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The choice of partial versus full acquisition modes in cross-border deals and the contingent role of industries

研究課題

研究課題/領域番号 23K12544
研究種目

若手研究

配分区分基金
審査区分 小区分07080:経営学関連
研究機関神戸大学

研究代表者

AHMED KASHIF  神戸大学, 経済経営研究所, 助手 (10962954)

研究期間 (年度) 2023-04-01 – 2025-03-31
研究課題ステータス 交付 (2023年度)
配分額 *注記
4,680千円 (直接経費: 3,600千円、間接経費: 1,080千円)
2024年度: 910千円 (直接経費: 700千円、間接経費: 210千円)
2023年度: 3,770千円 (直接経費: 2,900千円、間接経費: 870千円)
キーワードCrossborder acquisitions / International business / mergers and acquisitions / cross-border deals / entry mode / industry contingency
研究開始時の研究の概要

We know little about how industry affects the focal relationship between formal institutional distance and the acquisitions modes. Specifically, I am interested in researching about how acquirer and target industry factors (categorical classification as well as characteristics such as concentration and growth) moderate the focal relationship between formal institutional distance and the acquisitions modes.

研究実績の概要

The research contributes to our understanding of how industry characteristics and institutional distance influence equity sought in cross-border acquisitions using polynomial regression and survey curve analysis. We conceptualize institutional distance as the difference in governance quality between the acquirer and target countries. Our model demonstrates that industry characteristics such as munificence, dynamism, and complexity moderate the impact of institutional distance on equity-seeking behavior. These factors influence strategic decisions in international M&A. Understanding these dynamics is vital for global business strategy and policymaking.

現在までの達成度 (区分)
現在までの達成度 (区分)

2: おおむね順調に進展している

理由

We can proceed smoothly because we have access to recent research literature essential for our model. For example, access to research papers on industry characteristics such as Malhotra & Harrison (2022) and other literature like Busenbark et al. (2023) enables us to advance our research seamlessly.
Full reference:
Busenbark, J. R., Bundy, J., & Chin, M. K. (2023). Director departure following political ideology (in) congruence with an incoming CEO. Strategic Management Journal, 44(7), 1698-1732.
Malhotra, S., & Harrison, J. S. (2022). A blessing and a curse: How chief executive officer cognitive complexity influences firm performance under varying industry conditions. Strategic Management Journal, 43(13), 2809-2828.

今後の研究の推進方策

One possible future research direction is to empirically test the model using data on cross-border acquisitions. To measure institutional distance, data from the Worldwide Governance Indicators can be employed. To assess industry characteristics, we can utilize data on the sales of all firms within specific industries. Taking a more long-term view, subsequent firm performance following cross-border acquisitions can also be examined. To focus on the role of managers, a questionnaire study based on experimental design will provide strategic insights for businesses operating in global markets.

報告書

(1件)
  • 2023 実施状況報告書

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公開日: 2023-04-13   更新日: 2024-12-25  

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