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.     

Constituency Opinion: A Test of the Surrogate Model

Using direct measures of district opinion, this article teststhe linearity and additivity assumptions of the surrogate model.Neither assumption is upheld when subjected to appropriate empiricaltests     

Evaluating a Group Home: Problems and Results

Summary The need for an evaluative framework for group homes for thementally ill is discussed. Evaluation involves separating implicitfrom explicit objectives. The possible objectives for a grouphome are considered in terms of the questions of who decideswhat the objectives are to be, how they are defined, and theirrelationship to the idea of normality. A further issue in decidingobjectives is whether the client's independence is to be foundwithin the group home or beyond it. The elements of a group home's regime are then considered: theseinclude control and group support. Problems in measuring theelements involved are mentioned. An evaluative scheme based upon this is then drawn up for aparticular group home, and the results described. The residentsare found to have experienced little change overall in theirlevel of independence, and this is associated with a regimewhere residents act in a dependent way towards staff, and staffperceptions of control and support are different from thoseof residents.