Abstract：This study incorporates the frontier understanding of relativeness concept that contains resource similarity and resource complementary into the exploration of the interactive affecting mechanism for integration performance of Chinese firms’ upstream merger and acquistion (M&A). By adopting Fuzzy-set Qualitative Comparative Analysis (fsQCA), we examined how four conditions which include resource similarity, resource complementary, strategic dependency of integration and organizational autonomy of integration affect the integration performance. The results demonstrate that, when we use “light-touch” integration, which was advanced as one of the most important Chinese firms’ upstream M&A integration by recent literature, to be the proxy of high organizational autonomy in integration, high resource complementary “light-touch” mode and non-resource similarity with non-strategic dependency “light-touch” mode result in higher integration performance. These findings clarified the contextual boundary of the effect of “light-touch” integration for Chinese firms’ upstream M&A integration performance, and revealed the necessary conditions for how “light-touch” integration creates higher merger performance in the perspective of relativeness, thus this study provides new insights for the research of cross-border M&A on Chinese firms.
黄嫚丽，张明，皮圣雷，陆诗夏. 中国企业逆向跨国并购整合组态与并购整合绩效关系研究[J]. 管理学报, 2019, 16(5): 656-.
HUANG Manli，ZHANG Ming，PI Shenglei，LU Shixia. Research on the Association between the Integrative Configuration of Upstream Cross-Border M&A and Performance. Chinese Journal of Management, 2019, 16(5): 656-.
