Document Type

Article

Language

eng

Format of Original

14 p.

Publication Date

2004

Publisher

Wiley

Source Publication

Strategic Management Journal

Source ISSN

0143-2095

Abstract

Empirical research has not consistently identified antecedents for predicting post-acquisition performance. We employ meta-analytic techniques to empirically assess the impact of the most commonly researched antecedent variables on post-acquisition performance. We find robust results indicating that, on average and across the most commonly studied variables, acquiring firms’ performance does not positively change as a function of their acquisition activity, and is negatively affected to a modest extent. More importantly, our results indicate that unidentified variables may explain significant variance in post-acquisition performance, suggesting the need for additional theory development and changes to M&A research methods.

Comments

Strategic Management Journal, Volume 25, No. 2, pp 187–200 (2004). DOI.

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Business Commons

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