This paper seeks to further the understanding of the variety of meanings M&A scholars attach to the label "M&A performance" by providing an alternative way to interpret the claimed inconsistency of M&A research findings. While many scholars contend that the problem stems from the multiplicity of M&A performance measures, we believe the problem rests in trying to compare different measures as if they were measuring the same feature of the organization. Through our narrative review of empirical research we analyze factors shaping the M&A - as well as the organizational - performance measurement process. The conclusion is that it is not possible to talk about M&A performance as if it was a universal construct. © 2011 Elsevier Ltd.
The (mis)measurement of M&A performance-A systematic narrative literature review / Meglio, O.; Risberg, A.. - In: SCANDINAVIAN JOURNAL OF MANAGEMENT. - ISSN 0956-5221. - 27:4(2011), pp. 418-433. [10.1016/j.scaman.2011.09.002]
The (mis)measurement of M&A performance-A systematic narrative literature review
Meglio O.
;
2011
Abstract
This paper seeks to further the understanding of the variety of meanings M&A scholars attach to the label "M&A performance" by providing an alternative way to interpret the claimed inconsistency of M&A research findings. While many scholars contend that the problem stems from the multiplicity of M&A performance measures, we believe the problem rests in trying to compare different measures as if they were measuring the same feature of the organization. Through our narrative review of empirical research we analyze factors shaping the M&A - as well as the organizational - performance measurement process. The conclusion is that it is not possible to talk about M&A performance as if it was a universal construct. © 2011 Elsevier Ltd.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.