Mergers & Acquisitions research: A bibliometric study of top strategy journals, 2000 - 2009 (original) (raw)
Related papers
2012
Mergers and acquisitions (M&As) are important modes through which firms carry out their domestic and international strategies. This bibliometric review examines the extant published research on M&As in top sixteen leading business journals notable for publishing strategic management and international business research, during a twenty one years period -from 1980 to 2010. The results of our bibliometric study on a sample of 334 articles on M&As permit us conclude that M&As scholars focus mostly on 'performance' and 'environmental modeling: governmental, social, and political influences on strategy' and that M&A research does not have a specific theoretical ground. We conclude by presenting a broad discussion, and pointing out limitations and avenues for future enquiry. ) binding theories to M&A-specific research, we used bibliometric techniques. We conclude that no single theory is dominant in the M&A research and we may indeed observe the contributions of four main theoretical strands: agency theory, institutional theory, transaction cost theory and the resource-based view.
Journal of Business Research, 2014
Mergers and acquisitions (M&As) are important modes through which firms carry out their domestic and international strategies. This bibliometric review examines the extant published research on M&As in top sixteen leading business journals notable for publishing strategic management and international business research, during a twenty one years period-from 1980 to 2010. The results of our bibliometric study on a sample of 334 articles on M&As permit us conclude that M&As scholars focus mostly on 'performance' and 'environmental modeling: governmental, social, and political influences on strategy' and that M&A research does not have a specific theoretical ground. We conclude by presenting a broad discussion, and pointing out limitations and avenues for future enquiry.
An Overview of Three Decades of Mergers and Acquisitions Research
Mergers and acquisitions (M&A) have long attracted managers’ attention and have been researched in different perspectives and using different theories. In this study we grasp the wealth of extant research in the field of M&As. We conducted a bibliometric study of 635 articles on strategic management and international business research published in 34 highly ranked management journals between 1983 and 2012. We performed citation, co-citation and factor analyses to uncover the issues examined by scholars, the main theoretical approaches and themes researched. The results show a relative shift from economic and financial approaches to knowledge-based and organizational learning perspectives in recent years. There was also an evolution from assessing the performance of firms after an M&A to seeking an understanding of what may drive synergy creation after the integration process. Furthermore we observed an increasing interest in cross-border M&As. We discuss our findings, identifying gaps and suggesting paths for future research.
The evolving role of mergers and acquisitions in competitive strategy research
This chapter intends to investigate the role of strategic mergers and acquisitions (hereinafter M&As), traditionally viewed as a corporate strategy option, in sustaining competitive strategy, offering a description of the whole acquisition process and discussing the main and conflicting results produced by the abundant empirical research on this topic. The established business literature considers M&As as a corporate strategy tool by which sustain and implement growth. Following Haspeslagh and Jemison (1991) we contend, however, that acquisitions can bring into a company capabilities it finds hard to develop internally and provide the opportunity to leverage the existing ones; under this regard, they contribute to gain or renew sustainable competitive advantages. Despite the huge number of empirical researches carried out so far, the evaluation of M&As performance for the acquiring firm is still an open issue. We adopt a process approach to M&A and suggest that acquisition performance is the outcomes of all sub-processes in which can ideally be split the whole acquisition process, each of which is alone necessary, although not sufficient, to grant overall acquisition success. Integration features are discussed in details, with a particular emphasis on acquisition performance metrics.
Three decades of strategic management research on M&As: Citations, co-citations, and topics
Global Economics and Management Review, 2016
Merger and acquisitions (M&As) strategies have been growingly deployed by firms for their domestic and international expansion, to redefine their business scope or take advantage of emerging opportunities. In this paper we conduct a bibliometric study of the extant strategy research on M&As, assessed by the articles published in the main journal for strategic management studies over the period 1984-2010. Results reveal the highest impact works (articles and books), the intellectual ties among authors and theories that form five main clusters of research, and the topics delved into. Performance effects, M&As as diversification strategies and RBV and capabilities-based topics have dominated the extant research. The study contributes to the extant knowledge on M&As by taking stock of the accumulated knowledge and research direction, complementing other literature reviews with a strategic management specific perspective. Thus, we provide a rear view of the field which facilitates detecting untapped gaps that may be munificent avenues for future research.
Three decades of strategic management research on M&As: Citations, co-citations, and topics
Global Economics and Management Review, 2016
Merger and acquisitions (M&As) strategies have been growingly deployed by firms for their domestic and international expansion, to redefine their business scope or take advantage of emerging opportunities. In this paper we conduct a bibliometric study of the extant strategy research on M&As, assessed by the articles published in the main journal for strategic management studies over the period 1984-2010. Results reveal the highest impact works (articles and books), the intellectual ties among authors and theories that form five main clusters of research, and the topics delved into. Performance effects, M&As as diversification strategies and RBV and capabilities-based topics have dominated the extant research. The study contributes to the extant knowledge on M&As by taking stock of the accumulated knowledge and research direction, complementing other literature reviews with a strategic management specific perspective. Thus, we provide a rear view of the field which facilitates detecting untapped gaps that may be munificent avenues for future research.
Taking Stock of What We Know About Mergers and Acquisitions: A Review and Research Agenda
Journal of Management, 2009
. Although this proliferation of research has the potential to significantly improve our understanding of M&A activity, absent is the necessary step of consolidating and integrating extant knowledge. Accordingly, this article develops a framework to organize and review recent empirical findings, principally from management, economics, and finance in which interest in acquisition behavior is high but also from other areas that have tangentially explored acquisition activity such as accounting and sociology. This article identifies patterns and theoretical gaps and provides recommendations for future research aimed at developing a more integrated M&A research agenda for management scientists.
30 YEARS OF MERGERS AND ACQUISITIONS RESEARCH: RECENT ADVANCES AND FUTURE OPPORTUNITIES
The complex phenomenon that mergers and acquisitions (M&As) represent has attracted substantial interest from a variety of management disciplines over the past 30 years. Three primary streams of enquiry can be identified within the strategic and behavioural literature which focus on the issues of strategic fit, organizational fit and the acquisition process itself.
A Systematic Literature Review on Mergers and Acquisitions: A Bibliometric Analysis Approach
International Journal of Financial Research
Many studies have examined the effects of mergers and acquisitions, but their results vary significantly. Thus, mergers and acquisitions are one of the most popular corporate restructuring activities undertaken by various organizations, institutes, companies (both private and public), agencies, and establishments, all in a quest to achieve the desired aim of the companies. But a pertinent question exists as to if mergers and acquisitions (M&A) have produced the desired goals and objectives of the companies. Therefore this study aims to examine the results, empirical preference, and author's opinions of existing literature as to if M&A had produced synergy gains or not. Bibliometric analysis is the methodological procedure used in this study. A total number of fifty (50) high-profile literatures were qualitatively examined, and it shows that M&A produced synergy gains to the level of 48%. From the analysis, M&A was also found not to produce synergy gain to the level of 28%, thus ...