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Elgar Encyclopedia of Mergers and Acquisitions [Kõva köide]

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This Encyclopedia provides a strategic perspective on mergers and acquisitions to review and analyse current knowledge, give fresh insights and inspire dialogue. It examines a wide range of foundational, emerging and new topics, addresses core issues in mergers and acquisitions and offers solutions to fundamental questions.

This Encyclopedia provides a strategic perspective on mergers and acquisitions to review and analyse current knowledge, give fresh insights and inspire dialogue. It examines a wide range of foundational, emerging and new topics, addresses core issues in mergers and acquisitions and offers solutions to fundamental questions.


Key Features:

  • Includes more than 160 entries
  • Contributions from over 70 expert authors specialising in a variety of disciplines
  • Explores key topics such as ‘AI integration’, ‘buy and build strategies in private equity’, ‘communications pre- and post-deal’, ‘employee retention and turnover’, ‘geopolitics and synergy’, ‘mergers and acquisitions strategies’, ‘performance outcomes’


The Elgar Encyclopedia of Mergers and Acquisitions is a crucial reference for students, researchers and scholars of business, management, economics and finance. Practising managers, advisors and mergers and acquisitions teams will greatly benefit from its insights on strategy, organisational behaviour and international business.

Arvustused

With its 164 topic entries this unique Encyclopedia provides an extensive overview of the many dimensions that are at play in mergers and acquisitions, covering dealmaking, strategy, integration, performance and much more. Each succinct entry both summarises the specific topic and provides the reader who wants to delve deeper with relevant references. Extremely handy for both M&A scholars and practitioners. -- Philippe Haspeslagh, Honorary Dean Vlerick Business School, former Paul Desmarais Chaired Professor of Active Ownership at INSEAD A long-awaited book! It brings together all the M&A experts who explain everything you want to know about M&A (but never dared to ask). -- Philippe Very, EDHEC Business School, Nice, France and University of Denver, Colorado, USA The German M&A Association strongly endorses the M&A Encyclopedia. The editors have assembled a whos who of M&A scholars and practitioners to create this definitive guide to the field. The Encyclopedia is impressive in its breadth, spanning jurisdictions, sectors, and deal types, as well as in its depth, which is built on rigorous analysis and real-world experience. It is an indispensable tool for anyone navigating today's complex transactions. We congratulate the editors on producing a resource that will advance the M&A industry. -- Jan Pörschmann, Chairman of the German M&A Association Grant Thornton is pleased to endorse the M&A Encyclopedia. In an era where cross-border complexity and stakeholder expectations are reshaping transactions, this volume stands out for its clarity, rigor, and practical utility. By convening the leading figures in M&A academia and distilling global best practice, it provides practitioners with actionable insights across the full deal lifecycle - from strategy and valuation to integration and governance. We congratulate the editors on a definitive contribution to the field. -- Alexander Griesmeier, Partner, Grant Thornton

Contents
Introduction xxi
Duncan N. Angwin, David R. King and Florian Bauer
1 Absorption integration strategy 1
Duncan N. Angwin
2 Accounting for deals 4
David R. King
3 Accounting performance 6
David R. King
4 Acculturation 8
Riikka M. Sarala and Benjamin Kempton
5 Acquisition 10
Duncan N. Angwin
6 Acquisition climate 13
Emanuel Gomes
7 Acquisition experience 16
Svante Schriber
8 Acquisition impact on targets technology assets and
ecosystems 18
Panos Desyllas
9 Acquisition performance 21
David R. King
10 Acquisition premium 23
Di Bian
11 Advisory services 28
Jan Pörschmann
12 AI integration into the acquisition process 30
Panos Desyllas
13 Alliances and acquisitions 34
Randi Lunnan, Linda Rademaker, Binh Minh and
Thi Truong
14 Australian M&A 37
Arpit Raswant
15 Behavioural perspectives on M&A evaluation 40
Panos Desyllas
16 Boundaries 43
Duncan N. Angwin
17 Boundary spanning 47
Audrey Rouzies and Thi Nguyen
18 Brazilian M&A 49
Henrique M. Barros
19 Buy and build strategy in private equity 52
Kevin Amess and Michele Lertora
20 Carve-out 56
Alex Griesmeier
21 CEO celebrity and premiums 58
Russell Fralich and Andrew Papadopoulos
22 Chinese outbound M&A 60
Ping Deng
23 City mergers 62
Janne Tienari
24 Cognitive biases 64
David Kroon
25 Communications pre-deal 67
Tobias Anslinger and Thomas Katzensteiner
26 Communications post-deal 70
Tobias Anslinger and Peter Steiner
27 Competitive retaliation 73
Svante Schriber
28 Connectivity 75
Duncan N. Angwin
29 Customer management 77
Carlo Mari
30 Corporate brand management 79
Florian Bauer
31 Corporate governance
spillovers in international M&A 81
Luc Renneboog and Yang Zhao
32 Courtship period 83
Emanuel Gomes
33 Critical success factors 85
Emanuel Gomes
34 Cross-border M&A 88
Melanie E. Hassett
35 Cultural change 90
Satu Teerikangas
36 Cultural differences 92
Satu Teerikangas
37 Cultural distance 94
Muriel Durand
38 Cultural friction 98
Muriel Durand
39 Cultural learning 102
Benjamin Kempton and Riikka M. Sarala
40 Culture performance 104
Satu Teerikangas
41 Darker side of knowledge transfer 107
Bruce T. Lamont and Janice M. Gordon
42 Debt 109
Sina Amiri
43 Defence strategies 112
Duncan N. Angwin
44 Director networks and takeover activity 115
Luc Renneboog
45 Dis-synergy 116
Oleksandra Kochura
46 Divestiture motivations 118
Andrew Papadopoulos and Russell Fralich
47 Divestiture of prior acquisitions 121
Qing Ma
48 Divestiture techniques 123
Andrew Papadopoulos and Russell Fralich
49 Due diligence 126
Duncan N. Angwin
50 Emerging market M&A 129
Ping Deng
51 Emotions in M&A 131
Melanie E. Hassett
52 Employee reactions during M&A 134
Inger Stensaker and Helene Loe Colman
53 Employee retention 137
Bruce Lamont and David R. King
54 Employee turnover 139
Bruce Lamont and David R. King
55 Ethnography in M&A research 141
Noelia Sarah Reynolds
56 Exploitation 143
Andreas Strobl
57 Exploration 146
Andreas Strobl
58 Failure external causes 149
Duncan N. Angwin
59 Failure pre-deal causes 152
Duncan N. Angwin
60 Failure process causes 155
Duncan N. Angwin
61 Failure post-acquisition causes 157
Duncan N. Angwin
62 Fairness during integration 159
Norbert Steigenberger
63 Family business M&A 161
Olimpia Meglio
64 Financial advisors 163
David Santana-Corchuelo
65 Financial motives 166
Kris Irwin
66 Financing of takeovers 169
Luc Renneboog and Yang Zhao
67 Geopolitics 171
Hinrich Voss
68 Grand challenges 173
Hinrich Voss
69 Greatest M&A failures 176
Duncan N. Angwin
70 Greatest M&A successes 179
Duncan N. Angwin
71 High-technology acquisitions 183
Panos Desyllas
72 Holding integration strategy 186
Duncan N. Angwin
73 Horizontal M&A 188
Sina Amiri
74 Hostile takeovers 191
Duncan N. Angwin
75 Hubris 193
Duncan N. Angwin
76 Human resource integration 195
Anjali Bansal
77 Indian M&A 198
Anjali Bansal
78 Industry relatedness 202
Oleksandra Kochura
79 Innovation 205
Andreas Strobl
80 Integration capacity 208
Bruce Lamont and David R. King
81 Integration challenges 210
Norbert Steigenberger
82 Integration context 212
Norbert Steigenberger
83 Integration costs 215
Norbert Steigenberger
84 Integration flexibility 217
Svante Schriber
85 Integration manager 219
Satu Teerikangas
86 Integration performance 221
Satu Teerikangas
87 Integration team composition 224
Norbert Steigenberger
88 Intellectual property assets 226
Panos Desyllas
89 Intellectual property protection 228
Panos Desyllas
90 Knowledge acquisition 230
Panos Desyllas
91 Knowledge fit 233
Benjamin Kempton and Riikka M. Sarala
92 Knowledge management 235
Benjamin Kempton and Riikka M. Sarala
93 Knowledge transfer 237
Benjamin Kempton and Riikka M. Sarala
94 LBOs in the MENA region 239
Faten Moussa
95 Leadership 242
Andreas Strobl
96 Leveraged buyout 245
Kevin Amess and John Gilligan
97 Longitudinal research in M&A 251
Melanie E. Hassett
98 M&A and the COVID pandemic 254
Florian Bauer
99 M&A as ecosystem 256
Svante Schriber and Olimpia Meglio
100 M&A boutiques 259
David Santana-Corchuelo
101 Managerial assessment of performance 261
David R. King
102 M&A in 3D printing 263
Jennifer Johns and Roman Barwinski
103 Merger waves 266
Duncan N. Angwin
104 Mergers in higher education 271
Mehdi Safavi
105 Metaphor and metonymy 274
Sally Riad
106 Middle managers 279
Gustavo Birollo
107 Multidextrous integration 282
Robert Demir
108 Multidextrous M&A 288
Robert Demir
109 Negotiation strategy 292
Duncan N. Angwin
110 Networks in M&A 295
Nicola Mirc
111 Non-value maximizing motives 298
Kris Irwin
112 Organizational autonomy 301
Jean-Luc Arrègle and Brice Dattée
113 Organisational change 303
Melanie E. Hassett
114 Organizational identity 305
Janne Tienari
115 Origins of M&A 307
Duncan N. Angwin
116 Ownership similarity for target
selection 309
Emanuele Bettinazzi
117 Payment methods 312
Sina Amiri
118 Pharma M&A 315
Klaus Ort
119 Post-acquisition integration 318
Nour Ghaddar and Nicola Mirc
120 Power in post-merger integration 321
Janne Tienari and Eero Vaara
121 Preservation integration strategy 323
Duncan N. Angwin
122 Private equity 326
Kevin Amess and John Gilligan
123 Private equity in the MENA region 329
Faten Moussa
124 Private equity viability in the
MENA region 332
Faten Moussa
125 Project management 338
Satu Teerikangas and Gustavo Birollo
126 Psychic distance 340
Muriel Durand
127 Purpose-driven M&A 344
Harin Lee
128 Real options for international M&A 347
Mohammad Faisal Ahammad
129 Relatedness performance 349
Joseph A. Clougherty
130 Reorientation integration strategy 351
Duncan N. Angwin
131 Resilience as a driver for M&A 353
João Baptista
132 Resilience in integration 356
Svante Schriber
133 Resistance 359
Thi Nguyen and Audrey Rouzies
134 Seller preparation for postmerger integration 361
Robert Demir
135 Sensemaking in M&A 364
Noelia Sarah Reynolds
136 Sentiment analysis 365
Maureen Meadows
137 Socio-cultural integration 367
Melanie E. Hassett
138 Speed in M&A 370
Florian Bauer
139 Stakeholder orientation for post-acquisition integration 372
Emanuele Bettinazzi
140 Stock market performance 375
David R. King
141 Strategic entrepreneurship 377
Svante Schriber
142 Strategic motives 380
Duncan N. Angwin
143 Strategy as practice perspective
on M&A 383
Duncan N. Angwin
144 Sustainability agency 387
Noelia Sarah Reynolds
145 Symbiosis integration strategy 389
Duncan N. Angwin
146 Synergy 391
Martin Friesl
147 Synergy realization 393
Nicola Mirc and Nour Ghaddar
148 Target screening 396
Mai Anh Dao and Florian Bauer
149 Target size 398
Sina Amiri
150 Taxation 401
Jane Frecknall-Hughes
151 Technology M&A 403
Svante Schriber
152 Theories of M&A occurrence 405
Duncan N. Angwin
153 Theorizing M&A 408
Helene L. Colman and Satu Teerikangas
154 Time and timing 410
Mark Thomas
155 Tobins Q and performance 413
David R. King
156 Transaction cost economics in cross border M&A 414
Mohammad Faisal Ahammad
157 Transitional service agreement 416
Alexander Griesmeier
158 Typologies in M&A 418
Duncan N. Angwin
159 Umbrella constructs 422
Olimpia Meglio
160 Valuation 424
Alexander Budzinski
161 Value and its variety 427
Sally Riad
162 Vertical M&A 430
Sina Amiri
163 Vision in M&A 433
Maureen Meadows
164 Withdrawn M&A 435
Duncan N. Angwin
Edited by Duncan N. Angwin, University College London (UCL), UK, David R. King, Florida State University, USA and Florian Bauer, University of Bristol, UK