aux rendements anormaux cumulés des acquéreurs positifs (CAR). Le chapitre 3 étudie les effets interactifs entre les institutions formelles des pays d’accueil, les caractéristiques des acquéreurs et les mécanismes de gouvernance d’entreprise de l’acquéreur CAR. Enfin, le chapitre 4 examine l’influence des reportages d’affaires sur l’acquéreur CAR. / Financial implications for buyers in mergers and acquisitions (M&A) have been a topic of fascination with academics and practitioners for decades. Despite extensive business research dedicated toward investigating whether and how acquirers perform financially in the short and long terms following M&A, so far, the clarity of our understanding about these issues remains elusive. This doctoral thesis seeks to bring more clarity to these questions by examining complex interactions among several key aspects of M&A. Chapter 1 investigates how acquirer experience influences long-term performance through key pre- and post-transaction decisions and how such indirect influence differs in domestic and cross-border contexts. Chapter 2 explores the configurations of deal and acquirer characteristics as well as acquirer corporate governance mechanisms corresponding to positive acquirer cumulative abnormal returns (CAR). Chapter 3 investigates the interactive effects among host countries’ formal institutions, acquirer characteristics and corporate governance mechanisms on acquirer CAR. Finally, Chapter 4 examines the influence of business news reports on acquirer CAR.
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VIVE LA RéSISTANCE: EXAMINING THE RELATIONSHIP BETWEEN RESISTANCE AND MANAGEMENT INNOVATIONChehrezad, Amanda, 0000-0001-8833-423X January 2022 (has links)
This research examines the development of management innovation (MI) through resistance encountered in international settings. MI literature is at an embryonic stage and has been missing from the international business discipline even though it has been shown to be a sustainable competitive advantage for firms. This leads to the overarching research questions for this study: How is MI developed in international organizations? The underlying theoretical foundation is based on hybridization, which proposes mixing organizational climate and local culture creates mimicry and resistance. Resistance can be seen in adaptations of policies, practices, and procedures, also known as organizational climate. The initial study links the outcome of hybridization to the current MI process model. The second study delves into the attributes associated with resistance being converted to MI. These empirical studies show MI being created through resistance in international settings and lay the groundwork for additional discoveries.
The methodological approach for these studies is nontraditional. The first study was a qualitative deductive case study with analysis including a priori coding, thematic analysis, and pattern matching. The results supported the proposition that resistance, through hybridization, can create MI in international organizations. Building on the initial findings, the second study used fuzzy-set qualitative comparative analysis (fsQCA), which goes beyond linear regression analysis, to identify combinations of attributes that result in MI. Theoretical cues from innovation and cross-cultural literature were referenced to select relevant conditions. The study setting was not a private firm but instead the U.S. Department of State (DOS). The data was composed of reports generated through qualitative methods by the Office of Inspector General (OIG) at 15 large embassies and consulates. This unique data source provides a plethora of rich context and a glimpse into the black box of resistance.
The results of both findings contribute to the fledgling MI literature and create additional interdisciplinary research avenues. The theoretical contribution extends hybridization theory beyond simplistic outcomes of mimicry and resistance and further links it to the MI process and the creation model. This study also contributes to methodology literature since the methods of both studies are still scarce in business studies. The empirical findings build on proposed theories and bolster the methodological approaches. Practitioners will also find the results useful and operational. These findings support shifting the view of resistance as merely tolerated or as an obstacle to overcome, to a possible competitive advantage in developing MI. The overarching goal is to encourage a renewed look at resistance so that scholars and managers will embrace the forgotten view of “Vive la Résistance.” / Business Administration/International Business Administration
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The expansion of sustainability through New Economic Space : Māori potatoes and cultural resilienceLambert, Simon J. January 2008 (has links)
The return of Māori land to a productive role in the New Economy entails the innovation and diffusion of technologies relevant to the sustainable development of this land. Sustainable development requires substantive changes to current land and resource use to mitigate environmental degradation and contribute to ecological and sociological resilience. Such innovation is emerging in 'New Economic Space' where concerns for cultural resilience have arisen as political-economic strategies of the New Economy converge within a global economic space. New Economic Space comprises policy, technology and institutional innovations that attempt to influence economic activity, thus directly engaging with local 'place-based' expressions of geohistorically unique knowledge and identity. This thesis approaches contemporary Māori development from three perspectives. First, by viewing the changing links between ecosystems and communities as examples of innovation diffusion, the evolution of relevant policies, technologies and institutions can be examined for their impact upon Māori resilience. Second, such innovation diffusion can be described as a form of regional development, acknowledging the integral role of traditional territories in Māori identity and culture as well as the distinct legislative and governance contexts by which this land is developed. Third, by incorporating the geohistorical uniqueness of Māori ideas, values and beliefs, standard concepts of political-economy can be reformulated to show an explicit cultural economy – Māori Traditional Economic Space – in which Māori horticulturalists participate in parallel with the New Economy. Two methods are used in the analysis of the participation by Māori horticulturalists in New Economic Space. Fuzzy set/Qualitative Comparative Analysis (fs/QCA) allows the rigorous investigation of small-N studies of limited diversity for their partial membership in nominated sets. This thesis uses fs/QCA to organise theoretical and substantive knowledge of each case study to score its membership in agri-food networks, Māori institutions and post-production strategies, allowing the identification of causal configurations that lead to greater resilience for Māori growers and their communities. The second method is Actor-Network Theory (ANT) that incorporates elements of nature and society, showing the extensive and dynamic entwinement that exists between the two. ANT describes the enrolment of diverse 'actants' by a range of eco-social institutions and the subsequent translation of the resulting assemblages into resilience strategies. The results of this research first show a 'System of Provision' (SOP) in which Māori development strategies converge with non-Māori attempts to expand research and marketing programmes. These programmes seek to implement added-value strategies in supplying novel horticultural products within New Economic Space; parallel 'cultural logics' ensure food is supplied to traditional Māori institutions according to the cultural logics of Māori. In addition to this finding, results also show that the participation of Māori growers in New Economic Space can paradoxically lead to an expansion of the Traditional Economic Space of Māori. This expansion is not simply contingent upon configurations of policy, technology, and institutional innovations that originate in New Economic Space but is directed by Māori cultural logics, located in Māori territories but seeking innovations from an amorphous universal 'core'. The interface between the global New Economy and the localities of a Māori cultural economy is defined by the 'interrogation' of these innovations, and innovators, through eco-cultural institutions in their diffusion to and from Māori land, Māori resources and Māori people. Within the boundaries of this interrogation border resides a malleable assemblage of actants, enrolled by Māori as components of resilience strategies, which can lead to the endurance of Māori culture.
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