Managerial Control in Mergers of Equals: The Role of Political Skill

摘要

Academics across disciplines have long explored research regarding how power and status dynamics determine organizational outcomes (Child, 1972; Salancik and Pfeffer, 1974; Pfeffer and Salancik, 1978; Pfeffer, 1981; Richmond et at, 1983; Finkelstein and Hambrick, 1990; Abrahamson and Park, 1994; Thye, 2000). In mergers and acquisitions, scholars have examined how the struggle for power influences top management team (TMT) turnover (Walsh, 1988), acculturation (Nahavandi and Malekzadeh, 1988), pursuit of market power (Chatterjee, 1991), integration decisions (Haspeslagh and Jemison, 1991), and in the context of mergers of equals (MOE), how they can be better managed.