企业管理系学术讲座系列2021年第6讲

主 题：Corporate Social Responsibility and Acquisition Performance：The Role of Complementary Stakeholder Management Capabilities

主讲人: 王汝曦（中国人民大学商学院企业管理系讲师）

时 间：2021-05-14 10:30

地 点：线上腾讯会议

语 言：中英文

腾讯会议室： https://meeting.tencent.com/s/g8ABGCb1ymt6

会议ID：889 343 706

密  码：0514

讲座摘要:

Combining insights from the resource-based view and capabilities literatures, we examine the effect of CSR complementarity between the acquirer and target firms on acquisition performance. We argue that greater CSR complementarity – defined as the differences in CSR strengths between the acquirer and target – offers potential for improvement and synergies in stakeholder management capabilities, less resource duplication, and greater reputational gains. Data from 479 acquisitions in the US reveal that high CSR complementarity has a positive effect on acquisition performance. Further, we also explore industry effects, finding that when acquiring firms operate in industries with low growth, this positive effect is strengthened. Taken as a whole, these findings suggest that shareholders consider the combined firms’ portfolio of stakeholder management capabilities and their ability to fully leverage this complementarity when evaluating the synergistic potential of a proposed acquisition.

主讲人简介:

王汝曦，中国人民大学商学院企业管理系讲师。博士毕业于荷兰鹿特丹伊拉斯姆斯大学战略管理与创业管理系，曾先后在西安交通大学获得工学学士与经济学硕士。研究兴趣包括企业社会责任和政府影响。她一直是美国管理学学会、战略管理学会、中国管理研究国际学会的会员和多个