Internal Human Capital Reconfiguration Following Mergers and Acquisitions: An Exploratory Study

Julia Bodner, Andrew Shipilov, Kaisa Snellman

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Abstract

Despite the wealth of research on post-merger integration, we know little about the antecedents and consequences of internal reconfiguration of human capital following M&A. In this study, we explore how M&A impacts internal reconfiguration of human capital between the target and the acquirer, how this reconfiguration affects employee departures and hiring, and the reconfiguration’s impact on the acquirer’s financial and innovation performance. Our study is set in the context of 299 M&A in Finland using matched employer-employee micro data. We find that M&A have a material impact on the internal reconfiguration of employees, which in turn makes the acquirers more likely to experience employee departures. We also find that internal reconfiguration impacts acquirers' innovation performance but not their financial performance.
Original languageEnglish
Publication date2021
Number of pages1
Publication statusPublished - 2021
EventStrategic Management Society 41st Annual International Conference. SMS 2021: Imagination and Inspiration: Creating Strategy Breakthroughs in a Discordant World - Virtual Toronto, Canada
Duration: 18 Sep 202121 Sep 2021
Conference number: 41
https://www.strategicmanagement.net/virtual-toronto/overview/welcome

Conference

ConferenceStrategic Management Society 41st Annual International Conference. SMS 2021
Number41
LocationVirtual Toronto
Country/TerritoryCanada
Period18/09/202121/09/2021
Internet address

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