Meta-analyses of Post-acquisition Performance: Indications of Unidentified Moderators

Authors

David R. King, Marquette University
Dan R. Dalton, Indiana University - Bloomington
Catherine M. Daily, Indiana University - Bloomington
Jeffrey G. Covin, Indiana University - Bloomington

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

Accepted version. Strategic Management Journal, Vol. 25, No. 2, pp 187–200 (2004). DOI. © 2004 Wiley. Used with permission.

David R. King was affiliated with the U.S. Air Force at the time of publication.

Recommended Citation

King, David R.; Dalton, Dan R.; Daily, Catherine M.; and Covin, Jeffrey G., "Meta-analyses of Post-acquisition Performance: Indications of Unidentified Moderators" (2004). Management Faculty Research and Publications. 99.
https://epublications.marquette.edu/mgmt_fac/99