作　　者： ; (张明）; ;

机构地区： 华南理工大学工商管理学院

出　　处： 《管理学报》 2019年第5期656-664,共9页

摘　　要： 通过引入相关性概念中包括资源相似性与互补性的前沿理论,以模糊集定性比较分析(fsQCA)方法来研究相关性(资源相似性、资源互补性)与并购整合模式(战略依赖性、组织自治性)包含的4个条件对中国企业逆向跨国并购整合绩效的联合效应。研究结果表明,当利用中国企业逆向跨国并购"轻触式"整合模式来替代整合的高组织自治性模式时,高度资源互补的"轻触式"组态和非资源相似-非战略依赖的"轻触式"组态是有利于跨国并购整合绩效的两种组态。研究结果厘清了中国企业逆向跨国并购"轻触式"整合模式选择的情境条件,并从相关性的角度进一步阐释了"轻触式"整合模式有利于整合绩效的必要条件和充分条件,深化了中国企业跨国并购整合的相关研究。 This study incorporates the frontier understanding of relativeness concept that contains resource similarity and resource complementary into the exploration of the interactive affecting mechanism for integration performance of Chinese firms’upstream merger and acquistion(M&A).By adopting Fuzzy-set Qualitative Comparative Analysis(fsQCA),we examined how four conditions which include resource similarity,resource complementary,strategic dependency of integration and organizational autonomy of integration affect the integration performance.The results demonstrate that,when we use'light-touch'integration,which was advanced as one of the most important Chinese firms’upstream M&A integration by recent literature,to be the proxy of high organizational autonomy in integration,high resource complementary'light-touch'mode and non-resource similarity with non-strategic dependency'light-touch'mode result in higher integration performance.These findings clarified the contextual boundary of the effect of'light-touch'integration for Chinese firms’upstream M&A integration performance,and revealed the necessary conditions for how'light-touch'integration creates higher merger performance in the perspective of relativeness,thus this study provides new insights for the research of cross-border M&A on Chinese firms.

关 键 词： 资源相似性 资源互补性 跨国并购 轻触式整合 定性比较分析

领　　域： [经济管理—企业管理] [经济管理—国民经济]