Merger & acquisition motives and outcome assessment

Abstract : Research on M&A outcome often focuses on tangible financial results and the reaction of stock markets. This research attempts to provide a more accurate assessment of M&A performance by linking tangible as well as intangible M&A motives to outcome assessment. The theoretical framework is based on evaluation theory. The authors analyze four case-studies of international M&As conducted by European companies. The findings indicate that M&A outcome can be more accurately measured by aligning it with the motives defined by the acquiring firms. They suggest that M&A outcome assessment should be considered as a process covering both pre-merger and post-merger stages. This study makes a theoretical contribution and augments evaluation theory by connecting M&A motives and M&A performance assessment and treat it as a process evaluation.
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Conference papers
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https://hal-univ-lyon3.archives-ouvertes.fr/hal-01515651
Contributor : Ulrike Mayrhofer <>
Submitted on : Thursday, April 27, 2017 - 7:30:11 PM
Last modification on : Wednesday, January 23, 2019 - 7:48:11 PM

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  • HAL Id : hal-01515651, version 1

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Ibne Hassan, Pervez Ghauri, Ulrike Mayrhofer. Merger & acquisition motives and outcome assessment. 42nd EIBA (European International Business Academy) Conference, Dec 2016, Vienna, Austria. ⟨hal-01515651⟩

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