{"publication":"Cross Cultural and Strategic Management","language":[{"iso":"eng"}],"page":"552-568","publisher":"Emerald","type":"journal_article","keyword":["Organizational Behavior and Human Resource Management","Strategy and Management","Sociology and Political Science","Cultural Studies","Business and International Management"],"citation":{"short":"J.R.W. Riach, M. Schneider, Cross Cultural and Strategic Management 29 (2022) 552–568.","bibtex":"@article{Riach_Schneider_2022, title={The DaimlerChrysler takeover failure revisited from a varieties-of-capitalism perspective}, volume={29}, DOI={<a href=\"https://doi.org/10.1108/ccsm-12-2020-0250\">10.1108/ccsm-12-2020-0250</a>}, number={3}, journal={Cross Cultural and Strategic Management}, publisher={Emerald}, author={Riach, John Rankin Wood and Schneider, Martin}, year={2022}, pages={552–568} }","ieee":"J. R. W. Riach and M. Schneider, “The DaimlerChrysler takeover failure revisited from a varieties-of-capitalism perspective,” <i>Cross Cultural and Strategic Management</i>, vol. 29, no. 3, pp. 552–568, 2022, doi: <a href=\"https://doi.org/10.1108/ccsm-12-2020-0250\">10.1108/ccsm-12-2020-0250</a>.","ama":"Riach JRW, Schneider M. The DaimlerChrysler takeover failure revisited from a varieties-of-capitalism perspective. <i>Cross Cultural and Strategic Management</i>. 2022;29(3):552-568. doi:<a href=\"https://doi.org/10.1108/ccsm-12-2020-0250\">10.1108/ccsm-12-2020-0250</a>","mla":"Riach, John Rankin Wood, and Martin Schneider. “The DaimlerChrysler Takeover Failure Revisited from a Varieties-of-Capitalism Perspective.” <i>Cross Cultural and Strategic Management</i>, vol. 29, no. 3, Emerald, 2022, pp. 552–68, doi:<a href=\"https://doi.org/10.1108/ccsm-12-2020-0250\">10.1108/ccsm-12-2020-0250</a>.","chicago":"Riach, John Rankin Wood, and Martin Schneider. “The DaimlerChrysler Takeover Failure Revisited from a Varieties-of-Capitalism Perspective.” <i>Cross Cultural and Strategic Management</i> 29, no. 3 (2022): 552–68. <a href=\"https://doi.org/10.1108/ccsm-12-2020-0250\">https://doi.org/10.1108/ccsm-12-2020-0250</a>.","apa":"Riach, J. R. W., &#38; Schneider, M. (2022). The DaimlerChrysler takeover failure revisited from a varieties-of-capitalism perspective. <i>Cross Cultural and Strategic Management</i>, <i>29</i>(3), 552–568. <a href=\"https://doi.org/10.1108/ccsm-12-2020-0250\">https://doi.org/10.1108/ccsm-12-2020-0250</a>"},"year":"2022","user_id":"471","_id":"47670","status":"public","abstract":[{"lang":"eng","text":"<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>"}],"title":"The DaimlerChrysler takeover failure revisited from a varieties-of-capitalism perspective","date_updated":"2023-10-06T13:26:51Z","intvolume":"        29","issue":"3","volume":29,"author":[{"first_name":"John Rankin Wood","full_name":"Riach, John Rankin Wood","last_name":"Riach"},{"orcid":"https://orcid.org/0000-0002-6961-3716","full_name":"Schneider, Martin","last_name":"Schneider","first_name":"Martin","id":"471"}],"publication_identifier":{"issn":["2059-5794"]},"doi":"10.1108/ccsm-12-2020-0250","date_created":"2023-10-05T16:00:11Z","publication_status":"published"}