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'Repsol meets YPF': displaying competence in cross-border M&A press releases

Jasper Vandenberghe (2011) JOURNAL OF BUSINESS COMMUNICATION (1973). 48(4). p.373-392
abstract
Mergers and acquisitions (M&As) are often said to be risky business, especially in cross-border M&As, when an acquiring company faces a possible clash of both corporate and national cultures. This article focuses on the acquisition of the Argentine oil company Yacimientos Petrolíferos Fiscales (YPF) by the Spanish oil company Repsol in 1999. In particular, using a corpus of Repsol’s M&A related press releases, the author demonstrates how the acquiring company draws on forward-looking statements, promotional language, and repetition to discursively display its financial and moral competences to negotiate the acquisition. The analysis will also show how, at a certain moment, Repsol introduces an appeasing antitrust narrative to respond to the hurt (nationalistic) feelings in YPF’s Latin American environment.
Please use this url to cite or link to this publication:
author
organization
year
type
journalArticle (original)
publication status
published
subject
keyword
mergers and acquisitions, M&As, cross-border acquisition, corporate communication, press releases, persuasion, rhetoric
journal title
JOURNAL OF BUSINESS COMMUNICATION (1973)
J. bus. commun. (1973)
volume
48
issue
4
issue title
Displaying competence
pages
373 - 392
ISSN
0021-9436
DOI
10.1177/0021943611414686
language
English
UGent publication?
yes
classification
A2
copyright statement
I have transferred the copyright for this publication to the publisher
VABB id
c:vabb:324083
VABB type
VABB-1
id
2009644
handle
http://hdl.handle.net/1854/LU-2009644
date created
2012-01-31 13:46:29
date last changed
2016-12-19 15:45:09
@article{2009644,
  abstract     = {Mergers and acquisitions (M\&As) are often said to be risky business, especially in cross-border M\&As, when an acquiring company faces a possible clash of both corporate and national cultures. This article focuses on the acquisition of the Argentine oil company Yacimientos Petrol{\'i}feros Fiscales (YPF) by the Spanish oil company Repsol in 1999. In particular, using a corpus of Repsol{\textquoteright}s M\&A related press releases, the author demonstrates how the acquiring company draws on forward-looking statements, promotional language, and repetition to discursively display its financial and moral competences to negotiate the acquisition. The analysis will also show how, at a certain moment, Repsol introduces an appeasing antitrust narrative to respond to the hurt (nationalistic) feelings in YPF{\textquoteright}s Latin American environment.},
  author       = {Vandenberghe, Jasper},
  issn         = {0021-9436},
  journal      = {JOURNAL OF BUSINESS COMMUNICATION (1973)},
  keyword      = {mergers and acquisitions,M\&As,cross-border acquisition,corporate communication,press releases,persuasion,rhetoric},
  language     = {eng},
  number       = {4},
  pages        = {373--392},
  title        = {'Repsol meets YPF': displaying competence in cross-border M\&A press releases},
  url          = {http://dx.doi.org/10.1177/0021943611414686},
  volume       = {48},
  year         = {2011},
}

Chicago
Vandenberghe, Jasper. 2011. “‘Repsol Meets YPF’: Displaying Competence in Cross-border M&A Press Releases.” JOURNAL OF BUSINESS COMMUNICATION (1973) 48 (4): 373–392.
APA
Vandenberghe, Jasper. (2011). “Repsol meets YPF”: displaying competence in cross-border M&A press releases. JOURNAL OF BUSINESS COMMUNICATION (1973), 48(4), 373–392.
Vancouver
1.
Vandenberghe J. “Repsol meets YPF”: displaying competence in cross-border M&A press releases. JOURNAL OF BUSINESS COMMUNICATION (1973). 2011;48(4):373–92.
MLA
Vandenberghe, Jasper. “‘Repsol Meets YPF’: Displaying Competence in Cross-border M&A Press Releases.” JOURNAL OF BUSINESS COMMUNICATION (1973) 48.4 (2011): 373–392. Print.