Lu, Q, Toms, S orcid.org/0000-0002-6147-7828 and Wei, Y orcid.org/0000-0003-2556-880X (2023) From light touch to top management control: HSBC’s integration of its first two acquired subsidiaries 1960-1980. Business History, 65 (4). pp. 656-678. ISSN 0007-6791
Abstract
This research contributes to British multinational banking history, post-acquisition integration and legitimacy research, by exploring HSBC’s top management control integration with its first two acquired British banks, during the period 1960–1980, from the social psychological perspective of legitimacy judgement. It explores why HSBC’s key decision-maker’s legitimacy judgement of the initial decision to retain its acquired subsidiaries’ top management control shifted from legitimate to illegitimate and how HSBC built legitimacy for its integration decisions with the subsidiaries’ staff. It thus complements Chandler (1990) and Jones (1993) by exploring the critical role played by individuals in the integration process and showing that slower integration also had benefits for the parent’s Group interests due to the distinctive characteristics of the banking business. In addition, due to the uniqueness of HSBC, this research also has some indications for research about the post-acquisition integration of emerging market-based multinationals.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2021 Informa UK Limited, trading as Taylor & Francis Group. This is an author produced version of a journal article published in Business History. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Post-acquisition integration; legitimacy judgement; legitimisation strategy; socio-psychological perspective; managerial hierarchies; light touch; British multinational banks; emerging multinational companies; case study; joint disciplinary research; HSBC; Mercantile Bank; British Bank of Middle East |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Accounting & Finance Division (LUBS) (Leeds) The University of Leeds > Faculty of Business (Leeds) > International Business Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 05 Mar 2021 15:57 |
Last Modified: | 08 Nov 2023 14:56 |
Status: | Published |
Publisher: | Routledge |
Identification Number: | 10.1080/00076791.2021.1883000 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:171803 |