Reshaping M&amp;A research: Strategies and tactics for a new research agenda

Meglio, Olimpia

doi:10.1016/j.emj.2022.09.003

Cited by 8 publications

(4 citation statements)

References 106 publications

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Section: Discerning the Future Of Acquisition Researchmentioning

confidence: 99%

“…The cumulative effect of the book is going beyond traditional gap spotting to generate novel lines of inquiry (cf., Sandberg, 2013, 2014;Meglio, 2022;Wicker, 1985). As Wicker (1985) aptly describes, studying familiar problems over time results in cognitive problems that need to be addressed (Meglio, 2022). Beyond identified themes, future research will ideally employ three strategies to avoid stagnation: (1) rethinking key constructs or topics, (2) identifying relatively neglected or even novel areas of investigation, and (3) advancing novel theoretical lenses.…”

Section: Discerning the Future Of Acquisition Researchmentioning

confidence: 99%

“…Next, we summarize themes associated with the collected chapters. Finally, we challenge conventional wisdom to discern paths for future M&A research (Meglio, 2022).…”

Section: Introductionmentioning

confidence: 97%

See 2 more Smart Citations

Introduction: moving acquisition research forward

King,

Meglio

2024

A Research Agenda for Mergers and Acquisitions

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Section: Discerning the Future Of Acquisition Researchmentioning

confidence: 99%

Section: Discerning the Future Of Acquisition Researchmentioning

confidence: 99%

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Introduction: moving acquisition research forward

King,

Meglio

2024

A Research Agenda for Mergers and Acquisitions

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“…Another topic shown to be more and more relevant is advancing a stakeholder view of acquisitions to research M&A deal outcomes. Meglio (2022) argues that a shareholder-centric view has prevailed so far and that focusing more on M&A stakeholders as an alternative perspective could offer new insights. As the narrow definition of stakeholders defines them as "those groups without whose support the organizations would cease to exist" (Freeman, 1984, p. 31), this includes M&A professionals as well.…”

Section: Antecedents Of Negative Manda Deal Outcomesmentioning

confidence: 99%

Shaping M&A Deal Outcomes: From Failure to Enabling Better M&A Performance

Paumen

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The M&A literature is broad and fragmented. It studies M&A success and failure from various disciplinary perspectives and examines M&A deal outcomes at separate stages of the M&A process. Despite the increase in M&A activity, M&A failure rates continue to be high throughout recent years. This dissertation comprises four separate studies which shed light on this issue. Paper I is a literature review in which I systematically analyze studies on M&A failure. The findings reveal three blind spots of the current M&A literature which need to be addressed. These are a) the need for clarity on the definition and operationalization of M&A failure, b) the need for more integration among disciplines, and c) the need to adopt a more processual perspective on M&A phases instead of a within-phase analysis. The consequent three papers are empirical studies which contribute to filling the identified research gaps. Paper II is a quantitative study on target pricing which takes different types of bidders into account. I conclude that more research is needed to understand the outperformance of private equity funds. As this stream of literature is in a nascent stage, I call for more qualitative and explorative research on the topic. In a consequent qualitative study, I explain M&A deal outcomes with regard to the private equity bidder type. In this study, three characteristics (i.e., organizational set-up, private equity investors’ professional identities, and an integrative work approach) are identified which were brought together into a theoretical framework that explains how private equity professionals can enable better M&A performance. The findings further underline the effectiveness of specific incentivization approaches applied in private equity funds. In the fourth study, the research focus is on the firm’s organizational culture, M&A teams, and individual professionals. Three prevailing team roles (i.e., project manager, expert and executor) are identified which require a specific set of soft and hard skills that explain how M&A teams can enable M&A success in terms of deal execution and completion. Furthermore, evidence to how aspects of project timing, such as deadlines and simultaneous projects, shape the team members’ work is provided. Finally, the findings underline the importance of accumulating experience and learning effects on M&A deal outcomes, shaping both the M&A team culture and the team members’ skill sets.

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Editorial: Rechts- und wirtschaftswissenschaftliche Analyse von M&A-Transaktionen

Horsch,

Stumpf-Wollersheim

2024

Forum Mergers &Amp; Acquisitions 2023

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Reshaping M&A research: Strategies and tactics for a new research agenda

Cited by 8 publications

References 106 publications

Introduction: moving acquisition research forward

Introduction: moving acquisition research forward

Shaping M&A Deal Outcomes: From Failure to Enabling Better M&A Performance

Editorial: Rechts- und wirtschaftswissenschaftliche Analyse von M&A-Transaktionen

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