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.