Title :

Generating a Scandal: Non-market Activity to Stop a Cross-Border Merger and Acquisition

Author(s) :

Yapici, Nilufer [Auteur]
Hudson, Bryant Ashley [Auteur]
Lille économie management - UMR 9221 [LEM]

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

HAL domain(s) :

Sciences de l'Homme et Société
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 >

Language :

Anglais

Peer reviewed article :

Oui

Audience :

Internationale

Popular science :

Non

Collections :

• Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL