Thi Bich Hanh Tran
Though an increasing amount of research on M&A’s performance has been recently added to the literature, a scanty number of studies has been attended to market performance of M&A. Add to this, little discussion has been found on the influential moderating factors for M&A’s performance, particularly market performance. In the contemporary economy characterized by a high degree of competition in the market and influences created by Technology 4.0, environmental uncertainties and M&A’s capabilities for grasping opportunities become largely relevant to M&A’s performance. This study aims to address the effect of post-integration strategies on M&A’s market performance and the moderating roles of market uncertainty, technological uncertainty, networking capability, and entrepreneurial orientation in the effects. By reflecting the viable factors in the present economy including the factors of uncertainty of the economic environment and the typical necessary capabilities of M&As (i.e. networking capability and entrepreneurial orientation), the study presents the propositions of the effects and a theoretical framework that is useful for future researchers and managers of M&As.
M&A Market Performance, Moderating Effect, Market Uncertainty, Technological Uncertainty, Networking Capability, Entrepreneurial Orientation