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The choice of insider or outsider top executives in acquired companies

Angwin, Duncan and Meadows, Maureen (2009) The choice of insider or outsider top executives in acquired companies. Long Range Planning, 42 (3). pp. 359-389. ISSN 0024-6301

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Abstract

There is considerable debate amongst academics and practitioners over whether top executives of acquired or merged companies should stay or go, post-deal, as studies exploring the link with organisational performance show mixed results. This may in part be due to such studies failing to recognise that there are a number of distinct post-acquisition strategies which may require the deployment of different types of top executive. This paper addresses this limitation by bringing together the longstanding Insider/Outsider debate with a post-acquisition integration framework, in order to investigate whether there is a link between top management type and post-acquisition integration strategy. Using a dual methodology of survey and cases drawing on UK M&A data, clear associations are found between top executive type and particular post-acquisition styles. Underlying these patterns, the value-creating/value-capturing distinction of the Resource-Based View appears to have a greater influence over top executive deployment than do issues of Organisational Fit. This suggests strategic intentions have ascendancy over organisational constraints in the selection of top executives for managing post-acquisition integration.

Item Type: Article
Journal or Publication Title: Long Range Planning
Uncontrolled Keywords: Post acquisition integration ; post acquisition management ; Insiders and Outsiders ; Top management change
Subjects:
Departments: Lancaster University Management School > Lancaster University Management School - Other > Centre for Strategic Management
ID Code: 76285
Deposited By: ep_importer_pure
Deposited On: 21 Oct 2015 16:38
Refereed?: Yes
Published?: Published
Last Modified: 21 Sep 2017 01:16
Identification Number:
URI: http://eprints.lancs.ac.uk/id/eprint/76285

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