Postacquisition control can affect acquisition performance and acquisition legitimacy plays a significant role on the relationship between postacquisition control and acquisition performance. Based on a sample of 123 acquisitions, this paper makes an empirical study on the relationship among postacquisition control, acquisition legitimacy and acquisition performance. It is found that postacquisition informal control has significant positive effect on acquisition performance and formal control has no influence on acquisition performance. Furthermore, the relationship between postacquisition formal control and acquisition performance is positively moderated by external legitimacy, while internal legitimacy has negatively moderating role on the relationship between informal control and acquisition performance.
乐琦, 蓝海林. 并购后控制与并购绩效的关系研究: 基于合法性的调节效应[J]. J4, 2012, 9(2): 225-.
YUE Qi, LAN Hai-Lin. The Relationship between PostAcquisition Control and Acquisition Performance with Legitimacy as a Moderator. J4, 2012, 9(2): 225-.