---
res:
  bibo_abstract:
  - <jats:sec><jats:title content-type="abstract-subheading">Purpose</jats:title><jats:p>The
    purpose of this paper is to revisit the disastrous DaimlerChrysler AG takeover
    episode from 1998 to 2007 in order to arrive at a more comprehensive explanation
    of this and other merger and takeover failures based on institutional theory.</jats:p></jats:sec><jats:sec><jats:title
    content-type="abstract-subheading">Design/methodology/approach</jats:title><jats:p>The
    case study is based on various secondary sources of information and on the insights
    that one of the authors gained from working for 14 years in various positions
    for Daimler-Benz and DaimlerChrysler.</jats:p></jats:sec><jats:sec><jats:title
    content-type="abstract-subheading">Findings</jats:title><jats:p>DaimlerChrysler
    failed because top management made mistakes in trying to globalize the company.
    They were unable to realize possible synergies between the two companies, which
    brought complementary resources into the merger. Furthermore, they did not account
    for the institutional embeddedness of strategies when they adopted lean production
    globally, diffused the production system developed in Germany to other parts of
    the world and tried to implement a global stock enlisted in New York and Frankfurt.
    The underlying theoretical framework is relevant for other merger and acquisition
    cases. It features institutional embeddedness, path dependency and institutional
    arbitrage.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Originality/value</jats:title><jats:p>The
    paper develops an institutional perspective on DaimlerChrysler and on cross-border
    merger and acquisition failure more generally. The perspective is organized around
    the varieties-of-capitalism approach. This contribution is important because there
    is increasing dissatisfaction with the dominant explanation of cross-border merger
    and acquisition failure, which is based on the allegedly failed management of
    culture “clashes.”</jats:p></jats:sec>@eng
  bibo_authorlist:
  - foaf_Person:
      foaf_givenName: John Rankin Wood
      foaf_name: Riach, John Rankin Wood
      foaf_surname: Riach
  - foaf_Person:
      foaf_givenName: Martin
      foaf_name: Schneider, Martin
      foaf_surname: Schneider
      foaf_workInfoHomepage: http://www.librecat.org/personId=471
    orcid: https://orcid.org/0000-0002-6961-3716
  bibo_doi: 10.1108/ccsm-12-2020-0250
  bibo_issue: '3'
  bibo_volume: 29
  dct_date: 2022^xs_gYear
  dct_isPartOf:
  - http://id.crossref.org/issn/2059-5794
  dct_language: eng
  dct_publisher: Emerald@
  dct_subject:
  - Organizational Behavior and Human Resource Management
  - Strategy and Management
  - Sociology and Political Science
  - Cultural Studies
  - Business and International Management
  dct_title: The DaimlerChrysler takeover failure revisited from a varieties-of-capitalism
    perspective@
...