作者: Andreas Pyka , Benjamin Schön
DOI:
关键词: Business 、 Mergers and acquisitions 、 Empirical research 、 Marketing 、 Success factors 、 Market value 、 Stock (geology) 、 Debt 、 Meta-analysis 、 Technological impact
摘要: With mergers & acquisitions playing an increasingly important role in today?s business world, academic research has strived to follow this trend by investigating their underlying causes and consequences. For a long time focused on the analysis of financial effect as measured market value or debt level. Thus, despite being major vehicle industry concentration method reallocation resources, technological impact remained comparatively underinvestigated for time. This, however, changed recent years. prevalence resource-based view its derivates dominant logic analysing knowledge-intensive industries focus shifted towards aspects acquisitions. both innovation centrepieces competitive strategies modern economy, it is central importance understand consequences innovative potential firms. After more than twenty years field, take stock what we know about determinants. The aim paper provide overview respective performing meta-analysis empirical studies field. intuitive setup allows detailed individual determinants while differentiating between input output. We identify knowledge characteristics partnering firms essential success Important implications policy makers, practitioners future are derived.