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Document type:
Zeitschriftenaufsatz
Author(s):
Hutzschenreuter, Thomas; Kleindienst, Ingo; Schmitt, Michael
Non-TUM Co-author(s):
ja
Cooperation:
-
Title:
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.
Keywords:
Empirical review; Mergers and acquisitions; Path dependency
Intellectual Contribution:
Discipline-based Research
Journal title:
Review of Managerial Science
Journal listet in FT50 ranking:
nein
Year:
2011
Journal volume:
6
Journal issue:
4
Pages contribution:
375-405
Fulltext / DOI:
doi:10.1007/s11846-011-0061-x
Publisher:
Springer Science + Business Media
Date of publication:
27.03.2011
Judgement review:
0
Key publication:
Nein
Peer reviewed:
Ja
International:
Ja
Book review:
Nein
Commissioned:
not commissioned
Professional Journal:
Nein
Interdisciplinarity:
Nein
Mission statement:
;
Ethics and Sustainability:
Nein
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