Generating a Scandal: Non-market Activity ...
Document type :
Compte-rendu et recension critique d'ouvrage
Title :
Generating a Scandal: Non-market Activity to Stop a Cross-Border Merger and Acquisition
Author(s) :
Journal title :
Journal of International Management
Pages :
100759
Publisher :
Elsevier
Publication date :
2020-09
ISSN :
1075-4253
English keyword(s) :
Cross-border M&A
Emerging market firm M&A
Incompletion
Scandal
Non-market activityI
nstitutional maintenance
Emerging market firm M&A
Incompletion
Scandal
Non-market activityI
nstitutional maintenance
HAL domain(s) :
Sciences de l'Homme et Société/Gestion et management
English abstract : [en]
In this manuscript, we present three controversial cross-border merger and acquisition (CBMA) deals that failed to be consummated after public announcement. Our cross-case analysis reveals that scandal, which causes the ...
Show more >In this manuscript, we present three controversial cross-border merger and acquisition (CBMA) deals that failed to be consummated after public announcement. Our cross-case analysis reveals that scandal, which causes the controversy surrounding these deals, is a non-market activity, whose main concern is to ensure the status quo in the target country through generation of executive and legislative action favoring the target country threatened actor. Scandal is a last resort act that makes the deal widely salient through transformation of the bid into a national threat. Target country actors threatened by the CBMA skillfully use scandal, along with their corporate political activities (CPA), to hinder deals that they could not have stopped otherwise. It is mainly the inadequacy of the CPA efforts that lead to emergence of scandal. Once condemned of wrongdoing, the acquirers instantly become persona non grata, even in the cases where the government is supportive of the deal.Show less >
Show more >In this manuscript, we present three controversial cross-border merger and acquisition (CBMA) deals that failed to be consummated after public announcement. Our cross-case analysis reveals that scandal, which causes the controversy surrounding these deals, is a non-market activity, whose main concern is to ensure the status quo in the target country through generation of executive and legislative action favoring the target country threatened actor. Scandal is a last resort act that makes the deal widely salient through transformation of the bid into a national threat. Target country actors threatened by the CBMA skillfully use scandal, along with their corporate political activities (CPA), to hinder deals that they could not have stopped otherwise. It is mainly the inadequacy of the CPA efforts that lead to emergence of scandal. Once condemned of wrongdoing, the acquirers instantly become persona non grata, even in the cases where the government is supportive of the deal.Show less >
Language :
Anglais
Popular science :
Non
Collections :
Source :