Antecedents of M&A success:The role of strategic complementarity, cultural fit, and degree and speed of integration

Bauer, Florian and Matzler, Kurt (2014) Antecedents of M&A success:The role of strategic complementarity, cultural fit, and degree and speed of integration. Strategic Management Journal, 35 (2). pp. 269-291. ISSN 0143-2095

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Abstract

In this paper, we develop a comprehensive model of M&A success. We integrate fundamental constructs of different schools and discuss their interdependencies with M&A success. Our theoretical framework was tested empirically across a sample of 106 SME transactions in the machinery, electronic, and logistic industries in the German-speaking part of Central Europe. The results of our study support the demand for an integrative perspective and theory on M&A. M&A success is a function of strategic complementarity, cultural fit, and the degree of integration. Strategic complementarity also positively influences cultural fit and the degree of integration. Cultural fit positively influences M&A success, but surprisingly has a negative impact on the speed and degree of integration. The degree of integration is positively related to speed of integration.

Item Type:
Journal Article
Journal or Publication Title:
Strategic Management Journal
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/1400/1408
Subjects:
ID Code:
125372
Deposited By:
Deposited On:
22 May 2018 10:58
Refereed?:
Yes
Published?:
Published
Last Modified:
23 Sep 2020 04:19