Predicting Who Stays and Leaves After An Acquisition : A Study of Top Managers in Multinational Firms  

Oleh:

Krug, Jeffrey A. ; Hegarty, Harvey

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 22 no. 2 (2001), page 185-196.
Topik: multinational corporation; mergers and acquisitions; top management teams; turnover effects

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.7 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This study adds to current explanations of executive fate following a merger or acquisition by examining how executives' perceptions of merger events determine whether they stay or leave. Results indicate that executives' perceptions of the merger annoucnement, interactions with the acquiring firm's top managers following the merger, and long - term effects of the merger significantly infuenced their decision to stay or leave. These perceptions could be used to correctly distinguish between stayers and leavers in almost 80 percent of the cases. In addition, perceptions created when the target company was acquired by a foreign multinational made it more likely that the executive would leave. This finding demonstrates that foreigness continues to be an important determinant of executive perceptions in cross - national mergers and acquisitions.

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