Dynamic organizational capabilities in post-acquisition management: a study of the European banking industry
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Abschlussarbeit Buch |
| Sprache: | English |
| Veröffentlicht: |
2004
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| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | VII, 219 S. graph. Darst. |
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Datensatz im Suchindex
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| adam_text | DYNAMIC ORGANIZATIONAL CAPABILITIES IN POST-ACQUISITION MANAGEMENT: A
STUDY OF THE EUROPEAN BANKING INDUSTRY DISSERTATION DER UNIVERSITAT ST.
GALLEN, HOCHSCHULE FUR WIRTSCHAFTS-, RECHTS- UND SOZIALWISSENSCHAFTEN
(HSG) ZUR ERLANGUNG DER WURDE EINES DOKTORS DER
WIRTSCHAFTSWISSENSCHAFTEN VORGELEGT VON RALPH WELPE VON RHEINECK (ST.
GALLEN) GENEHMIGT AUF ANTRAG DER HERREN PROF. DR. BEAT BERNET UND PROF.
DR. MAURIZIO ZOLLO DISSERTATION NR. 2967 DIFO-DRUCK GMBH, BAMBERG 2004
TABLE OF CONTENTS INTRODUCTION 1 LITERATURE REVIEW ...5 2.1 RESEARCH ON
ACQUISITION PERFORMANCE 5 2.1.1 THE STOCK-MARKET-BASED PERFORMANCE
APPROACH 7 2.1.2 THE ACCOUNTING-BASED PERFORMANCE APPROACH 9 2.1.3
EXECUTIVE SURVEYS AND CLINICAL STUDIES 10 2.1.4 SOME CONCLUSIVE THOUGHTS
ON ACQUISITION PERFORMANCE RESEARCH 11 2.2 TAKING AN EXTERNAL VIEW ON
M&A TRANSACTIONS 12 2.2.1 TRANSACTION CONDITIONS 12 2.2.2 RESEARCH OF
ACQUISITION MOTIVES 13 2.2.3 THE STRATEGIC FIT 15 2.3 TAKING AN INTERNAL
VIEW ON M&A TRANSACTIONS 18 2.3.1 THE ORGANIZATIONAL FIT 19 2.3.2 THE
PROCESS VIEW 21 2.4 TOWARDS AND ORGANIZATIONAL CAPABILITY DRIVEN M&A
PERSPECTIVE 25 THEORY BUILDING 28 3.1 DEFINITIONAL APPROACH TO
ORGANIZATIONAL CAPABILITIES 28 3.2 THE DEVELOPMENT AND EVOLUTION OF
OPERATING ROUTINES AND ORGANIZATIONAL CAPABILITIES 34 3.2.1 KNOWLEDGE
ACCUMULATION THROUGH EXPERIENCE: THE DEVELOPMENT OF ORGANIZATIONAL
ROUTINES 34 3.2.2 KNOWLEDGE ACCUMULATION AND CODIFICATION 41 3.2.2.1
KNOWLEDGE ARTICULATION 41 3.2.2.2 KNOWLEDGE CODIFICATION: 42 3.3 THE
DEVELOPMENT OF DYNAMIC CAPABILITIES IN A WORLD OF INFREQUENT AND
HETEROGENEOUS EVENTS 43 3.3.1 LEARNING FROM INFREQUENT AND HETEROGENEOUS
EVENTS 44 3.3.2 THE INTERACTION OF BEHAVIORAL AND COGNITIVE PROCESSES IN
THE CONTEXT OF MERGERS AND ACQUISITIONS 47 4 THE CONTEXT OF THE STUDY:
THE EUROPEAN BANKING INDUSTRY 52 4.1 THE EUROPEAN BANKING INDUSTRY IN
THE 1990S - A DECADE OF CHANGE 54 4.1.1 THE EUROPEAN BANKING INDUSTRY
BEFORE THE 1990S 54 4.1.2 THE EUROPEAN BANKING INDUSTRY IN THE 1990S 57
4.1.2.1 TECHNOLOGICAL PROGRESS 57 4.1.2.2 DEREGULATION AND THE CHANGING
ROLE OF EUROPEAN GOVERNMENTS 58 4.1.2.3 THE PROGRESSIVE ECONOMIC AND
FINANCIAL INTEGRATION OF EUROPE 59 4.1.2.4 FORCES DISCOURAGING THE
EUROPEAN TRANSFORMATION PROCESS 60 4.2 THE RESTRUCTURING AND
TRANSFORMATION OF THE EUROPEAN BANKING INDUSTRY FROM AN M&A VIEW 61
4.2.1 THE EUROPEAN BANK MERGER WAVE: AN OVERVIEW 62 4.2.2 THE EUROPEAN
BANK MERGER WAVE: A GEOGRAPHIC VIEW 63 4.2.3 THE EUROPEAN BANK MERGER
WAVE: AN INDUSTRIAL VIEW 68 4.2.4 CONCLUSION 71 4.3 THE PERFORMANCE OF
BANK M&AS 72 4.3.1 EFFICIENCY-DRIVEN MOTIVES 76 4.3.1.1 ECONOMIES OF
SCALE 77 4.3.1.2 ECONOMIES OF SCOPE 78 4.3.1.3 RISK-EXPECTED RETURN
TRADE-OFFS 80 4.3.1.4 X-EFFICIENCY 81 4.3.2 NON-EFFICIENCY-DRIVEN
MOTIVES 81 4.3.1.1 MARKET POWER 81 4.3.1.2 MANAGERIAL MOTIVES 82 4.4
SUMMARY AND CONCLUSION 83 MODEL & HYPOTHESES 84 5.1 MODELING
POST-ACQUISITION DECISIONS 85 5.1.1 THE LEVEL OF POST-ACQUISITION
INTEGRATION 88 5.1.2 THE LEVEL OF TOP MANAGEMENT REPLACEMENT 91 5.1.3
THE LEVEL OF POST-ACQUISITION INTEGRATION TIME 94 5.2 MODELING
POST-ACQUISITION DECISIONS 96 5.2.1 PERFORMANCE EFFECTS OF
PRE-ACQUISITION RESOURCES 97 5.2.2 PERFORMANCE EFFECTS OF
POST-ACQUISITION DECISIONS 98 5.2.3 PERFORMANCE IMPACT OF LEARNING
MECHANISMS 100 6 RESEARCH DESIGN & MEASURES 104 6.1 RESEARCH DESIGN 104
6.2 SAMPLE CHARACTERISTICS AND BIAS 108 6.3 OPERATIONALIZATION OF KEY
CONSTRUCTS 112 6.3.1 PERFORMANCE 113 6.3.2 LEVEL OF INTEGRATION 116
6.3.3 LEVEL OF REPLACEMENT 117 6.3.4 INTEGRATION TIME 117 6.3.5
STRATEGIC RELATEDNESS 117 6.3.6 GEOGRAPHIC RELATEDNESS 117 6.3.7
RESOURCE QUALITY 118 6.3.8 EXPERIENCE ACCUMULATION 118 6.3.9 KNOWLEDGE
CODIFICATION 119 6.3.10 CONTROL VARIABLES 119 7 ANALYSIS AND RESULTS 121
7.1 THE CODIFICATION OF POST-ACQUISITION INTEGRATION PRACTICES 121 7.2
POST-ACQUISITION DECISIONS 125 7.2.1 THE LEVEL OF INTEGRATION 127 7.2.2
THE LEVEL OF REPLACEMENT 132 7.2.3 THE POST-ACQUISITION INTEGRATION TIME
136 7.3 POST-ACQUISITION DECISIONS 140 7.3.1 THE POST-ACQUISITION
INTEGRATION PERFORMANCE 142 7.3.2 ACQUISITION PERFORMANCE 150 7.3.2.1
THE TRANSACTION LEVEL ANALYSIS 150 7.3.2.2 THE YEAR/FIRM EFFECTS OF
ACQUISITION PERFORMANCE 158 7.4 SUMMARY 159 8 DISCUSSION 162 8.1
IMPLICATIONS FOR THE CAPABILITY-BASED VIEW OF THE FIRM 162 8.2
IMPLICATIONS FOR THE M&A THEORY 165 8.3 MANAGERIAL IMPLICATIONS 168
8.3.1 TARGET SELECTION 169 8.3.2 POST-ACQUISITION INTEGRATION 170 8.3.3
INTEGRATION CAPABILITIES 171 8.4 LIMITATIONS OF THE STUDY 172 9
CONCLUSION. 173 APPENDIX 177 BIBLIOGRAPHY 192 IV
|
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| era_facet | Geschichte 1990-2001 |
| format | Thesis Book |
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| spelling | Welpe, Ralph Verfasser aut Dynamic organizational capabilities in post-acquisition management a study of the European banking industry vorgelegt von Ralph Welpe 2004 VII, 219 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier St. Gallen, Univ., Diss., 2004 Geschichte 1990-2001 gnd rswk-swf Banken (financiële instellingen) gtt Bedrijfsovernames gtt Fusies gtt Ontwikkelingsmodellen gtt Organisatieontwikkeling gtt Mergers and Acquisitions (DE-588)4205916-1 gnd rswk-swf Bank (DE-588)4004436-1 gnd rswk-swf Zwischenbetriebliche Integration (DE-588)4227291-9 gnd rswk-swf Europa (DE-588)4015701-5 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Europa (DE-588)4015701-5 g Zwischenbetriebliche Integration (DE-588)4227291-9 s Mergers and Acquisitions (DE-588)4205916-1 s Bank (DE-588)4004436-1 s Geschichte 1990-2001 z b DE-604 GBV Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=012921194&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Welpe, Ralph Dynamic organizational capabilities in post-acquisition management a study of the European banking industry Banken (financiële instellingen) gtt Bedrijfsovernames gtt Fusies gtt Ontwikkelingsmodellen gtt Organisatieontwikkeling gtt Mergers and Acquisitions (DE-588)4205916-1 gnd Bank (DE-588)4004436-1 gnd Zwischenbetriebliche Integration (DE-588)4227291-9 gnd |
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| title | Dynamic organizational capabilities in post-acquisition management a study of the European banking industry |
| title_auth | Dynamic organizational capabilities in post-acquisition management a study of the European banking industry |
| title_exact_search | Dynamic organizational capabilities in post-acquisition management a study of the European banking industry |
| title_full | Dynamic organizational capabilities in post-acquisition management a study of the European banking industry vorgelegt von Ralph Welpe |
| title_fullStr | Dynamic organizational capabilities in post-acquisition management a study of the European banking industry vorgelegt von Ralph Welpe |
| title_full_unstemmed | Dynamic organizational capabilities in post-acquisition management a study of the European banking industry vorgelegt von Ralph Welpe |
| title_short | Dynamic organizational capabilities in post-acquisition management |
| title_sort | dynamic organizational capabilities in post acquisition management a study of the european banking industry |
| title_sub | a study of the European banking industry |
| topic | Banken (financiële instellingen) gtt Bedrijfsovernames gtt Fusies gtt Ontwikkelingsmodellen gtt Organisatieontwikkeling gtt Mergers and Acquisitions (DE-588)4205916-1 gnd Bank (DE-588)4004436-1 gnd Zwischenbetriebliche Integration (DE-588)4227291-9 gnd |
| topic_facet | Banken (financiële instellingen) Bedrijfsovernames Fusies Ontwikkelingsmodellen Organisatieontwikkeling Mergers and Acquisitions Bank Zwischenbetriebliche Integration Europa Hochschulschrift |
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