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. We 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.
https://hal-univ-lyon3.archives-ouvertes.fr/hal-01832301
Contributeur : Ulrike Mayrhofer <>
Soumis le : vendredi 6 juillet 2018 - 21:37:32 Dernière modification le : lundi 10 février 2020 - 12:17:18