Understanding knowledge transfer in M&As : An integration of resource orchestration and social capital theories and evidence from UK acquiring firms

Lee, Hanna and Ki-Hyun, Um and Hughes, Paul and Hughes, Mathew (Mat) and Shine, Eun Kyu (2023) Understanding knowledge transfer in M&As : An integration of resource orchestration and social capital theories and evidence from UK acquiring firms. European Management Journal, 41 (2). pp. 199-211. ISSN 0263-2373

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Abstract

While knowledge transfer is one of the key components in determining Mergers and Acquisitions (M&A) success, the current M&A literature has produced inconsistent findings regarding its antecedents and consequences. To address this research gap, this study explores the roles of functional integration and shared goals in facilitating knowledge transfer, which will in turn determine M&A success. To provide a more nuanced understanding of knowledge transfer, this study examines bilateral knowledge flows (e.g., knowledge transfer to a target firm from the UK acquiring firm and knowledge transfer from a target firm to the UK acquiring firm). Our research framework is built upon two different theoretical perspectives, namely resource orchestration and social capital theories. Our propositions were tested empirically across a sample of 131 UK cross-border M&A firms. Our results reveal that the affirmative roles of functional integration and shared goals in increasing knowledge transfer both to and from a target firm are confirmed and that knowledge transfer to the target firm is deemed decisive for M&A success. Based on the findings, we discuss theoretical and practical implications, followed by limitations and future study consideration.

Item Type:
Journal Article
Journal or Publication Title:
European Management Journal
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/1400/1408
Subjects:
?? functional integrationknowledge transferm&a successresource orchestration and social capital theoriesshared goalsstrategy and management ??
ID Code:
216620
Deposited By:
Deposited On:
19 Mar 2024 14:15
Refereed?:
Yes
Published?:
Published
Last Modified:
16 Jul 2024 01:01