Attributional tendencies in cultural explanations of M&A performance |
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Authors: | Eero Vaara Paulina Junni Riikka M Sarala Mats Ehrnrooth Alexei Koveshnikov |
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Institution: | 1. Hanken School of Economics, , Helsinki, Finland;2. EMLYON Business School, , écully, France;3. BI Norwegian Business School, , Oslo, Norway;4. Bryan School of Business and Economics, University of North Carolina at Greensboro, , Greensboro, North Carolina, U.S.A. |
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Abstract: | This paper focuses on managers' attributions of M&A performance. Our analysis indicates that there is a linear association between performance and attributions to cultural differences, which is moderated by prior experience. Furthermore, our results suggest that there is a curvilinear association between performance and attributions to managers' actions, but we found no support for the moderating effect of experience for this association. By substantiating these attributional tendencies, our results contribute to research on M&As and studies on attribution more generally. In particular, our study helps to put cultural differences in perspective and cautions researchers and practitioners alike to avoid simplistic explanations of M&A performance. Copyright © 2013 John Wiley & Sons, Ltd. |
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Keywords: | merger acquisition culture attribution integration |
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