My objective in this dissertation was to understand the processes leading to incompletion of the high profile cross-border deals. A conceptual framework was
developed which suggests that announcement of a cross-border merger and acquisition
(M&A) deal starts a string of institutional processes that leads to incompletion of the bid.
I proposed that less powerful host country actors threatened by the MNC’s bid proposal
politicize the transaction turning the deal into a transgression. These actors publicize this transgression, initiating a scandal, to gather support of multiple audiences in their
attempts to thwart the threat that the MNC poses. Thanks to their efforts in appealing to
audiences and publicization of the deal as a transgression, these actors mobilize
audiences who reveal hostile reaction against the MNC and the proposed bid. Such
mobilization and hostile reaction, in turn, lead to proposed bid’s incompletion.
Qualitative analysis results based on a sample of seven high profile cross-border transactions provided support for the conceptualized processes, namely politicization,
scandal, mobilization and hostile reaction, while indicating a different order of process
progression compared to the linear one conceptualized. I found that in all cases the
process of scandal subsumed the other processes that kept scandal alive. In turn, scandal fed these processes giving more leverage to the mobilization efforts and/or increasing the hostility of the actors opposing the deal. The findings revealed that these processes happened simultaneously and that in cases where mobilization did not emerge, hostile reaction substituted for the lack of mobilization. Additionally, analysis showed that not only less powerful actors but also powerful actors, elites, sought to initiate a scandal when the host country political, legal or bureaucratic processes did not work for them in thwarting the deal. This dissertation by examining social construction, power and politics within the host country institutional environment in the context of high profile cross-border deals, presented a framework that explained how and why the hostility leading to deal incompletion emerges in the host country. In so doing, this dissertation strengthens institutional theory, theory of scandal, social movements theory and elite theory as powerful perspectives in international strategic -management. / Includes bibliography. / Dissertation (Ph.D.)--Florida Atlantic University, 2014. / FAU Electronic Theses and Dissertations Collection
| Identifer | oai:union.ndltd.org:fau.edu/oai:fau.digital.flvc.org:fau_13644 |
| Contributors | Yapici, Nilufer (author), Hudson, Bryant A. (Thesis advisor), Florida Atlantic University (Degree grantor), College of Business, Department of Management |
| Publisher | Florida Atlantic University |
| Source Sets | Florida Atlantic University |
| Language | English |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation, Text |
| Format | 386 p., application/pdf |
| Rights | Copyright © is held by the author, with permission granted to Florida Atlantic University to digitize, archive and distribute this item for non-profit research and educational purposes. Any reuse of this item in excess of fair use or other copyright exemptions requires permission of the copyright holder., http://rightsstatements.org/vocab/InC/1.0/ |
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