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Dokumenttyp:
Zeitschriftenaufsatz 
Autor(en):
Hutzschenreuter, Thomas; Kleindienst, Ingo; Schmitt, Michael 
Nicht-TUM Koautoren:
ja 
Kooperation:
Titel:
Path-related Empirical Research on M&A-Outcome: Review and Research Agenda 
Abstract:
This article attempts to reflect the current state and progress of contemporary research on financial and non-financial M&A outcome. Based on a review of 183 empirical M&A studies an integrative framework is developed, in which impact factors are classified into four major dimensions to explore the impact on M&A outcome: antecedents, transaction content characteristics, transaction process characteristics, and the transaction itself. The review reveals that M&A research is dominated by studies focusing on state variables at the expense of pathrelated variables. The review also shows that, to date, neither state-related research nor path-related research on financial and non-financial M&A outcome categories have reached maturity. Although there is still room for clarifying the impact of various state-related variables, the most valuable new insights are expected to emerge from researching path-related variables. Building on these insights, an extensive future research agenda is presented, which focuses on path-related research questions and methodological issues. 
Stichworte:
Empirical review; Mergers and acquisitions; Path dependency 
Intellectual Contribution:
Discipline-based Research 
Zeitschriftentitel:
Review of Managerial Science 
Journal gelistet in FT50 Ranking:
nein 
Jahr:
2011 
Band / Volume:
Heft / Issue:
Seitenangaben Beitrag:
375-405 
Verlag / Institution:
Springer Science + Business Media 
Publikationsdatum:
27.03.2011 
Key publication:
Nein 
Peer reviewed:
Ja 
International:
Ja 
Book review:
Nein 
commissioned:
not commissioned 
Professional Journal:
Nein 
Interdisziplinarität:
Nein 
Leitbild:
Ethics & Sustainability:
Nein