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- Title
Integration capacity and knowledge‐based acquisition performance.
- Authors
Lamont, Bruce T.; King, David R.; Maslach, David J.; Schwerdtfeger, Manuel; Tienari, Janne
- Abstract
Even though knowledge‐based acquisitions (KBAs) are common, their performance often lags expectations due to difficulties during integration. Building on Penrose's foundational ideas that managers limit firm growth, we outline a theoretical model that explores how an acquirer's integration capacity mediates the impact of acquirer and target characteristics (influenced by contextual conditions) on the performance of KBAs. Our theoretical model, based on research consistent with the resource‐based view and resource orchestration, suggests the success of acquisitive growth rests on the quality and quantity of an acquirer's managerial talent. This contributes to research by identifying conditions where acquisitions can provide a means of growth. Additionally, it provides managers a means to assess whether an identified target firm is within an acquirer's integration capacity.
- Subjects
MERGERS &; acquisitions; FINANCIAL performance; INDUSTRIAL management; STRATEGIC planning; TECHNOLOGICAL innovations; KNOWLEDGE management
- Publication
R&D Management, 2019, Vol 49, Issue 1, p103
- ISSN
0033-6807
- Publication type
Article
- DOI
10.1111/radm.12336