The Interactive Use of Budgeting or Performance Control in Post-Merger Integration:

Focusing on the Mediation Effect of Knowledge Transfer and the Moderation Effect of Employee Retention

Abstract

This study focused on the effects of the interactive use of budgeting or performance control in Post-Merger Integration. Using data from a sample of Post-Merger Integration by Japanese firms, this study analyzed the direct and indirect effects of the interactive use of budgeting or performance control on M&A performance. As a result, the former effect was supported. Regarding the latter effects, the mediation effects of the knowledge transfer were also supported but the moderated mediation effects were not supported.