Processes Adopted to Integrate Intangible Resources in Global Acquisitions among Container Lines: Perceptions of Acquirer and Acquired

다국어 초록 (Multilingual Abstract)

The spectrum of strategic co-operations among container lines varies from loose-knitted slot charters, liner conferences, shipping alliances, joint services and consortia, through to mergers and acquisitions (M&As). However, these forms of strategic co-operations have not always been able to achieve the intended synergetic growth resulting from the integration of resources. The Resource Based View (RBV) suggests that integrating intangible resources, which are valuable, rare, inimitable and non-substitutable (VRIN), can make a significant contribution to the performance of post strategic co-operations. This research paper investigates the contribution of intangible resources to the post acquisition success six global acquisitions among container lines. The nine senior managers attached to global container lines were the main participants of this study. Five of them represented acquired container lines, four represented acquirer container lines. The paper explains their personnel experience on the processes adopts to integrate intangible resources in acquisitions.

참고문헌 (Reference)

1 Dwyer, F. R., "eveloping buyer-seller relationships" 51 : 11-27, 1987

2 Fossey, J., "When size really does matter"

3 Buono, A. F., "When cultures collide: The anatomy of a merger" 38 (38): 477-500, 1989

4 Blair, M., "Unseen Wealth" Brookings Institution Press 2001

5 Firstbrook, C., "Transnational mergers and acquisitions: How to beat the odds of disaster" 28 (28): 53-56, 2007

6 Grant, R. M., "Toward a knowledge-based theory of the firm" 17 (17): 109-122, 1996

7 Walsh, J. P., "Top management turnover following mergers and acquisitions" 9 (9): 173-183, 1988

8 Cartwright, S., "The psychological impact of merger and acquisition on the individual: A study of building society managers" 46 (46): 327-342, 1993

9 Chatterjee, S., "The link between resources and type of diversification: Theory and evidence" 12 (12): 33-48, 1991

10 Tupper, S., "The eu's new competition regime for maritime transport" Watson Farley and Williams 2008

11 Day, G. S., "The capabilities of market-driven organisations" 58 : 37-52, 1994

12 Mallette, P., "The acquisition process map: Blueprint for a successful deal" 28 (28): 1-13, 2003

13 Hall, R., "The Strategic analysis of intangible resources" 13 (13): 135-144, 1992

14 Sigera, I., "The Contribution of intangible resourcesto the competitive performance of container lines: Perspectives of senior managers in Sri Lanka" 2010

15 Webster, F. E., "The Changing role of marketing in the corporation" 56 : 1-17, 1992

16 Park, C. W., "Strategic brand concept-image management" 50 (50): 1986

17 Amit, R., "Strategic assets and organisational rent" 4 : 33-37, 1993

18 Capron, L., "Redeployment of brands, sales forces, and general marketing management expertise following horizontal acquisitions:A resource-based view" 63 (63): 41-54, 1999

19 Krug, J. A., "Post acquisition turnover among U.S top management teams: An analysis of the effects of foreign vs domestic acquisitions of U.S targets" 18 (18): 667-675, 1997

20 Shirvastava, P., "Post -merger integration" 7 (7): 65-75, 1986

21 Robinson, R., "Planned patterns of strategic behaviour and their relationship to business unit performance" 9 : 43-60, 1998

22 Brooks, M. R., "Ocean carrier selection criteria in a new environment" 26 (26): 339-355, 1990

23 Weber, Y., "National and corporate culture fit in mergers/acquisitions: An exploratory study" 42 (42): 1215-1227, 2001

24 Itami, H., "Mobilizing invisible assets" Harvard University Press 1987

25 Brooks, M. R., "Mergers and acquisitions in the maritime transport industry 1996-2000" 45 (45): 9-27, 2006

26 Sirivastava, K. R., "Marketing, business processes and shareholder value: A framework of analysis" 63 (63): 168-179, 1999

27 Tengaku Jamaluddin, T. M. S., "Marketing of freight liner shipping services with reference to the fareast-europe trade: A malaysian perspective" 1995

28 Collison, F., "Market segments for marine liner service" 24 (24): 17-28, 1984

29 Birkinshaw, J., "Managing the postacquisition integration process: How the human integration and task integration processes interact to foster value creation" 37 (37): 395-425, 2000

30 Chiu, R. H., "Logistics performance of liner shipping in Taiwan" University of Wales College of Cardiff 1996

31 Kogut, B., "Joint ventures: theoretical and empirical perspectives" 9 (9): 319-, 1988

32 Brooking, A., "Intellectual capital: core asset for the millennium enterprise" International Thomson Business Press 1996

33 Sigera, I., "Integrating intangible resources in strategic co-operations of container lines: Ship agents perspective" 2010

34 Michalisin, M. D., "In search of strategic assets" 5 (5): 360-387, 1997

35 Lado, A. A., "Human resource systems and sustained competitive advantage" 19 (19): 699-727, 1994

36 Blake, R. R., "How to achieve integration on the human side of the merger" 13 (13): 41-56, 1985

37 Charan, R., "How networks reshape organisations-for results" 69 (69): 104-115, 1991

38 Barney, J., "Firm resources and sustained competitive advantage" 17 (17): 99-107, 1991

39 Lu, C. S., "Evaluating key resources and capabilities for liner shipping services" 27 (27): 285-310, 2007

40 Galbreath, T. J., "Determinants of firm success: A resource-based analysis" 2004

41 Boulton, R., "Cracking the value code" Harper Collins Publishers 2000

42 Zhu, S., "Converge? diverge? a comparison of horizontal merger laws in the united states and europea" 29 (29): 635-651, 2006

43 Hamel, G., "Collaborate with your competitors and win" 67 : 133-139, 1989

44 Teece, D. J., "Capturing value from knowledge assets: the new economy markets for know-how, and intangible assets" 40 : 55-79, 1998

45 Dierickx, I., "Asset stock accumulation and sustainability of competitive advantage" 35 : 35-1504, 1989

46 Chatman, J. A., "Assessing the relationship between industry characteristics and organisational culture: How different can you be" 37 (37): 522-553, 1994

47 Pablo, L. A., "Acquisition Decision-Making Processes: The central role of risk" 22 (22): 723-746, 1996

48 Nahavandi, A., "Acculturation in Mergers and Acquisitions" 13 (13): 79-90, 1988

49 Pallant, J., "A step by step guide to data analysis using SPSS for windows" Allen & Unwin 2007

50 Fahy, J., "A resource-based view of the firm: Some stumbling-blocks on the road to understanding sustainable competitive advantage" 11 (11): 57-78, 2002

51 Wernerfelt, B., "A resource-based view of the firm" 5 (5): 171-180, 1984

52 Das, T. K., "A resource based theory of strategic alliances" 26 (26): 31-61, 2000