CZYNNIKI KSZTAŁTUJĄCE ODPORNOŚĆ PRACOWNIKÓW W FAZIE POTRANSAKCYJNEJ FUZJI I PRZEJĘĆ. PODEJŚCIE BEHAWIORALNE
DOI:
https://doi.org/10.26881/wg.2025.1/S.10Słowa kluczowe:
ekonomia behawioralna, fuzje i przejęcia, integracja po fuzji, odporność pracownikówAbstrakt
Cel. Fuzje i przejęcia to transakcje, które powodują złożone i głębokie zmiany organizacyjne. Pomimo swojego potencjału, nie przynoszą jednak oczekiwanych rezultatów ekonomicznych. Wcześniejsze badania wykazały istotną rolę odporności pracowników dla sukcesu fuzji i przejęć. Dlatego w tym badaniu celem jest wyznaczenie czynników wpływających na odporność pracowników w fazie integracji po fuzji.
Metoda. Niniejsze badanie analizuje czynniki wpływające na odporność pracowników w 295 transakcjach fuzji i przejęć w Polsce. W badaniu przeprowadzonym metodą CAWI pracownicy biurowi uczestniczący w transakcjach M&A zostali poproszeni o ocenę swoich doświadczeń w fazie po integracji w zakresie odporności, satysfakcji z pracy, skuteczności komunikacji, wizjonerskiego przywództwa i identyfikacji organizacyjnej. Czynniki behawioralne przewidujące odporność pracowników wyznaczone zostały przy użyciu ogólnego modelu liniowego z oszacowaniem metodą najmniejszych kwadratów. W modelu uwzględniono interakcje, w celu przetestowania moderującego efektu wielkości przedsiębiorstwa i płci na analizowane zależności.
Wyniki. Wyniki badania wykazały, że odporność pracowników podczas fuzji i przejęć statystycznie istotnie zależy od satysfakcji z pracy, wizjonerskiego przywództwa i identyfikacji organizacyjnej. Szczególnie silny, pozytywny wpływ wizjonerskiego przywództwa zaobserwowano w dużych organizacjach. Otrzymane rezultaty dostarczają praktycznych wskazówek, przydatnych dla menedżerów i doradców ds. fuzji i przejęć, wskazując na czynniki wpływające na sprawniejszą realizację integracji.
Downloads
Bibliografia
Akçin, K. (2023). The Mediating Effect of Psychological Resilience in the Impact of Increasing Job Insecurity with the Pandemic, on Organizational Commitment and Turnover Intention. Kybernetes, 52(7), 2416–2430. https://doi.org/10.1108/k-08-2022-1126
Al Hosani, Y., Jabeen, F., Paul, J., Stachowicz-Stanusch, A. (2020). Antecedents of Employee Alienation and Its Impact on Individual Work Performance During Post-Merger Integration (PMI). Journal of Organizational Change Management, 33(6), 1085–1110. https://doi.org/10.1108/JOCM-03-2020-0085
Allen, J., Jimmieson, N. L., Bordia, P., Irmer, B. E. (2007). Uncertainty during Organizational Change: Managing Perceptions through Communication. Journal of Change Management, 7(2), 187–210. https://doi.org/10.1080/14697010701563379
Alnehabi, M. (2024). The Mediating Role of Employee Performance in the Relationship Between Organizational Identification, Organizational Commitment, and Corporate Reputation Among Saudi Bank Employees. Corporate Reputation Review, 1–14. https://doi.org/10.1057/S41299-023-00176-w
Amabile, T. M., Kramer, S. J. (2011). The Power of Small Wins. Harvard Business Review, 89(5), 70.
Attah-Boakye, R., Guney, Y., Hernandez-Perdomo, E., Mun, J. (2021). Why do Some Merger and Acquisitions Deals Fail? A global perspective. International Journal of Finance and Economics, 26(3), 4734–4776. https://doi.org/10.1002/ijfe.2039
Bakotić, D. (2016). Relationship between Job Satisfaction and Organisational Performance. Economic Research-Ekonomska Istraživanja, 29(1), 118–130. https://doi.org/10.1080/1331677X.2016.1163946
Balle, N. (2008). Hearts at Stake: A Theoretical and Practical Look at Communication in Connection with Mergers and Acquisitions. Corporate Communications, 13(1), 56–67. https://doi.org/10.1108/13563280810848193
Bansal, A., King, D. R. (2022). Communicating Change Following an Acquisition. International Journal of Human Resource Management, 33(9), 1886–1915. https://doi.org/10.1080/09585192.2020.1803947
Bernards, B. (2023). Do Visionary and Servant Leaders Reduce Cognitive Uncertainty of Professionals? A Study of Team-Based Settings in Public Organizations. Public Management Review, 25(6), 1059–1081. https://doi.org/10.1080/14719037.2021.2005326
Bernards, B., van der Voet, J., van der Pas, S., Groeneveld, S. (2021). Organizational Rules and Cognitive Uncertainty Among Public Professionals: A Daily Diary Study. Review of Public Personnel Administration, 41(4), 792–813. https://doi.org/10.1177/0734371x20943932
Birkinshaw, J., Bresman, H., Håkanson, L. (2000). Managing the Post-acquisition Integration Process: How the Human Integration and Task Integration Processes Interact to Foster Value Creation. Journal of Management Studies, 37(3), 395–425. https://doi.org/10.1111/1467-6486.00186
Boateng, A., Du, M., Bi, X., Lodorfos, G. (2019). Cultural Distance and Value Creation of Cross-Border M&A: The Moderating Role of Acquirer Characteristics. International Review of Financial Analysis, 63, 285–295. https://doi.org/https://doi.org/10.1016/j.irfa.2018.12.009
Cammann, C., Fichman, M., Jenkins, G. D., Klesh, J. R. (1983). Assessing the Attitudes and Perceptions of Organizational Members. In S. S. Seashore, E. E. Lawer III, P. H. Mirvis, C. Cammann (Eds.), Assessing Organizational Change: A Guide to Methods, Measures, and Practices (pp. 71–138). Wiley.
Carleton, J. R., Lineberry, C. S. (2004). Achieving Post-Merger Success. A Stakeholder’s Guide to Cultural Due Diligence, Assessment, and Integration. Pfeiffer. An imprint of Wiley.
Cho, I., Park, H., Dahlgaard-Park, S. M. (2017). The Impacts of Organisational Justice and Psychological Resilience on Employee Commitment to Change in an M&A Context. To-tal Quality Management & Business Excellence, 28(9–10), 989–1002. https://doi.org/10.1080/14783363.2017.1303890
Dao, M. A., Bauer, F. (2021). Human Integration Following M&A: Synthesizing Different M&A Research Streams. Human Resource Management Review, 31(3), 100746. https://doi.org/10.1016/j.hrmr.2020.100746
Gorton, G., Kahl, M., Rosen, R. J. (2009). Eat or Be Eaten: A Theory of Mergers and Firm Size. Journal of Finance, 64(3). https://doi.org/10.1111/j.1540-6261.2009.01465.x
Grimpe, C. (2005). Arbeitszufriedenheit und Fluktuation im Post Merger Integrationsprozess. ZEW Discussion Papers. https://ideas.repec.org/p/zbw/zewdip/4559.html
Große Peclum, K.-H., Krebber, M., Lips, R. (2012). Erfolgreiches Change Management in der Post Merger Integration. Erfolgreiches Change Management in Der Post Merger Integra-tion. https://doi.org/10.1007/978-3-8349-7190-6
Guan, Y., Wang, Y., Zhang, J., Cao, Y. (2023). Overcome Social Anxiety Disorder and Develop Visionary Leadership in Uncertain Environments: The Important Role of Psychological Resilience. Frontiers in Psychology, 13, 1106993. https://doi.org/10.3389/fpsyg.2022.1106993
Hill-Berry, N. P., Burris-Melville, T. S. (2024). When the Going Gets Tough: Educational Leadership and Resilience in Times of Crises. Power and Education. https://doi.org/10.1177/17577438241297242
Ilies, R., Judge, T. A. (2003). On the Heritability of Job Satisfaction: The Mediating Role of Personality. Journal of Applied Psychology, 88(4), 750–759. https://doi.org/10.1037/0021-9010.88.4.750
Jeong, N. (2021). Diversity Management and Postmergers and Acquisitions Performance. Management Decision, 59(10), 2369–2384. https://doi.org/10.1108/MD-05-2020-0635
Jensen, U. T., Andersen, L. B., & Jacobsen, C. B. (2019). Only When We Agree! How Value Congruence Moderates the Impact of Goal-Oriented Leadership on Public Service Motivation. Public Administration Review, 79(1), 12–24. https://doi.org/10.1111/PUAR.13008
Kahneman, D., Deaton, A. (2010). High Income Improves Evaluation of Life but not Emotional Well-Being. Proceedings of the National Academy of Sciences of the United States of America, 107(38), 16489–16493. https://doi.org/10.1073/pnas.1011492107
Kalsie, A., Singh, N. (2022). Measurement of Synergy in Merger & Acquisitions: A Panel Da-ta Approach Using Composite Variable (principal component analysis). Journal of Corporate Accounting and Finance, 33(1), 36–51. https://doi.org/10.1002/jcaf.22523
Kaur, G., & Sharma, R. K. (2024). Developing the Framework for Mergers and Acquisitions Success: Evidence from the Indian Banking Sector. Journal of the Knowledge Economy, 1–28. https://doi.org/10.1007/S13132-024-01746-x
Khan, Z., Soundararajan, V., Wood, G., Ahammad, M. F. (2020). Employee Emotional Resilience during Post-Merger Integration Across National Boundaries: Rewards and the Mediating Role of Fairness Norms. Journal of World Business, 55(2), 100888. https://doi.org/10.1016/j.jwb.2017.06.009
Kroon, D., Noorderhaven, N., Leufkens, A. (2009). Organizational Identification and Cultural Differences: Explaining Employee Attitudes and Behavioral Intentions during Postmerger Integration. Advances in Mergers and Acquisitions, 8, 19–42. https://doi.org/10.1108/S1479-361x(2009)0000008004
Kroon, D. P., & Noorderhaven, N. G. (2018). The Role of Occupational Identification During Post-Merger Integration. Group and Organization Management, 43(2), 207–244. https://doi.org/10.1177/1059601116666168
Kuntz, J. R. C., Näswall, K., Malinen, S. (2016). Resilient Employees in Resilient Organizations: Flourishing Beyond Adversity. Industrial and Organizational Psychology, 9(2), 456–462. https://doi.org/10.1017/iop.2016.39
Liang, F., Cao, L. (2021). Linking Employee Resilience with Organizational Resilience: The Roles of Coping Mechanism and Managerial Resilience. Psychology Research and Behavior Management, 14, 1063–1075. https://doi.org/10.2147/prbm.S318632
Lyu, H., Yao, M., Zhang, D., Liu, X. (2020). The Relationship Among Organizational Identity, Psychological Resilience and Work Engagement of the First-Line Nurses in the Prevention and Control of COVID-19 Based on Structural Equation Model. Risk Management and Healthcare Policy, 13, 2379–2386. https://doi.org/10.2147/rmhp.S254928
Mael, F., Ashforth, B. E. (1992). Alumni and Their Alma Mater: A Partial Test of the Reformulated Model of Organizational Identification. Journal of Organizational Behavior, 13(2), 103–123. https://doi.org/10.1002/job.4030130202
Mahmood, Z., Moazzam, A. (2021). Influence of Personality Traits on Organization Identification: A Case Study of Livestock and Dairy Development Department, Punjab.
Mao, Y., Kang, X., Lai, Y., Yu, J., Deng, X., Zhai, Y., Kong, F., Ma, J., Bonaiuto, F. (2023). Authentic Leadership and Employee Resilience during the COVID-19: The Role of Flow, Organizational Identification, and Trust. Current Psychology 2022 42:23, 42(23), 20321–20336. https://doi.org/10.1007/s12144-022-04148-x
Margaretha, M., Prajnanta, F., Prabandari, S. P., Noermijati, N., Kurniawati, D. T. (2024). Fostering Employee Engagement: A Qualitative Study of Post-Merger Integration in the Agrochemical Industry. Polish Journal of Management Studies, 29(2), 380–393. https://doi.org/10.17512/pjms.2024.29.2.20
Näswall, K., Kuntz, J., Malinen, S. K. (2015). Employee Resilience Scale (EmpRes): Technical Report. Resilient Organisations Research Report, 4.
Näswall, K., Malinen, S., Kuntz, J., Hodliffe, M. (2019). Employee Resilience: Development and Validation of a Measure. Journal of Managerial Psychology, 34(5), 353–367. https://doi.org/10.1108/jpm-02-2018-0102
Palm, M., Kraft, P. S., Kammerlander, N. (2024). Family Firms, M&A Strategies, and M&A Performance: A Meta-Analysis. Journal of Management, 50(7), 2818–2849. https://doi.org/10.1177/01492063231178027
Patel, S. (2018). A Study towards the Influencing Factors of Leadership Styles and Impact on Employee Performance: An Empirical Study of Banking Sector. International Journal of Research in Management, Economics and Commerce, 8(4), 108-112. https://www.indusedu.org/pdfs/IJRMEC/IJRMEC_1767_39035.pdf
Paumen, T., Kroon, D., & Khapova, S. N. (2022). Consequences of M&A Team Composition for Deal Outcomes: An Inductive Study. Frontiers in Psychology, 13, 931025. https://doi.org/10.3389/fpsyg.2022.931025
Plimmer, G., Kuntz, J., Berman, E., Malinen, S., Näswall, K., Franken, E. (2023). The Negative Relationships Between Employee Resilience and Ambiguity, Complexity, and Inter-Agency Collaboration. Australian Journal of Public Administration, 82(2), 248–270. https://doi.org/10.1111/1467-8500.12587
Robbins, S. P., Judge, T., Millett, B., Boyle, M. (2017). Organisational Behaviour (8th edition). Pearson Australia.
Samal, A., Patra, S., Chatterjee, D. (2020). Impact of Culture on Organizational Readiness to Change: Context of Bank M&A. Benchmarking, 28(5), 1503–1523. https://doi.org/10.1108/BIJ-10-2019-0454
Savović, S., Babić, V. (2021). Impact of Behaviour Factors on Acquisition Performance: Mediating Role of Speed of Post-Acquisition Change. Journal of Organizational Change Management, 34(5), 929–956. https://doi.org/10.1108/JOCM-02-2020-0056
Sharma, G., Yukhymenko-Lescroart, M. A. (2022). Life Purpose as a Predictor of Resilience and Persistence in College Students During the COVID-19 Pandemic. Journal of College Student Retention, 26(2), 334–354. https://doi.org/10.1177/15210251221076828
Sharma, Y., Seetharaman, A., Maddulety, K. (2024). Employees’ Resistance to Change During Post-Merger Integration in Services Organizations. PEOPLE: International Journal of Social Sciences, 10(1), 56–68. https://doi.org/10.20319/pijss.2024.101.5668
Singh, R., Goel, G., Ghosh, P., Sinha, S. (2022). Mergers in Indian Public Sector Banks: Can Human Resource Practices Ensure Effective Implementation of Change? Management Decision, 60(3), 606–633. https://doi.org/10.1108/MD-09-2020-1279
Stam, D., Lord, R. G., van Knippenberg, D., Wisse, B. (2014). An Image of Who We Might Become: Vision Communication, Possible Selves, and Vision Pursuit. Organization Science, 25(4). https://doi.org/10.1287/orsc.2013.0891
Tate, G., Yang, L. (2015). Female Leadership and Gender Equity: Evidence from Plant Closure. Journal of Financial Economics, 117(1), 77–97. https://doi.org/10.1016/j.jfineco.2014.01.004
Zumbo, B. D., Gadermann, A. M., Zeisser, C. (2007). Ordinal Versions of Coefficients Alpha and Theta for Likert Rating Scales. Journal of Modern Applied Statistical Methods, 6(1), 21–29. https://doi.org/10.56801/10.56801/v6.I.279