Antecedents of Successful IT M&As

Kangkang Qi

International Business Research, 2018, vol. 11, issue 2, 33-43

Abstract: In this paper, I examine the antecedents of successful IT M&As. Drawing from several theories from strategic management, I propose several hypotheses about the impact of acquiring firm’s environmental uncertainty, pairwise technology complementarity, product market proximity, and the acquiring firm’s CEO narcissism on combined firm’s post-M&A performance measured by profitability and innovation capability. Empirical results partially support my hypotheses: I find that technological complementarity is positively correlated with both post-merger profitability and innovation capability. CEO narcissism, on the hand, only impacts the profitability measure and there is an inversed U-shape relationship. I also find the positive interaction effect between CEO narcissism and technological complementarity on profitability.

Keywords: M&A; environmental uncertainty; product market proximity; technological complementarity; CEO narcissism; post-M&A performance (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ibn:ibrjnl:v:11:y:2018:i:2:p:33-43

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