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Making great minds think alike: Emerging market multinational firms’ leadership effects on targets’ employee psychological safety after cross-border mergers and acquisitions

Lookup NU author(s): Dr Rekha Nicholson



This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND).


This paper examines the impact of leadership on targets’ employee psychological safety (EPS), characterized by employees’ expectation of job and remuneration stability, during the cross-border mergers and acquisitions (M&As) by emerging market multinational companies (EMNEs). The M&As by Indian and Chinese companies forms the empirical context of this study and the case survey method is used to examine the effect of leadership on EPS. The results show that the EMNEs’ leadership visibility during the M&A process has no impact on the EPS, whereas, the trust in the EMNEs’ leadership has positive effect on the EPS. The deal status has a moderating effect on the leadership visibility and positively affects the EPS. This research finds evidence of target country differences in terms of the effect of EMNEs’ leadership on EPS and limited evidence of such effect for acquirer nationality differences.

Publication metadata

Author(s): Rao-Nicholson R, Khan Z, Stokes P

Publication type: Article

Publication status: Published

Journal: International Business Review

Year: 2016

Volume: 25

Issue: 1 (part A)

Pages: 103–113

Print publication date: 01/02/2016

Online publication date: 09/10/2015

Acceptance date: 21/09/2015

Date deposited: 08/10/2016

ISSN (print): 0969-5931

ISSN (electronic): 1873-6149

Publisher: Pergamon Press


DOI: 10.1016/j.ibusrev.2015.09.007


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