Relationships Between Type of Acquisition, The Autonomy Given to the Acquired Firm, and Acquisition Success: An Empirical Analysis
研究了收购公司给予被收购公司的自主权程度与收购成功的关系，发现非相关收购中自主权更大且与绩效正相关，而相关收购中关系不显著。
This study examines the degree of autonomy provided by acquiring companies to the management of acquired firms in the managing of post-acquisition operations as well as the relationships between such autonomy and the perceived success of the acquisition. Results show that in unrelated acquisitions the extent of autonomy is significantly greater than in related acquisition. Also, autonomy is positively associated with superior performance in unrelated acquisitions, but the relationship is not significant in related acquisitions. Implications for future research and management practice are discussed.