Generating a Scandal: Non-market Activity to Stop a Cross-Border Merger and Acquisition

Date

2020-09-01

Author

Yapici, Nilufer
Hudson, Bryant Ashley

Metadata

Show full item record

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Item Usage Stats

498
views

0
downloads

In this manuscript, we present three controversial cross-border merger and acquisition (CBMA) deals that failed to be consummated after public announcement. Our cross-case analysis reveals that scandal, which causes the controversy surrounding these deals, is a non-market activity, whose main concern is to ensure the status quo in the target country through generation of executive and legislative action favoring the target country threatened actor. Scandal is a last resort act that makes the deal widely salient through transformation of the bid into a national threat. Target country actors threatened by the CBMA skillfully use scandal, along with their corporate political activities (CPA), to hinder deals that they could not have stopped otherwise. It is mainly the inadequacy of the CPA efforts that lead to emergence of scandal. Once condemned of wrongdoing, the acquirers instantly become persona non grata, even in the cases where the government is supportive of the deal.

Subject Keywords

Strategy and Management, Business and International Management, Finance

URI

https://hdl.handle.net/11511/64710

Journal

JOURNAL OF INTERNATIONAL MANAGEMENT

DOI

https://doi.org/10.1016/j.intman.2020.100759

Collections

Economics and Administrative Sciences, Article

Suggestions

OpenMETU
Core

Systemic Change in a Higher Education Institution: Inquiring into Organizational and Instructional Transformation İpek, Ömer Faruk; Karaman, Abdullah Cendel (Springer Science and Business Media LLC, 2020-01-01) © 2020, Springer Science+Business Media, LLC, part of Springer Nature.Changes often occur in organizational systems due to the technology, new methods, new understandings and emerging needs. This study examined the reasons, components, roles of the people involved and results of the systemic change process at a university preparatory department by using a self-initiated, prescriptive, and planned systemic change process. The aim of the study is to investigate how the planned systemic change initiative was p...
Keep walking? Geographical proximity, religion, and relationship banking Beck, Thorsten; Ongena, Steven; Şendeniz Yüncü, İlkay (Elsevier BV, 2019-04-01) We investigate the geographical proximity of firms to their relationship banks. We find that Islamic banks are more remote to their borrowers. We also find that the probability for a firm to connect to a bank substantially decreases in distance, but that the choice along bank characteristics determines how potent distance is in its impact. If the bank in the vicinity is an Islamic bank, distance plays a more muted role, especially in cities with a high conservative party vote and higher trust in religious i...
Decision Making and the Price Setting Newsvendor: Experimental Evidence KOCABIYIKOĞLU, AYŞE; GÖĞÜŞ, CELİLE ITIR; Gönül, Mustafa Sinan (Wiley, 2016-02-01) We present an experimental study of the price-setting newsvendor problem, which extends the traditional framework by allowing the decision maker to determine both the selling price and the order quantity of a given item. We compare behavior under this model with two benchmark conditions where subjects have a single decision to make (price or quantity). We observe that subjects deviate from the theoretical benchmarks when they are tasked with a single decision. They also exhibit anchoring behavior, where the...
Energy mutual funds and oil prices Gormus, Alper; Diltz, John David; Soytaş, Uğur (Emerald, 2018-01-01) Purpose The purpose of this paper is to examine the price level and volatility impacts of oil prices on energy mutual funds (EMFs). The authors also examine specific fund characteristics which might influence those interactions.
JOINT PRICING AND REPLENISHMENT DECISIONS FOR NON-INSTANTANEOUS DETERIORATING ITEMS WITH PARTIAL BACKLOGGING, INFLATION- AND SELLING PRICE-DEPENDENT DEMAND AND CUSTOMER RETURNS Ghoreishi, Maryam; Mirzazadeh, Abolfazl; Weber, Gerhard Wilhelm; Nakhai-Kamalabadi, Isa (American Institute of Mathematical Sciences (AIMS), 2015-07-01) This paper develops an Economic Order Quantity (EOQ) model for non-instantaneous deteriorating items with selling price- and inflation-induced demand under the effect of inflation and customer returns. The customer returns are assumed as a function of demand and price. Shortages are allowed and partially backlogged. The effects of time value of money are studied using the Discounted Cash Flow approach. The main objective is to determine the optimal selling price, the optimal length of time in which there is...

Citation Formats

N. Yapici and B. A. Hudson, “Generating a Scandal: Non-market Activity to Stop a Cross-Border Merger and Acquisition,” JOURNAL OF INTERNATIONAL MANAGEMENT, pp. 0–0, 2020, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/64710.