TY - JOUR
T1 - Impact of M&As on organizational performance
T2 - the moderating role of HRM centrality
AU - Correia, Manuela Faia
AU - Cunha, Rita
AU - Scholtern, Marc
N1 - WOS:000319481100001
PY - 2013/8/1
Y1 - 2013/8/1
N2 - In this study, we examine how the effects of mergers and acquisitions on organizational performance are moderated by human resource management (HRM) centrality. We differentiate three types of ownership change: mergers, bidder, and target acquisitions. The study is anchored on the literatures addressing strategic human resource management and strategic contingencies of intra-organizational power. In an analysis of the data from the 2005 Cranet survey, results showed that (i) formalization attenuated a positive impact of bidder acquisitions and aggravated a negative impact of mergers on performance, but (ii) HRM strategic involvement and centralization of HRM practices boosted a positive impact of bidder acquisitions on performance. The study offers new insights about the role of HRM centrality, and suggests that mergers and acquisitions should be studied as differentiated ownership change processes.
AB - In this study, we examine how the effects of mergers and acquisitions on organizational performance are moderated by human resource management (HRM) centrality. We differentiate three types of ownership change: mergers, bidder, and target acquisitions. The study is anchored on the literatures addressing strategic human resource management and strategic contingencies of intra-organizational power. In an analysis of the data from the 2005 Cranet survey, results showed that (i) formalization attenuated a positive impact of bidder acquisitions and aggravated a negative impact of mergers on performance, but (ii) HRM strategic involvement and centralization of HRM practices boosted a positive impact of bidder acquisitions on performance. The study offers new insights about the role of HRM centrality, and suggests that mergers and acquisitions should be studied as differentiated ownership change processes.
KW - Mergers and acquisitions
KW - Human resource management
KW - Centrality
UR - https://www.scopus.com/record/display.uri?eid=2-s2.0-84877149268&origin=resultslist&sort
U2 - 10.1016/j.emj.2013.01.004
DO - 10.1016/j.emj.2013.01.004
M3 - Article
SN - 0263-2373
VL - 31
SP - 323
EP - 332
JO - European Management Journal
JF - European Management Journal
IS - 4
ER -