Post-M&A Performance in Cross-Border Acquisitions - The Role of M&A Experience

Abstract

We did an extensive review of the literature on post-M&A performance and found that only a limited number of studies have factored in both M&A experience and the degree of Internationalization of the acquirer, while assessing post-M&A performance. We also observed that not many studies have segregated M&A experience into domestic and cross-border and studied their impacts separately. In this study, we examine the roles played by both domestic and cross-border M&A experiences of the acquirer on the relationship between institutional distance and M&A performance. We used the lenses of institutional theory and organizational learning theory to examine and discuss the roles played by these two experiences.