Remember Me
Or use your Academic/Social account:


Or use your Academic/Social account:


You have just completed your registration at OpenAire.

Before you can login to the site, you will need to activate your account. An e-mail will be sent to you with the proper instructions.


Please note that this site is currently undergoing Beta testing.
Any new content you create is not guaranteed to be present to the final version of the site upon release.

Thank you for your patience,
OpenAire Dev Team.

Close This Message


Verify Password:
Verify E-mail:
*All Fields Are Required.
Please Verify You Are Human:
fbtwitterlinkedinvimeoflicker grey 14rssslideshare1
Bilgili, Tsvetiomira V.; Calderon, Christian J.; Allen, David G.; Kedia, Ben L. (2016)
Publisher: Sage Publications Ltd.
Languages: English
Types: Article
Subjects: HD28
Considerable research has been devoted to examining the factors that influence postacquisition performance. Yet the empirical evidence remains inconclusive as to the extent to which these factors affect postacquisition performance. Building on the theory of relative standing, we propose turnover of acquired firm CEO and top management team (TMT) as an important mechanism through which commonly examined firm and deal characteristics influence postacquisition performance. Specifically, the examined antecedents represent conditions that create perceptions of diminished relative standing among acquired firm executives postacquisition. First, we conduct a meta-analysis to quantitatively synthesize existing empirical research on the effect of the specified antecedents on executive turnover and on postacquisition performance. Then, we combine meta-analysis with structural equation modeling to examine the links between four antecedents, executive turnover, and postacquisition performance in a mediation model. Meta-analytic results (based on 112 studies and 399 effect sizes) reveal that the most significant factors affecting postacquisition performance are executive turnover and the level of integration of the acquired firm. However, TMT and CEO turnover have opposite effects on postacquisition performance. Our results also show that sample and measurement characteristics of primary studies moderate the identified relations. As expected, we find that CEO and TMT turnover mediate relations between three of the four examined antecedents and postacquisition performance. We discuss theoretical contributions and provide directions for future research.

Share - Bookmark

Cite this article