Successful post-acquisition integration hinges on combining hard and soft integration, but insights into how this can be done are scarce. We develop a dynamic model of post-acquisition integration through an in-depth inductive study of a cross-border acquisition. Our model illustrates that the combination of hard and soft integration decisions sets in motion intergroup interaction processes that influence both the realization of synergies and collaborative intentions. Our study advances the M&A literature by elucidating how hard and soft integration dynamically interact in their effects on post-acquisition integration outcomes. In doing so, we respond to the call for more research on the temporal nature of integration processes. Finally, we reveal that a singular or monolithic approach to post-acquisition integration is unlikely given that different units are likely to have different integration needs depending on their degrees of interdependence and autonomy.

中文翻译：

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软硬整合：迈向收购后整合的动态模型

成功的收购后整合取决于硬整合和软整合的结合，但对于如何做到这一点的见解却很少。我们通过对跨境收购的深入归纳研究，开发出收购后整合的动态模型。我们的模型表明，硬集成和软集成决策的组合设置在运动组间交互过程中，影响协同效应和协作意图的实现。我们的研究通过阐明硬整合和软整合如何动态地相互作用对收购后整合结果的影响来推进并购文献。在这样做的过程中，我们响应了对整合过程的时间性质进行更多研究的呼吁。最后，