Theorizing in the qualitative study of mergers ampamp; acquisitions (original) (raw)
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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.
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.
Thirty 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. The recent achievements within each of these research streams are briefly reviewed. However, in parallel to these research advances, the failure rates of mergers and acquisitions have remained consistently high. Possible reasons for this dichotomy are discussed, which in turn highlight the significant opportunities that remain for future M&A research.
Mergers & Acquisitions research: A bibliometric study of top strategy journals, 2000 - 2009
2011
Mergers and acquisitions (M&As) are important modes through which firms undertake their domestic and international strategies. This bibliometric review examines the extant research on M&As in the top five strategic management journals during a ten years period ? from 2000 to 2009. The 90 articles identified in these top journals denote an eclectic theoretical focus with the prevalence of four theories ? resource-based view, transaction costs, agency theory and institutional theory. We present a brief analysis of the key issues in M&A research, as well as the samples and theories more commonly used. We conclude by presenting a broad discussion comprising the methods used, the research questions investigated, the type of articles, as well as limitations and avenues for future enquiry.
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.
Mergers and Acquisitions: A Conceptual Review
International Journal of Accounting and Financial Reporting, 2014
From the last few decades, maximum studies focused to understand the importance of going into the deal of Mergers & Acquisitions (M&A). The current study examined the motivation to recognize either the assumed benefits of the deal of Mergers and Acquisitions have posted increase or not. The current study calculated whether the deal is beneficial or harmful for the organizations who want to enter into the deal of M&A. The study scrutinizes the issues by using the perspective of history, waves, motives and methods to determine Merger and acquisition value. The study focuses on the current Literature available on M&A from the recent past to portray unlike the methods used to gauge performance of M&A. Although field of M&A research is far too broad and more complex to be covered in a review paper, therefore, the study attempts to start covering some historical and background issues such as History, waves in M&A, Methods of measuring deals and M&A motives.
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.
A Configurational Approach to Mergers and Acquisitions
Sustainability
The processes involved with mergers and acquisitions (M&As) are many, varied and complex. M&A research and practice needs a toolset that can apprehend that complexity and suggest ways forward. This paper shows the complexity of the constituents of organizations at a strategic level by building on the natural-resource-based view (NRBV) and the resulting competences and capabilities. In M&As, these resources and capabilities are managed through a variety of forms of acquisition integration comprised of sets of integration mechanisms. M&As occur in a range of strategic contexts and consequently many forms of integration are possible. Accordingly, there is a need for a mode of inquiry examining acquisition integration that can encompass a wide variety of forms, is holistic across a range of possible integration mechanisms and can provide insights. A configurational mode of inquiry can accommodate the complexity of the mechanisms, capabilities and resources, including natural resources, ...
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.