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A Research Agenda for Mergers and Acquisitions
This Research Agenda poses unique questions and perspectives on how to generate impactful research on mergers and acquisitions. Bringing together a mix of established and emerging scholars, it outlines how future research in the field can enable managers to make better decisions and improve mergers and acquisition success.
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Critical Acclaim
Contributors
Contents
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Elgar Research Agendas outline the future of research in a given area. Leading scholars are given the space to explore their subject in provocative ways, and map out the potential directions of travel. They are relevant but also visionary.
This Research Agenda poses unique questions and perspectives on how to generate impactful research on mergers and acquisitions. Bringing together a mix of established and emerging scholars, it outlines how future research in the field can enable managers to make better decisions and improve mergers and acquisition success.
Focusing on new areas of investigation, the Research Agenda provides conceptual, quantitative and qualitative insights into: pre-merger uncertainty, executive decision-making, network relationships and actors, and project management. It highlights the complex and heterogeneous nature of acquisitions, and the many actors impacted by them. Contributing authors present key strategies to avoid stagnation in mergers and acquisitions research by rethinking constructs, identifying neglected and novel areas of investigation, and developing new theoretical perspectives. For example, it argues for a deeper understanding of acquisitions beyond their impacts on the financial performance of firms to consider additional outcomes.
A Research Agenda for Mergers and Acquisitions is an important resource for academics and doctoral students in accounting, economics, finance and management. It is also a useful guide for corporate restructuring consultants seeking further insight into the field.
This Research Agenda poses unique questions and perspectives on how to generate impactful research on mergers and acquisitions. Bringing together a mix of established and emerging scholars, it outlines how future research in the field can enable managers to make better decisions and improve mergers and acquisition success.
Focusing on new areas of investigation, the Research Agenda provides conceptual, quantitative and qualitative insights into: pre-merger uncertainty, executive decision-making, network relationships and actors, and project management. It highlights the complex and heterogeneous nature of acquisitions, and the many actors impacted by them. Contributing authors present key strategies to avoid stagnation in mergers and acquisitions research by rethinking constructs, identifying neglected and novel areas of investigation, and developing new theoretical perspectives. For example, it argues for a deeper understanding of acquisitions beyond their impacts on the financial performance of firms to consider additional outcomes.
A Research Agenda for Mergers and Acquisitions is an important resource for academics and doctoral students in accounting, economics, finance and management. It is also a useful guide for corporate restructuring consultants seeking further insight into the field.
Critical Acclaim
‘Despite decades of research into Mergers and Acquisitions, the phenomena remains illusive and poorly understood. This refreshing new book, edited by King and Meglio, provides new perspectives on traditional topics as well as stimulating insights into nascent areas. It exposes the importance of viewing M&A as a multi-faceted phenomena and this is to be welcomed by academics and practitioners alike.’
– Duncan Angwin, University College London, UK
‘Given antitrust concerns in the US and EU, mergers and acquisitions are again front and center in the discussion about competition, innovation, and societal welfare. Leading M&A scholars King and Meglio edited this volume to provide a fresh look at the most important research M&A research issues. Scholars and practitioners interested in getting up to speed in this important area should read this book.’
– Frank T. Rothaermel, Georgia Institute of Technology, US
– Duncan Angwin, University College London, UK
‘Given antitrust concerns in the US and EU, mergers and acquisitions are again front and center in the discussion about competition, innovation, and societal welfare. Leading M&A scholars King and Meglio edited this volume to provide a fresh look at the most important research M&A research issues. Scholars and practitioners interested in getting up to speed in this important area should read this book.’
– Frank T. Rothaermel, Georgia Institute of Technology, US
Contributors
Contributors include: Florian Bauer, Kyeong-Seop Choi, Paige Costanzo, Mai Anh Dao, Joana Geraldi, Svetlana N. Khapova, David R. King, Christine Kirkland, David Kroon, Olimpia Meglio, Nicola Mirc, Gonzalo Molina-Sieiro, Thi Nguyen, Christina Öberg, Timo Paumen, Audrey Rouziès, Mehdi Samimi, David Santana, Svante Schriber, Satu Teerikangas
Contents
Contents:
Preface xi
List of contributors xiii
Acknowledgements xvii
Introduction: moving acquisition research forward 1
David R. King and Olimpia Meglio
1 Heuristics in pre-merger processes 19
David Santana, Thi Nguyen, Nicola Mirc and Audrey Rouziès
2 Target screening: a key strategic success factor
for acquisitions 43
Florian Bauer and Mai Anh Dao
3 Top executives and acquisitions 67
Gonzalo Molina-Sieiro and Mehdi Samimi
4 The impact of analysts on acquirer stock price volatility 89
Kyeong-Seop Choi
5 Social media and firm performance: a review 107
Paige Costanzo and Christine Kirkland
6 The importance of network studies on mergers
and acquisitions 125
Christina Öberg
7 Reimagining M&A integration: a project-based
view on M&As 145
Joana Geraldi and Satu Teerikangas
8 Blending causation and effectuation in
acquisitions: a research agenda 161
Olimpia Meglio
9 M&A failure: an interdisciplinary, systematic review 179
Timo Paumen, David Kroon and Svetlana N. Khapova
10 An ecosystem perspective of acquisition
outcomes: a research agenda 201
Svante Schriber and Olimpia Meglio
Preface xi
List of contributors xiii
Acknowledgements xvii
Introduction: moving acquisition research forward 1
David R. King and Olimpia Meglio
1 Heuristics in pre-merger processes 19
David Santana, Thi Nguyen, Nicola Mirc and Audrey Rouziès
2 Target screening: a key strategic success factor
for acquisitions 43
Florian Bauer and Mai Anh Dao
3 Top executives and acquisitions 67
Gonzalo Molina-Sieiro and Mehdi Samimi
4 The impact of analysts on acquirer stock price volatility 89
Kyeong-Seop Choi
5 Social media and firm performance: a review 107
Paige Costanzo and Christine Kirkland
6 The importance of network studies on mergers
and acquisitions 125
Christina Öberg
7 Reimagining M&A integration: a project-based
view on M&As 145
Joana Geraldi and Satu Teerikangas
8 Blending causation and effectuation in
acquisitions: a research agenda 161
Olimpia Meglio
9 M&A failure: an interdisciplinary, systematic review 179
Timo Paumen, David Kroon and Svetlana N. Khapova
10 An ecosystem perspective of acquisition
outcomes: a research agenda 201
Svante Schriber and Olimpia Meglio
