Individual-level outcomes in poorly managed cross-border mergers and acquisitions: A holistic view of the relevant processes

This is a post-peer-review, pre-copyedit version of an article (with the provisional title "Undesired individual-level outcomes in cross-border mergers and acquisitions: A process approach") published in Schmalenbach Business Review. The definitive publisher-authenticated version, "Individual-level outcomes in poorly managed cross-border mergers and acquisitions: A holistic view of the relevant processes" in Special Issue 3/11, 92 - 116, 2011 is available online at: http://www.sbr-online.de/special_issues.html.We explore the processes that lead to undesirable individual-level outcomes in crossborder mergers and acquisitions (M&As). Based on the empirical findings from an in-depth longitudinal case study that describes the unsuccessful integrative efforts between a German multinational company and an Austrian service provider, we develop a generic model that describes a holistic view of the processes and its relevant associated dynamics. These processes raise the awareness of aspects that significantly impact the integration process, but whose dynamics have not been linked. Our model provides an explanation of why traditional attempts to integrate mostly meet with failure

An analysis of core-competences of successful multinational team leaders

Copyright @ 2010 The Authors. This is the author's accepted manuscript. The final published article is available from the link below.Researchers have endeavoured to understand the factors that enable effective functioning of multinational teams (MNTs) but with few exceptions they have ignored studying the competences of MNT leaders. In this paper we present those competences leaders must possess in order to effectively lead MNTs. Our findings are based on 70 problem-centred interviews with MNT leaders and members from five multinational corporations. The competences our interviewees mentioned most frequently for effective leadership were knowledge management and transfer. Results further indicated that a leader must be cross-culturally competent and multilingual in order to motivate MNT members to fully explore, exploit and transfer valuable knowledge within the team and beyond

Cultural influences and the mediating role of socio-cultural integration processes on the performance of cross-border mergers and acquisitions

This article has been made available through the Brunel Open Access Publishing Fund.This paper reports findings from a longitudinal case study (2005–2011) of a merger between an Austrian and a German energy provider. I develop a model of socio-cultural integration processes based on an analysis of critical incidents expressed in 71 problem-centred interviews and observations with acquired and acquiring employees at four different points of time: immediately before the takeover and during the first negotiation talks, and one, three and six years after the takeover. The findings suggest that the relationship between national and organizational cultural differences and M&A outcomes is mediated by socio-cultural integration processes defined in terms of the formation of interpersonal relationships, trust and shared identity. Based on these findings I formulate specific propositions and build an evidence-based model of M&A socio-cultural integration processes that guides future research and practice

Integrating highly-qualified migrants: allowing a personal narrative to set future research directions

Using a unique case history of a highly-qualified migrant family pushed from its country of origin due to war I elucidate the emotional, cultural, societal, and situation-specific challenges that its members faced in their new country of destination. I then link their stories to the current literature in the field of migration studies and formulate several avenues for future research. By allowing narrative theory to guide the field, I make a contribution to the current discourse and formulate questions that truly matter

Linking institutional context to the community and career embeddedness of skilled migrants: The role of destination- and origin-country identifications

Supplementary Information is available online at: https://link-springer-com.ezproxytest.brunel.ac.uk/article/10.1057/s41267-024-00683-w#Sec140 .Migration is one of the most pressing global issues of our time. However, relatively little is known about the factors and mechanisms that govern the post-migration experiences of skilled migrants. We adopt an acculturation- and social identity-based approach to examine how differences between institutional characteristics in the destination and origin country, as well as migrants’ experiences with formal and informal institutions shape their identification with the destination and origin country and contribute to their community and career embeddedness. Our study of 1709 highly skilled migrants from 48 origin countries in 12 destination countries reveals that the institutional environment migrants encounter provides both sources of opportunity (potential for human development and value-congruent societal practices) and sources of disadvantage (experienced ethnocentrism and downgrading). These contrasting dynamics affect migrants’ destination-country identification, their origin-country identification and, ultimately, their embeddedness in the destination country. Our results have important implications for multinational enterprises and policy makers that can contribute to enhancing skilled migrants’ community and career embeddedness. For example, these actors may nurture a work environment and provide supportive policies that buffer against the institutional sources of disadvantage we identified in this study, while helping migrants to leverage the opportunities available in the destination country.Open access funding provided by Vienna University of Economics and Business (WU).. Sebastian Reiche gratefully acknowledges the support from the Ministerio de Ciencia e Innovación, grant ECO2015-68272-P funded by MCIN/AEI/https://doi-org.ezproxytest.brunel.ac.uk/10.13039/501100011033, and by “ERDF A way of making Europe”, by the European Union. Mila Lazarova acknowledges the support of the Canada Research Chairs Program. Lena Zander would like to gratefully acknowledge Jan Wallanders och Tom Hedelius stiftelse and Tore Browaldhs stiftelse, Sweden, for financially supporting her research project (P17-0117) and the workshop organized at Sigtuna Folkhögskola for the research team in June, 2022. Eric Davoine gratefully acknowledges the NCCR LIVES for their financial support

Knowledge Exchange Processes in Multicultural Teams: Linking Organizational Diversity Climates to Teams’ Effectiveness

We developed an evidence-based model illuminating team knowledge exchange processes as a key link between organizational diversity climate and the effectiveness of multicultural teams (MCTs). Our analysis is based on 143 in-depth interviews and extensive observations of team interactions that occurred in 48 teams from 11 companies. Our findings revealed that teams that oscillated between assertive and cooperative knowledge exchange processes were more effective. We also found such dual processes were more prevalent in organizations that had an engagement-focused diversity climate characterized by utilization of diversity to inform and enhance work processes based on the assumption that cultural differences give rise to different knowledge, insights, and alternative views. Based on our findings we developed specific propositions about optimizing MCT knowledge-exchange processes to guide future research and practice

A True Test: Do Imf Programs Hurt the Poor

This paper uses a fixed-effects model to analyze the effect of IMF programs on poverty with data from 82 countries during 1985 to 2000. Two indicators of poverty, infant mortality rates and the Human Development Index (HDI), are utilized, and the effects of the IMF's concessionary and nonconcessionary programs are investigated, as well as economic and governance factors. The results show that the IMF's programs have no significant direct impact on poverty. Growth and good governance, however, both have significant impacts, lowering infant mortality and increasing the HDI. The Fund's concessionary programs increase the impact of growth on lowering infant mortality, while the nonconcessionary programs lower the impact of growth on the HDI. We also test for the impact of IMF programs on growth. Concessionary programs have a significant contemporaneous positive effect, while nonconcessionary programs have a significant lagged positive effect

International demands for austerity: examining the impact of the IMF on the public sector

What effects do International Monetary Fund (IMF) loans have on borrow-ing countries? Even after decades of research, no consensus exists. We offer a straight-forward explanation for the seemingly mixed effects of IMF loans. We argue thatdifferent loans have different effects because of the varied conditions attached to IMFfinancing. To demonstrate this point, we investigate IMF loans with and withoutconditions that require public sector reforms in exchange for financing. We find thatthe addition of a public sector reform condition to a country’s IMF program signifi-cantly reduces government spending on the public sector wage bill. This evidencesuggest that conditions are a key mechanism linking IMF lending to policy outcomes.Although IMF loans with public sector conditions prompt cuts to the wage bill in theshort-term, these cuts do not persist in the longer-term. Borrowers backslide oninternationally mandated spending cuts in response to domestic political pressures

Responsible migration management from the business perspective: The case of human value chains

Migrant worker predicaments and human rights violations are prolific and well documented. Previous research has identified policy options for national governments and development actors. However, very little attention has been paid to the role of the private sector- large and small firms - in redressing the abuse of migrant labor as it evolves into a critical part of global production networks and trade. In this policy brief, we explore the implications of international migration for the operations and strategies of firms, describe the role that businesses and associated actors can play in shaping global mobility, and provide policy recommendations for both firms and governments