Ioannis C. Thanos
Does changing contexts affect linkages throughout the mergers and acquisition process? A multiphasic investigation of motives, pre‐ and post‐acquisition and performance
Thanos, Ioannis C.; Papadakis, Vassilis M.; Angwin, Duncan
Authors
Vassilis M. Papadakis
Duncan Angwin
Abstract
Mergers and Acquisitions (M&A) is an important organizational change phenomena that has attracted significant research focus to many of its aspects but only recently has attention begun to investigate its complex multi-phasic nature and its embeddedness in multiple contexts. So far the influence of the macro context in M&A deals has been little studied and its interaction with M&A’s multiphasic nature has been ignored. This article aims to address this limitation by investigating whether different macro-economic wave and non-wave periods of M&A activity influence different phases of M&A in terms of motives, pre- and post-acquisition processes and acquisition performances. Drawing on a dataset of Greek M&As, an under researched M&A context, findings suggest that acquisitions in non-wave periods are driven by different motives from those in wave periods. Interestingly though, we found no statistically significant changes in pre- and post-acquisition processes and M&A performance between wave and non-wave periods. We suggest this organizational change finding maybe due to the early stage nature of Greek M&A and may also apply to other countries with similar levels of M&A experience. Further implications for theory and practice of these findings are discussed
Citation
Thanos, I. C., Papadakis, V. M., & Angwin, D. (2020). Does changing contexts affect linkages throughout the mergers and acquisition process? A multiphasic investigation of motives, pre‐ and post‐acquisition and performance. Strategic Change, 29(2), 149-164. https://doi.org/10.1002/jsc.2318
Journal Article Type | Article |
---|---|
Acceptance Date | Dec 10, 2019 |
Online Publication Date | Mar 4, 2020 |
Publication Date | Mar 4, 2020 |
Deposit Date | Mar 17, 2020 |
Publicly Available Date | Mar 5, 2022 |
Journal | Strategic Change |
Print ISSN | 1086-1718 |
Electronic ISSN | 1099-1697 |
Publisher | Wiley |
Peer Reviewed | Peer Reviewed |
Volume | 29 |
Issue | 2 |
Pages | 149-164 |
DOI | https://doi.org/10.1002/jsc.2318 |
Keywords | pre-M&A process, post-M&A process, integrative framework, M&A wave, M&A performance |
Public URL | https://nottingham-repository.worktribe.com/output/4160512 |
Publisher URL | https://onlinelibrary.wiley.com/doi/abs/10.1002/jsc.2318 |
Additional Information | Published: 2020-03-04 |
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