The acquisition performance game

A stakeholder approach

Authored by: Olimpia Meglio

The Routledge Companion to Mergers and Acquisitions

Print publication date:  July  2015
Online publication date:  June  2015

Print ISBN: 9780415704663
eBook ISBN: 9780203761885
Adobe ISBN: 9781134497652

10.4324/9780203761885.ch10

 Download Chapter

 

Abstract

Measuring performance is a central issue for management scholars seeking to gauge the effectiveness of managerial decisions (March and Sutton 1997). Merger and acquisition (henceforth, acquisition) scholars have similarly produced a vast amount of empirical work endeavoring to assess the impact of acquisitions on the acquiring firm performance (e.g. Capron 1999; Cording et al. 2008; Fowler and Schmidt 1988). Decades of organizational performance research have yielded a notable lack of consensus about variables, indicators, and metrics (Carton and Hofer 2006; Daily 1994; Venkatraman and Ramanujam 1987). Interpretations of performance have ranged from relatively narrow, focusing on financial aspects as typically deployed by strategic management scholars, to relatively broad, encompassing effectiveness measures as typically employed by organizational scholars. Similarly the study of acquisition performance has resulted in many assessment instruments, including both financial (operational, accounting, and shareholder value) and non-financial (innovation, reputation, and market share) measures as documented in several reviews (e.g., Cording et al. 2010; Meglio and Risberg 2011; Zollo and Meier 2008).

 Cite
Search for more...
Back to top

Use of cookies on this website

We are using cookies to provide statistics that help us give you the best experience of our site. You can find out more in our Privacy Policy. By continuing to use the site you are agreeing to our use of cookies.