Postmerger Integration Page 1 POSTMERGER INTEGRATION Paul Shrivastava While mergers
may be a good way to grow rapidly, can one sustain growth and performance for long periods …

The main aim of this chapter is to review the use of accounting-based measures of merger
and acquisition (M&A) performance. To do so, we conducted a keyword search in 28 leading …

Prior research on M&As and invention outcomes has not systematically examined the
influence of two types of knowledge differences. Knowledge relatedness has typically been …

Theory suggests that synergy is an essential ingredientfor value creation to occur as a result
of acquisitions. This dominant theory often argues for similarities among resources in the …

Using data on 2,732 lines of business operated by US manufacturing corporations, this
paper analyzes the pre-merger profitability of acquisition targets and post-merger operating …

Building on behavioral theory, we study when and how firms unlock synergy from
acquisitions over extended periods of time. We argue that initial integration is inevi-tably …

The choice of performance measure has long been a difficult issue facing researchers. This
article investigates the comparability of four common measures of acquisition performance …

Economic consequences of takeovers are investigated by analyzing profitability of
enterprises acquired as a direct or indirect (" white knight") result of tender offers. Target …

This study examined the impact of strategic similarities between target and bidder firms on
changes in postmerger performance. Set in the US banking industry, the empirical …

The performance of corporate acquisitions is a popular research topic. Researchers have
employed various criteria in their attempt to evaluate acquisition performance. This paper …