Looking into the ‘black box’ – unlocking the effect of integration on acquisition performance

Extending research on the performance of Mergers and Acquisitions (M&As), this paper seeks to explain how the post-acquisition integration phase affects acquisition performance. Despite extensive research efforts, there remains a scant understanding of how acquisition implementation, particularly in the post-acquisition integration phase, impacts the performance of M&As. Based on an extensive study of eight acquisitions, in this paper, a grounded model detailing the mechanisms by which the post-acquisition integration phase affects acquisition performance is developed. The model posits that integration-related factors do not bear directly upon acquisition performance. Instead, their effect is mediated by functional organizations in both firms. When focusing into these functional mediating dynamics, we observe that integration-related processual, behavioral and cultural factors affect the identified functional mediators in different ways. Going forward, we echo calls for integrated perspectives to the study of M&A and M&A performance in particular.     

Corporate Quotas and Symbolic Politics in Advanced Democracies

ABSTRACT

This article identifies trends in the adoption and implementation of quotas for corporate boards, an underresearched topic in political science. Corporate quotas—like legislative quotas—constitute the “fast track” to gender equality but appear more commonly in advanced democracies. These corporate quotas fall into three categories: laws covering all companies; laws covering state-owned companies only; and nonbinding (voluntary) measures in corporate governance codes. Despite on-paper differences, these corporate quotas are largely toothless. First generation corporate quotas, like first generation legislative quotas, operate symbolically. By raising the specter of stringent legislation in the long run, corporate quotas induce firms into voluntary compliance in the short run.     

The competitive dimension of comparative optimism / La dimensión competitiva del optimismo comparativo

We usually think that positive events are more likely to occur to us than to others and vice versa for negative events. This phenomenon, called comparative optimism, increases both social utility and the tendency to present oneself as above average. The literature highlights the same elements in competition. Our objective was to study the links between comparative optimism and competition and to argue that social utility can explain this relation. In our study, we presented participants with comparative optimistic, comparative pessimistic or neutral targets. We observed that a comparative optimistic target was perceived to fit better with a competitive situation than other targets because he/she was deemed socially useful (e.g., assertive, self-confident). Participants also felt that a comparative optimistic target pursued more performance goals than the other targets. This effect was mediated by the perception of this target as a competitive person. These results, consistent with our assumptions, highlight the competitive dimension of comparative optimism.     

Museums and mining technologies

This article has a twofold purpose, first to explore how the founding of museums helps the mining industry to create a new way to look at what becomes natural in landscapes that are intervened by mining operations, and second to analyze how this new way of looking at the landscape ignites a process of recontextualization having a material impact on the territories. As part of this discussion, this article reveals how the technologies of mining production have evolved, facilitating the companies’ material production, and how the mining museum becomes a fundamental part of this technological development. This article looks at two mining museums owned or funded by the Chilean copper mine Los Pelambres, the ‘Museum of Copper and Sustainable Development’, located in Los Vilos next to Los Chungungos dock, and the ‘Andróniko Luksic Mining Center’, located in the engineering department at the Pontificia Universidad Católica in Santiago. These museums are funded by the mining company Los Pelambres and one of them is currently managed by the company.     

Participation in Everyday Life Before and After a Housing Adaptation

Housing adaptation aims to enable clients to live independently in their own homes. Studies focusing on participation in everyday life following a housing adaptation are lacking and needed. This study aimed to explore housing adaptation clients' experiences of participation in everyday life before and after a housing adaptation, through the lens of a housing adaptation, using a qualitative follow-up design, with 11 participants. It was found that when the housing adaptation met the participants' needs, performance of activities improved and the housing adaptation opened doors to engagement and participation in everyday life. Thus, focus on performance and engagement in everyday life at the onset of the housing adaptation process, combined with regular follow-ups, may enhance participation.     

社会治理绩效视域下完善我国绿色建筑 政策法规体系的路径选择

发展绿色建筑是国家全面推进可持续发展战略中最为重要的措施之一，是践行绿色发展理念的重要实践，也是推进国家 治理体系和治理能力现代化的重大课题。在全面发展绿色建筑的过程中，很多问题需要从国家法律的高度进行阐释和推进， 从而实现良法善治，并进一步体现社会治理绩效水平。如何正确地认识和理解相关问题，都将直接影响到我国绿色建筑的深 入开展。 “无规矩不成方圆”，在现有标准规范的基础上，绿色建筑已有充足的理由走向法治化道路。在治理能力现代化理念 下，探索完善我国绿色建筑政策法规体系的对策与方案，对促进新时期我国绿色建筑的发展从而提升社会治理绩效具有重要 的理论和现实意义。     

转型经济下民营企业家个体特质、情境对公司创业的驱动机制——基于QCA的探索性研究

在中国经济转型的大市场环境下,企业如何将公司创业的意愿成功付诸于创业行动,是学术界广泛讨论的话题。文章利用全国私营企业调查问卷表数据,以102家私营企业作为案例样本,通过模糊集定性比较分析(QCA)方法将企业家个体特质与情境两个层面整合,同时从这两个层面进一步细分,去探讨组态效应对公司创业的多重并发影响机制。经过数据分析可以获知,企业家的社群式身份是高公司创业活跃度的必要条件,且导致高公司创业活跃度有四条组态(路径)；导致非高公司创业活跃度的有一条组态(路径),两者之间存在非对称关系。     

The Effects of Corporate Elitism and Groupthink on Organizational Empathy in Crisis Situations

This study is to empirically testify that corporate elitism is an antecedent to groupthink, which prevents organizational empathy from working effectively in crises. The current study is expected to expand the boundary of crisis management literature into a company’s crisis-preparedness before a crisis occurs. The findings offer the useful guidance to organizations on how to better manage their crisis proneness through identifying the early signs of corporate elitism and groupthink.     

团队认知多样性、知识共享与团队创新绩效——基于包容性领导的调节效应检验

基于对86个团队的实证调查,探讨团队认知多样性对团队创新绩效的影响,并检验知识共享和包容性领导在以上关系中所起的中介作用和调节作用,层次回归分析结果表明：1）团队认知多样性对团队创新绩效有显著正向影响;2）团队知识共享部分中介了这一正向关系;3）包容性领导对此中介过程有显著的正向调节作用,包容性领导越高,该中介作用越强,反之则不显著。得到的管理启示有：1）为应对创新发展的挑战,团队应考虑员工构成的多样性;2）在团队管理中,领导要能包容成员的认知多样性。     

社会信任对公司违规的抑制性研究

如何防范公司违规、保护投资者利益是资本市场研究的热点问题。以2010-2017年沪深两地A股2853家上市公司为研究样本,基于部分可观测的Bivariate Probit模型的实证结果显示：公司所在地区的社会信任水平越高,其违规倾向越低,被违规稽查的概率则越高;进一步研究发现,风险喜好型高管会降低社会信任对公司违规倾向的抑制作用,并在一定程度上强化了社会信任对公司违规稽查的影响力度;此外,相较于信息披露违规,社会信任对经营违规倾向的抑制作用更为显著,并且更为有效地提高了经营违规被稽查的概率。