Angwin, Duncan N., Paroutis, Sotirios and Connell, Richard (2015) Why good things Don’t happen : the micro-foundations of routines in the M&A process. Journal of Business Research, 68 (6). pp. 1367-1381. doi:10.1016/j.jbusres.2014.12.007 ISSN 0148-2963.

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Abstract

Why do organizations reject favorable opportunities - why don't good things happen? To address this question, we examine companies that fail to proceed with major opportunities for strategic renewal. By focusing upon routines in 28 cases of reverse mergers and acquisitions decisions across three continents, the research uncovers the centrality of a hitherto overlooked process, the authorization routine. The characteristics of this routine, and its nested nature, are shown to be critical to whether favorable opportunities are progressed. These findings contribute to the mergers and acquisition literature by extending prior process models and to the routines literature by showing how links and interactions between different layers of routines, and the nature of the routine enactment itself, are important in affecting strategic outcomes.

Item Type:	Journal Article
Divisions:	Faculty of Social Sciences > Warwick Business School
Journal or Publication Title:	Journal of Business Research
Publisher:	Elsevier Inc.
ISSN:	0148-2963
Official Date:	9 January 2015
Dates:	Date Event 9 January 2015 Available 16 December 2014 Accepted 11 March 2014 Submitted
Volume:	68
Number:	6
Page Range:	pp. 1367-1381
DOI:	10.1016/j.jbusres.2014.12.007
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access

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