The Handbook of Mergers and Acquisitions
David Faulkner, Satu Teerikangas, and Richard J. Joseph
Abstract
Despite decades of practice and research, many mergers and acquisitions (M&A) findings remain contested and inconclusive. M&A scholars have voiced concern about this state of affairs, and have lamented the lack of integrative perspectives and theories on M&A. This book argues that the field is in need of ‘re-rooting’. The book stresses the need to reconcile the strategic, financial, and sociocultural aspects of M&A. To break the silo mentality through which scholars have traditionally approached the study of M&A, the book presents a three-dimensional model of M&A management, founded on the str ... More
Despite decades of practice and research, many mergers and acquisitions (M&A) findings remain contested and inconclusive. M&A scholars have voiced concern about this state of affairs, and have lamented the lack of integrative perspectives and theories on M&A. This book argues that the field is in need of ‘re-rooting’. The book stresses the need to reconcile the strategic, financial, and sociocultural aspects of M&A. To break the silo mentality through which scholars have traditionally approached the study of M&A, the book presents a three-dimensional model of M&A management, founded on the strategic, financial, and sociocultural dimensions of M&A. Throughout the book, eminent scholars and practitioners offer thought-provoking, state-of-the-art analyses of M&A as seen through strategic, financial, sociocultural, and sectorial lenses. Based on these findings, the book argues that the difficulty of making M&A transactions work stems from the multiplicity of drivers, disciplines, contexts, levels of analysis, and actors involved. The book concludes with a set of dynamic syntheses which portray M&A in terms of the changing characteristics and drivers of this activity since the end of the 19th century, the ways in which M&A transactions differ from one another, and a contextual phase-based framework of M&A execution. It concludes with an allusion to future trends in M&A, as well as pointers for future research.
Keywords:
mergers and acquisitions,
finance,
strategy,
management,
integration
Bibliographic Information
| Print publication date: 2012 |
Print ISBN-13: 9780199601462 |
| Published to Oxford Scholarship Online: September 2012 |
DOI:10.1093/acprof:oso/9780199601462.001.0001 |
Authors
Affiliations are at time of print publication.
David Faulkner, editor
Dean of Magna Carta College, Oxford
Satu Teerikangas, editor
Lecturer, University College London
Richard J. Joseph, editor
Provost, Hult International Business School, Boston
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