EMPLOYEE REACTIONS TO CROSS-BORDER ACQUISITIONS: EVIDENCE FROM AN ACQUIRED SERBIAN COMPANY

Slađana Savović

Economic Annals, 2021, vol. 66, issue 228, 43 - 68

Abstract: The purpose of this paper is to examine factors influencing employee re-actions to changes brought about by cross-border acquisitions. The research was con-ducted in a company operating in Serbia’s retail sector that was acquired by a Belgian multinational company. The data were col-lected from 344 respondents. Measures of central tendency, the Mann-Whitney U test, and regression analysis were used to test the research hypotheses. The research results show that employee reactions to changes brought by cross-border acquisi-tion were generally positive. The study show that corporate cultural differences between the acquiring company and the acquired company and the support of transforma-tional leaders resulted in employees react-ing positively to the changes. The study attempts to improve understanding of employee reactions during the process of change occurring as a result of cross-border acquisition. Additionally, this study has practical implications, as it points to how the appropriate management of human resources contributes to positive employee reactions.

Keywords: employee reactions; cross-border acquisitions; acquired company; corporate cultural differences; transforma-tional leadership (search for similar items in EconPapers)
JEL-codes: G34 M14 M54 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.ekof.bg.ac.rs/wp-content/uploads/2014/04/024.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:beo:journl:v:66:y:2021:i:228:p:43-68

Ordering information: This journal article can be ordered from
http://ea.ekof.bg.ac.rs/

Access Statistics for this article

Economic Annals is currently edited by Will Bartlett

More articles in Economic Annals from Faculty of Economics and Business, University of Belgrade Contact information at EDIRC.
Bibliographic data for series maintained by Goran Petrić ().