Elgar Encyclopedia of Mergers and Acquisitions

Edited by Duncan N. Angwin, University College London (UCL), UK, David R. King, Higdon Professor of Management, Herbert Wertheim College of Business, Florida State University, USA and Florian Bauer, University of Bristol, UK

• ContentsIntroduction xxiDuncan N. Angwin, David R.King and Florian Bauer1 Absorption integration strategy 1Duncan N. Angwin2 Accounting for deals 4David R. King3 Accounting performance 6David R. King4 Acculturation 8Riikka M. Sarala andBenjamin Kempton5 Acquisition 10Duncan N. Angwin6 Acquisition climate 13Emanuel Gomes7 Acquisition experience 16Svante Schriber8 Acquisition impact ontargets’ technology assets andecosystems 18Panos Desyllas9 Acquisition performance 21David R. King10 Acquisition premium 23Di Bian11 Advisory services 28Jan Pörschmann12 AI integration into theacquisition process 30Panos Desyllas and Si Li13 Alliances and acquisitions 34Randi Lunnan, LindaRademaker and Minh BinhThi Truong14 Australian M&A 37Arpit Raswant15 Behavioural perspectives onM&A evaluation 40Panos Desyllas16 Boundaries 43Duncan N. Angwin17 Boundary spanning 47Audrey Rouzies and Thi Nguyen18 Brazilian M&A 49Henrique M. Barros19 Buy and build strategy inprivate equity 53Kevin Amess and Michele Lertora20 Carve-out 57Alex Griesmeier21 CEO celebrity and premiums 59Russell Fralich and AndrewPapadopoulos22 Chinese outbound M&A 61Ping Deng23 City mergers 63Janne Tienari24 Cognitive biases 65David Kroon25 Communications pre-deal 68Tobias Anslinger and ThomasKatzensteiner26 Communications post-deal 71Tobias Anslinger and Peter Steiner27 Competitive retaliation 75Svante Schriber28 Connectivity 77Duncan N. Angwin29 Customer management 79Carlo Mari30 Corporate brand management 81Florian Bauer31 Corporate governancespillovers in international M&A 83Luc Renneboog and Yang Zhao32 Corporate social responsibility(CSR) through M&A 85Olimpia Meglio33 Courtship period 87Emanuel Gomes34 Critical success factors 89Emanuel Gomes35 Cross-border M&A 92Melanie E. Hassett36 Cultural change 94Satu Teerikangas37 Cultural differences 97Satu Teerikangas38 Cultural distance 100Muriel Durand39 Cultural friction 104Muriel Durand40 Cultural learning 108Benjamin Kempton andRiikka M. Sarala41 Culture performance 110Satu Teerikangas42 Darker side of knowledgetransfer 113Bruce T. Lamont and JaniceM. Gordon43 Debt 115Sina Amiri44 Defence strategies 118Duncan N. Angwin45 Director networks and takeoveractivity 121Luc Renneboog46 Dis-synergy 123Oleksandra Kochura47 Divestiture motivations 125Andrew Papadopoulos and Russell Fralich48 Divestiture of prior acquisitions 128Qing Ma49 Divestiture techniques 130Andrew Papadopoulos and Russell Fralich50 Due diligence 133Duncan N. Angwin51 Emerging market M&A 136Ping Deng52 Emotions in M&A 138Melanie E. Hassett53 Employee reactions during M&A 141Inger Stensaker and HeleneLoe Colman54 Employee retention 144Bruce Lamont and David R. King55 Employee turnover 146Bruce Lamont and David R. King56 Ethnography in M&A research 148Noelia Sarah Reynolds57 Exploitation 150Andreas Strobl58 Exploration 153Andreas Strobl59 Failure – external causes 156Duncan N. Angwin60 Failure – pre-deal causes 159Duncan N. Angwin61 Failure – process causes 162Duncan N. Angwin62 Failure – post-acquisitioncauses 164Duncan N. Angwin63 Fairness during integration 166Norbert Steigenberger64 Family business M&A 168Olimpia Meglio65 Financial advisors 170David Santana-Corchuelo66 Financial motives 173Kris Irwin67 Financing of takeovers 176Luc Renneboog and Yang Zhao68 Geopolitics 178Hinrich Voss69 Grand challenges 180Hinrich Voss70 Greatest M&A failures 183Duncan N. Angwin71 Greatest M&A successes 186Duncan N. Angwin72 High-technology acquisitions 190Panos Desyllas73 Holding integration strategy 194Duncan N. Angwin74 Horizontal M&A 196Sina Amiri75 Hostile takeovers 199Duncan N. Angwin76 Hubris 201Duncan N. Angwin77 Human resource integration 203Anjali Bansal78 Indian M&A 206Anjali Bansal79 Industry life cycle andacquisition integration 210Florian Bauer80 Industry relatedness 212Oleksandra Kochura81 Innovation 215Andreas Strobl82 Integration capacity 218Bruce Lamont and David R. King83 Integration challenges 220Norbert Steigenberger84 Integration context 222Norbert Steigenberger85 Integration costs 225Norbert Steigenberger86 Integration flexibility 227Svante Schriber87 Integration manager 229Satu Teerikangas88 Integration performance 231Satu Teerikangas89 Integration team composition 234Norbert Steigenberger90 Intellectual property assets 236Panos Desyllas91 Intellectual property protection 238Panos Desyllas92 Knowledge acquisition 241Panos Desyllas93 Knowledge fit 244Benjamin Kempton andRiikka M. Sarala94 Knowledge management 246Benjamin Kempton andRiikka M. Sarala95 Knowledge transfer 248Benjamin Kempton andRiikka M. Sarala96 LBOs in the MENA region 250Faten Moussa97 Leadership 253Andreas Strobl98 Leveraged buyout 256Kevin Amess and John Gilligan99 Longitudinal research in M&A 262Melanie E. Hassett100 M&A and the COVID pandemic 265Florian Bauer101 M&A as ecosystem 267Svante Schriber and Olimpia Meglio102 M&A boutiques 271David Santana-Corchuelo103 Managerial assessment of performance 273David R. King104 M&A in 3D printing 275Jennifer Johns and Roman Barwinski105 Merger waves 278Duncan N. Angwin106 Mergers in higher education 283Mehdi Safavi107 Metaphor and metonymy 286Sally Riad108 Middle managers 291Gustavo Birollo109 Multidextrous integration 294Robert Demir110 Multidextrous M&A 300Robert Demir111 Negotiation strategy 304Duncan N. Angwin112 Networks in M&A 307Nicola Mirc113 Non-value maximizing motives 310Kris Irwin114 Organizational autonomy 313Jean-Luc Arrègle and Brice Dattée115 Organisational change 315Melanie E. Hassett116 Organizational identity 318Janne Tienari117 Origins of M&A 320Duncan N. Angwin118 Ownership similarity for target selection 322Emanuele L. M. Bettinazzi119 Payment methods 325Sina Amiri120 Pharma M&A 328Klaus Ort121 Post-acquisition integration 331Nour Ghaddar and Nicola Mirc122 Power in post-merger integration 334Janne Tienari and Eero Vaara123 Preservation integration strategy 336Duncan N. Angwin124 Private equity 339Kevin Amess and John Gilligan125 Private equity in the MENA region 342Faten Moussa126 Private equity viability in the MENA region 345Faten Moussa127 Project management 351Satu Teerikangas and Gustavo Birollo128 Psychic distance 353Muriel Durand129 Purpose-driven M&A 357Harin Lee130 Real options for international M&A 360Mohammad Faisal Ahammad131 Relatedness performance 362Joseph A. Clougherty132 Reorientation integration strategy 364Duncan N. Angwin133 Resilience as a driver for M&A 366João Baptista134 Resilience in integration 369Svante Schriber135 Resistance 372Thi Nguyen and Audrey Rouzies136 Seller preparation for postmerger integration 374Robert Demir137 Sensemaking in M&A 377Noelia Sarah Reynolds138 Sentiment analysis 379Maureen Meadows139 Socio-cultural integration 381Melanie E. Hassett140 Speed in M&A 384Florian Bauer141 Stakeholder approach to M&A performance 386Olimpia Meglio142 Stakeholder orientation for post-acquisition integration 388Emanuele L. M. Bettinazzi143 Stock market performance 391David R. King144 Strategic entrepreneurship 393Svante Schriber145 Strategic motives 396Duncan N. Angwin146 Strategy as practice perspective on M&A 399Duncan N. Angwin147 Sustainability agency 403Noelia Sarah Reynolds148 Symbiosis integration strategy 405Duncan N. Angwin149 Synergy 407Martin Friesl150 Synergy realization 410Nicola Mirc and Nour Ghaddar151 Target screening 413Mai Anh Dao and Florian Bauer152 Target size 415Sina Amiri153 Taxation 419Jane Frecknall-Hughes154 Technology M&A 421Svante Schriber155 Theories of M&A occurrence 423Duncan N. Angwin156 Theorizing M&A 426Helene L. Colman and Satu Teerikanga157 Time and timing 428Mark Thomas158 Tobin’s Q and performance 431David R. King159 Transaction cost economics in cross border M&A 432Mohammad Faisal Ahammad160 Transitional service agreement 434Alexander Griesmeier161 Typologies in M&A 436Duncan N. Angwin162 Umbrella constructs 440Olimpia Meglio163 Valuation 442Alexander Budzinski164 Value and its variety 445Sally Riad165 Vertical M&A 448Sina Amiri166 Vision in M&A 451Maureen Meadows167 Withdrawn M&A 453Duncan N. Angwin

‘With its 167 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.’