Batsakis, G and Wood, G and Azar, G and Singh, S (2018) International diversification and firm performance in the post-acquisition period: A resource dependence perspective. Journal of Business Research, 93. pp. 151-159. DOI https://doi.org/10.1016/j.jbusres.2018.02.025
Batsakis, G and Wood, G and Azar, G and Singh, S (2018) International diversification and firm performance in the post-acquisition period: A resource dependence perspective. Journal of Business Research, 93. pp. 151-159. DOI https://doi.org/10.1016/j.jbusres.2018.02.025
Batsakis, G and Wood, G and Azar, G and Singh, S (2018) International diversification and firm performance in the post-acquisition period: A resource dependence perspective. Journal of Business Research, 93. pp. 151-159. DOI https://doi.org/10.1016/j.jbusres.2018.02.025
Abstract
Extant research indicates that the performance effect of international diversification is debatable, and to a great extent is contingent upon a number of firm- and country-specific characteristics. We argue that a critical factor determining the behaviour of the above relationship is the event of acquisition, and more specifically the conditions under which the acquisition takes place. Drawing on resource dependence theory, this paper examines the relationship between international diversification and performance (of target firms) in the post-acquisition period. We suggest that this relationship is contingent upon the size of acquisition (volume of shares acquired), and on whether the target firm has an affiliation to a business group. Utilizing a newly-created dataset comprising 164 publicly listed Indian firms for the period 2001–2015, we find support for our hypotheses.
Item Type: | Article |
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Uncontrolled Keywords: | International diversification; Firm performance; Post-acquisition; Acquisition size; Business group; Indian firms |
Subjects: | H Social Sciences > HD Industries. Land use. Labor |
Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Essex Business School |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 07 Mar 2018 15:36 |
Last Modified: | 30 Oct 2024 16:19 |
URI: | http://repository.essex.ac.uk/id/eprint/21647 |
Available files
Filename: JBR paper 2nd RR final-proofread-13-2-18.pdf
Licence: Creative Commons: Attribution-Noncommercial-No Derivative Works 3.0