Speaker: Dr Byung-Gak Son – Senior Lecturer in Supply Chain Management
Title: Considering mergers and acquisitions (M&A)as an important tool for enhancing competitiveness
Date: Wed 10th November 2021
Venue: Room 3.007 & also Online via MS Teams
Time: Seminar commences 14.00 hrs (Lunch for registered participants available in WBS Staff Lounge from 13:15 hrs)
Abstract:
Considering mergers and acquisitions (M&A) as an important tool for enhancing competitiveness, companies are increasingly investing resources in seeking M&A opportunities. Factors for explaining the variance in M&A performance, however, are still not well understood, particularly at the network level. Even so, there is an implicit consensus that synergy in network resources among merging firms may lead to better post-M&A performance. One source of post-M&A synergy could be relatedness in merging firms’ supply chains. Using firm-level supply chain data of 279 M&A deals from FactSet, completed between 2010-2017, this paper examines (1) the impact of structural equivalence between merging firms on post-M&A performance and (2) the moderating roles of vertical relatedness on performance implications of structural equivalence. Our results provide strong evidence about the positive influences of merging firms’ structural equivalence on post-M&A performance, particularly when vertical relatedness is high.
Biography:
Dr. Byung-gak Son is a Senior Lecturer in Supply Chain Management at Cass Business School, now Bayes Business School. His research interests are Supply Chain Partnership, Supply Chain Risk Management, and Offshoring and reshoring. Currently his research is more focused on Managing Risks in Extended Supply Chain. His research appears in Journal of Operations Management, Production and Operations Management and International Journal of Operations & Production Management. His consultancy work includes the Korean Ministry of Foreign Affair and The Korea Trade Investment Promotion Agency.
Co-authors in this research:
Dr. Sangho Chae is an associate professor of supply chain management at Tilburg University. His research focuses on supply network structures and their implications for innovation, supply risk, and sustainability. Factors that bring changes to supply network structures are also in his research interests. His research appears in the Journal of Operations Management, Journal of Supply Chain Management, Journal of Business Logistics, International Journal of Operations & Production Management, and Journal of Business Ethics among others. He serves as an editorial review board member of the Journal of Operations Management and Journal of Supply Chain Management. He holds his Ph.D. from Arizona State University. Before his Ph.D., he was a demand planner at the Italian subsidiary of Samsung Electronics.
Dr. Yang (Sophie) Yang has 3 years of work experience in purchasing and project management in the infrastructure and construction industry. Her main research interest is buyer-supplier relationship management in the supply network context. Her current research projects include addressing buyer-supplier agency problems from the network perspective, identifying critical suppliers in the network, and supplier’s embeddedness.
Professor Tingting Yan. Professor Yan is a professor of global supply chain management at Wayne State University’s Mike Ilitch School of Business. Her research interests are in areas of supplier innovation and supply network, which focus on answering one question: "How could a firm better innovate by managing its supply network as well as understanding its suppliers’ extended networks?" Yan serves as an associate editor for Journal of Operations Management and Journal of Supply Chain Management, and an editorial board reviewer for Decision Science and Journal of Business Logistics. She is frequently recognized by top journals as best associate editor or reviewer. Yan’s work has been published in Journal of Operations Management, Decision Sciences, International Journal of Production Economics, Journal of Purchasing and Supply Management, etc.
Contact: Please reserve your place by emailing operationsgroup@wbs.ac.uk