Department member Dimitrija Kalanoski obtained the “Best paper award” at the EURAM-2018 Reykjavik Conference in June 2018.
The European Academy of Management is a learned society founded in 2001 which aims at advancing the academic discipline of management in Europe. With members from 49 countries in Europe and beyond, EURAM has a high degree of diversity and provides its members with opportunities to enrich debates over a variety of research management themes and traditions.
Kalanoski, Cappa & Pinelli’s paper entitled “Institutional Quality Differences and the Performance Effect of M&As on Rival Firms” looks at how the differences in the degree of development of the institutional environments - that is, the institutional competitive advantage and disadvantageof acquiring, target and rival firms - may impact the performance of rivals upon M&A announcements. First, Dimitrija and his co-authors observe that M&As affect rivals’ performance more positively when the institutional quality of their home country is higher than the institutional quality of the acquirers’ home country. In other words, rivals have a higher institutional competitive advantage compared to acquirers. Second, M&As also affect rivals’ performance more positively when the institutional quality of the acquirers’ home country is higher than their targets’, which means that acquirers are faced with an institutional competitive disadvantage in this case.
Dimitrija is a Senior SNSF Researcher who is mainly working on themes that concern inter-firm competition, cooperation and coopetition by relying on structure, conduct, and performance (value creation and value appropriation) models, even though his portfolio of research projects also considers interfirm arrangements (M&As, JVs, spinoffs, alliances), institutional theory, and corporate market and non-market strategies.