Abstract
Globalization has encouraged merger and acquisitions (M&As) across countries. We propose a theoretical model that explains the process through which employees adapt to changes introduced by cross-border M&As. Empirical analyses based on 174 Chinese employees who experienced an unexpected M&A initiated by a Western company suggest that the relationship between change management practices (i.e., provision of training and assurance of job security) and post-change performance is mediated by employees' person-change (P-C) fit perceptions. Integrating the quantitative results with interviews, we further theorize that underlying cultural dynamics (e.g., collectivism and Confucian doctrines) drive change-related attitudes and behavior among Chinese employees.
Original language | English |
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Pages (from-to) | 78-86 |
Number of pages | 9 |
Journal | Journal of World Business |
Volume | 49 |
Issue number | 1 |
DOIs | |
State | Published - Jan 2014 |
Keywords
- Change management
- Cross-border M&A
- Employee adaptation
- Organizational change
- Person-change (P-C) fit
- Post-merger integration