Meglio / Schriber Mergers and Acquisitions

Rethinking Key Umbrella Constructs
1. Auflage 2020
ISBN: 978-3-030-40459-8
Verlag: Springer International Publishing
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 203 Seiten

Reihe: Progress in Mathematics

This book provides scholars and practitioners in mergers and acquisitions (M&As) with a solid foundation for further research. M&As continue to shape the economic landscape across the globe. While there is already a huge body of scholarly work on the subject, findings appear contradictory and academics and practitioners often struggle to understand what factors make M&As successful.

Due to the lack of an agreed-upon definition, research findings appear contradictory, while in fact they are often simply not comparable. To address this, the book rethinks how we measure key umbrella constructs. It specifically focuses on the conceptualization phase of the measurement process, often taken for granted in the current research.

Autoren/Hrsg.

Meglio, Olimpia

Schriber, Svante

Inhaltsverzeichnis

1; Foreword;6
2; Preface;12
3; Acknowledgements;20
4; Contents;22
5; About the Authors;24
6; List of Tables;26
7;PartI Construct Measurement: The Case for Umbrella Constructs;27
8;1 Construct Measurement in Strategic Management: Key Issues and Debate;28
8.1;1.1 Introduction;28
8.2;1.2 Constructs and Construct Measurement;29
8.2.1;1.2.1 Construct Measurement;29
8.2.2;1.2.2 Openness Versus Precision in Defining Constructs;30
8.2.3;1.2.3 Pursuing Construct Clarity;33
8.2.4;1.2.4 Validity in Construct Measurement;36
8.3;1.3 Construct Measurement Practices in the Strategic Management Domain;37
8.4;1.4 Concluding Remarks;45
8.5;References;47
9;2 Umbrella Constructs: An Overarching Framework;52
9.1;2.1 Introduction;52
9.2;2.2 Understanding Umbrella Constructs;53
9.2.1;2.2.1 Defining Umbrella Constructs;53
9.2.2;2.2.2 The Development of Umbrella Constructs;55
9.2.3;2.2.3 The Life Cycle of Umbrella Constructs;57
9.3;2.3 Umbrella Constructs in the Management Field;58
9.3.1;2.3.1 Opposing Views on Umbrella Constructs;58
9.3.2;2.3.2 Handling Multiple Meanings in Umbrella Constructs;61
9.4;2.4 A Contextual View on Umbrella Constructs Within and Across Domains;65
9.4.1;2.4.1 Processes Between the Stages;69
9.5;2.5 Concluding Remarks;75
9.6;References;76
10;PartII Umbrella Constructs in the M&A Field;82
11;3 The Notion of Process in Merger and Acquisition Research;83
11.1;3.1 Introduction;83
11.2;3.2 The Adoption of a Process Perspective to Mergers and Acquisitions;85
11.2.1;3.2.1 Trajectories in the Evolution of the Notion of (Acquisition) Process;88
11.3;3.3 Conceptual Issues in Embracing a Process Perspective;93
11.4;3.4 Methodological Issues in Embracing a Process Perspective;97
11.5;3.5 Managerial Implications in Embracing a Process Perspective;100
11.6;3.6 Concluding Remarks;101
11.7;References;102
12;4 The Notion of Fit in Merger and Acquisition Research;109
12.1;4.1 The Notion of Fit;109
12.2;4.2 Varieties of Fit;110
12.3;4.3 Strategic Fit and Relatedness;112
12.3.1;4.3.1 What Is Strategic About Strategic Fit?;113
12.3.2;4.3.2 Conceptualizations and Measures of Strategic Fit and Relatedness;113
12.3.3;4.3.3 Strategic Fit: A Pendulum Between Similarities and Differences;116
12.3.4;4.3.4 Strategic Fit or Just Fit?;118
12.4;4.4 Organizational and Cultural Fit;119
12.4.1;4.4.1 A Dynamic Perspective on Culture in M&A;124
12.5;4.5 Discussion;125
12.5.1;4.5.1 Different Meanings Regarding the Conceptualization of Fit;126
12.5.2;4.5.2 Different Meanings Regarding the Measurement of Fit;129
12.6;4.6 Conclusion;131
12.7;References;132
13;5 The Notion of Integration in Merger and Acquisition Research;139
13.1;5.1 Introduction;139
13.2;5.2 Understanding Integration;140
13.2.1;5.2.1 Notions of Integration;140
13.2.2;5.2.2 Evolutionary Trajectories of Integration;142
13.3;5.3 Evolutionary Trajectories of Integration: A Closer Look;145
13.3.1;5.3.1 Integration as Decision-Making Process;145
13.3.2;5.3.2 Layers of Integration;146
13.3.3;5.3.3 Integration Solutions;147
13.3.4;5.3.4 Integration Routines and Capabilities;149
13.3.5;5.3.5 Integration Actors;150
13.3.6;5.3.6 Integration: One Out of Several Change Processes;151
13.4;5.4 Issues in Integration: Implications for Research and Practice;153
13.4.1;5.4.1 Implications for Research;153
13.4.2;5.4.2 Managerial Implications;155
13.5;5.5 Concluding Remarks;157
13.6;References;157
14;6 The Notion of Performance in Merger and Acquisition Research;164
14.1;6.1 Performance—Introduction;164
14.2;6.2 Performance: Different Roles in M&A Research;165
14.3;6.3 Performance Measures in M&A Research;168
14.3.1;6.3.1 Financial Variables;169
14.3.2;6.3.2 Accounting Variables;174
14.3.3;6.3.3 Perceptual Measures;177
14.3.4;6.3.4 Investment Duration;180
14.3.5;6.3.5 Operational Variables;180
14.4;6.4 Discussion;181
14.4.1;6.4.1 Toward Increased Clarity;182
14.4.2;6.4.2 Toward a Pluralism of Measures;183
14.5;6.5 Conclusion;186
14.6;References;187
15;PartIII Moving Forward;193
16;7 Umbrella Constructs and the Progress of the Merger and Acquisition Field;194
16.1;7.1 Introduction;194
16.2;7.2 Key Findings: An Overview;196
16.3;7.3 Additional Umbrella Constructs in the M&A Field;201
16.4;7.4 Umbrella Constructs in the M&A Field: Threat or Opportunity?;204
16.5;7.5 Pursuing Construct Clarity;206
16.6;7.6 The Way Ahead: Reaping Benefits from Umbrella Constructs;208
16.7;References;210
17;8 Epilogue;213
17.1;References;217
18; Index;219