Titre :

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

Auteur(s) :

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

Titre de la revue :

Journal of International Management

Pagination :

100759

Éditeur :

Elsevier

Date de publication :

2020-09

ISSN :

1075-4253

Mot(s)-clé(s) en anglais :

Cross-border M&A
Emerging market firm M&A
Incompletion
Scandal
Non-market activityI
nstitutional maintenance

Discipline(s) HAL :

Sciences de l'Homme et Société
Sciences de l'Homme et Société/Gestion et management

Résumé en anglais : [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 ...
Lire la suite >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.Lire moins >

Langue :

Anglais

Comité de lecture :

Oui

Audience :

Internationale

Vulgarisation :

Non

Collections :

• Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL