| Formatted contents note |
Table of Contents<br/><br/>1:Introduction, David Faulkner, Satu Teerikangas, Richard J. Joseph<br/>Section I: A Strategic Lens for M&A<br/>2:A Review of the Merger and Acquisition Wave Literature, Kalin Kolev, John Haleblian, and Gerry McNamara<br/>3:M&A Typologies: A Review, Duncan Angwin<br/>4:Creating Value through M&A: Challenges and Opportunities, Michel Hitt, David King, Hema Krishnan, Marianna Makri, Mario Schijven, Katsuhiko Shimizu, and Hong Zhu<br/>5:Unbundling Acquisition Performance: How Do they Perform and How Can This Be Measured?, Ioannis Thanos and Vassilis Papadakis<br/>6:Acquisitions, Acquisition Programs and Acquisition Capabilities, Thomas Keil, Tomi Laamanen, and Aino Mäkisalo<br/>Section II A Financial Lens for M&A<br/>7:Pre-deal Management, Brendan McSweeney and Elina Happonen<br/>8:Value Creation and Value Appropriation in M&A Deals, Sudi Sudarsanam<br/>9:Structuring the Transaction, Richard J. Joseph and Bill Ryan<br/>10:Acquiring Distressed and Bankrupt Concerns, Scott Moeller and Maria Carapeto<br/>11:Takeover Strategies, Competitive Bidding and Defensive Tactics, Brendan McSweeney<br/>12:Leveraged Buyouts, Viktoria Dalko<br/>13:Shareholder Value: a Driver of M&A Activity, Bill Ryan<br/>Section III: A Socio-Cultural Lens for M&A<br/>14:Post-M&A Integration: An Overview, Satu Teerikangas and Richard J. Joseph<br/>15:Individual Response to Mergers and Acquisitions, Susan Cartwright<br/>16:Culture in M&A: A Critical Synthesis and Steps Forward, Satu Teerikangas and Philippe Véry<br/>17:Country Cultural Differences in Acquisition Management, David Faulkner, Robert Pitkethly, and John Child<br/>18:Knowledge Management in Mergers and Acquisitions, Sajjad Jasimuddin<br/>19:A Social Identity Analysis of Mergers and Acquisitions, Steffen Giessner, Johannes Ullrich, and Rolf van Dick<br/>20:Power and Politics in M&A, Janne Tienari and Eero Vaara<br/>21:Silent Forces Shaping the Performance of Cross-border Acquisitions, Satu Teerikangas<br/>Section IV: A Sectorial Lens for M&A<br/>22:Characteristics of Emerging Market Mergers and Acquisitions, Harbir Singh and Prashant Kale<br/>23:Financial Mergers and Acquisitions: From Regulation to Strategic Repositioning to Geo-economics, Gary A. Dymski<br/>24:Mergers between Professional Service Firms: How the Big 8 Became the Big 5, Nicholas Fairclough and Samantha Fairclough<br/>25:Examining Resource and Expectational Ambiguity in Technology M&A Integration, Annette Ranft, Adelaide Wilcox King, and Jennifer C. Sexton<br/>26:Characteristics of Biotechnology Mergers and Acquisitions, Lars Schweizer<br/>Section V: Synthesis<br/>27:A Synthesis, Satu Teerikangas, Richard J. Joseph, David Faulkner<br/>Appendix 1: M&A Motives, Definitions, and Defining Characteristics, Satu Teerikangas, David Faulkner, Richard J. Joseph |
| Target audience note |
Description<br/><br/>With its inception at the end of the nineteenth century as a means of consolidation and reorganization, mergers and acquisitions (M&A) have since become quasi-institutionalized as one of the primary strategic options for organizations, as they seek to secure their position in an ever more competitive and globalizing market place. Despite the optimism surrounding M&A as strategic moves, research on post-merger company performance suggests that most firms engaging in M&A activity do not achieve the sought-after performance targets, either immediately or in the years following the deal. What is it that drives M&A activity when research results do not support the performance expectations of these undertakings? Alternatively, have M&A scholars got it all wrong in the way that M&A performance is measured? Is the topic too complex, enduring, and multifaceted to study?<br/><br/>The Handbook argues that the field of M&A is in need of a re-rooting: past research needs to be critically reviewed, and fundamental assumptions revisited. A key issue preventing efforts in the practice and study of M&A from achieving dynamic syntheses has been the disciplinary gulf separating strategy, finance, and human relations schools. The Handbook aims to bridge the hitherto separate disciplines engaged in the study and practice of M&A to provide more meaningful results.<br/><br/>Toward this end, the Handbook brings together a set of prominent and emerging scholars and practitioners engaged in the study of M&A to provide thought-provoking, state of the art overviews of M&A through four specific 'lenses' - strategic, financial, socio-cultural, and sectorial approaches. By summarizing key findings in current research and exploring ways in which the differing approaches could and should be 'synthesized', it aims to highlight the key issues facing M&A practitioners and academics at the dawn of the third millennium.<br/><br/>Author Information<br/><br/>Edited by David Faulkner, Dean, Magna Carta College, Satu Teerikangas, Lecturer, University College London, and Richard J. Joseph, Vice President, Hult International Business School, Boston<br/><br/>Professor David Faulkner is Dean of Magna Carta College, Oxford, a private business school that he co-founded in 2007. He is also Professor at Hult International Business School and Professor Emeritus of Strategy at Royal Holloway, University of London. He was formerly official Student (Fellow) of Christ Church, Oxford and Deputy Director of the Saïd Business School, Oxford University. He is an Oxford-educated economist by background, who has spent much of his early career as a strategic management consultant with McKinsey and Co and Arthur D. Little. He gained a Doctorate from Oxford University (D Phil), researching into conditions for success in International Strategic Alliances. He has written and edited thirteen books including, The Oxford Handbook of Strategy (OUP).<br/><br/>Dr Satu Teerikangas is Lecturer in Management at University College, London. She received her PhD from Helsinki University of Technology. Her research centres on the management of M&A, and has been published in several journals, including the Journal of Management and the British Journal of Management. She co-edits Special Issues on M&As for the Scandinavian Journal of Management and the European Journal of International Management, and co-chairs the M&A track at the European Academy of Management annual conference since 2008. Prior to an academic career, Dr Teerikangas worked for Shell in the Netherlands and the UK. She is on the editorial review board of the International Journal of Cross-Cultural Management.<br/><br/>Richard J. Joseph is the Vice President and former Provost of Hult International Business School, Boston, London, Dubai, Shanghai, and San Francisco. Previously he served on the faculty and administration of the McCombs School of Business at the University of Texas at Austin. Prior to his academic career, he worked as an investment banker at Lehman Brothers, a securities trader at Bear Stearns, an international banker at Citibank, and a mergers and acquisitions lawyer for the Bass Group, Fort Worth. A graduate magna cum laude of Harvard College (B.A.), Oxford University (M.Litt.), and the University of Texas at Austin School of Law (J.D.), he is co-editor of Prentice Hall's Federal Taxation Series and has written numerous commentaries in the Financial Times, Christian Science Monitor, and Tax Notes International. His book, The Origins of the American Income Tax (Syracuse University Press), explores the original intent, rationale, and effect of the early American income ta<br/><br/>Contributors:<br/><br/>Professor Duncan Angwin, Professor of Strategy, Oxford Brookes University, ENPC, Paris and Associate Fellow, Warwick Business School<br/>Maria Carapeto, Senior Lecturer in Finance and Deputy Director of the M&A Research Centre, Cass Business School, City University London<br/>Professor Susan Cartwright, Professor of Organizational Psychology and Well-Being, Lancaster University, and Director of the Centre for Organizational Health and Well Being<br/>Professor John Child, Emeritus Professor, Birmingham Business School and Visiting Professor at the University of Hong Kong<br/>Professor Viktoria Dalko, Global Professor of Finance, Hult International Business School<br/>Professor Rolf van Dick, Professor of Social Psychology, the Department of Psychology, Goethe University, Frankfurt, Germany<br/>Professor Gary Dymski, Professor of Economics, the University of California, Riverside<br/>Dr Samantha Fairclough, the Deloitte & Touche Post-Doctoral Research Fellow in the Department of Strategic Management and Organization, the School of Business, the University of Alberta, and Associate Post-Doctoral Fellow in the Novak Druce Centre for Professional Service Firms, Saïd Business School, the University of Oxford L Nicholas Fairclough, doctoral candidate, the Department of Strategic Management and Organization, the University of Alberta<br/>Dr Steffen R. Giessner, Associate Professor, the Rotterdam School of Management, Erasmus University<br/>Dr Jerayr Haleblian, Associate Professor of Management, University of California-Riverside<br/>Elina Happonen, Analyst at Nordea Finland<br/>School of Professor Michael Hitt, Distinguished Professor of Management, Texas A&M University and the Joe B. Foster Chair in Business Leadership<br/>Dr Sajjad M. Jasimuddin, Lecturer, the School of Management and Business, Aberystwyth University, Associate Professor, the University of Dhaka (Bangladesh), and Visiting Professor, Dalian University of Foreign Languages (China)<br/>Professor Prashant Kale, Professor of Strategic Management, the Jones School of Management, Rice University<br/>Professor Thomas Keil, Professor of Strategic Management, Aalto University, Finland<br/>Dr Adelaide Wilcox King, Associate Professor, the McIntire School of Commerce, the University of Virginia<br/>Dr David R. King, Associate Professor, the College of Business Administration, Marquette University<br/>Kalin Kolev, doctoral student in strategic management, Michigan State University<br/>Professor Hema Krishnan, Associate Dean and Professor of Management and Entrepreneurship, Xavier University, Cincinnati<br/>Professor Tomi Laamanen, Professor of Strategic Management, University of St Gallen, Switzerland<br/>Aino Mäkisalo, Analyst at Roschier<br/>Dr Marianna Makri, Associate Professor, the School of Business Administration, the University of Miami<br/>Professor Gerry McNamara, Professor of Management at Michigan State University<br/>Professor Brendan McSweeney, Professor of Management, Royal Holloway University, London and Visiting Professor, Stockholm Business School, University of Stockholm<br/>Professor Scott Moeller, Director and Founder of the M&A Research Centre and Professor in the Practice of Finance, Cass Business School<br/>Professor Vassilis M. Papadakis, Professor and Chairman of the Department of Business Administration, the Athens University of Economics and Business (AUEB), Greece<br/>Dr Robert Pitkethly, Fellow and Tutor in Management, St. Peter's College, Oxford<br/>Professor Annette L. Ranft, the Jim Moran Professor of Management, Florida State University<br/>Professor Bill Ryan, Professor of Accounting, Hult International Business School, London<br/>Dr Mario Schijven, Assistant Professor of Management, Mays Business School, Texas A&M University<br/>Professor Lars Schweizer, the UBS-Endowed Professor for Management, Goethe University Frankfurt, and Associate Dean of Goethe Business School<br/>Jennifer C. Sexton, Doctoral Candidate, Florida State University<br/>Professor Katsuhiko (Katsu) Shimizu, Professor of Organization Theory and Strategic Management, Graduate School of Business Administration, Keio University, Japan<br/>Professor Harbir Singh, the William and Phyllis Mack Professor of Management and former Chair of the Management Department, the Wharton School of Business Professor Sudi Sudarsanam, Emeritus Professor of Finance and Corporate Control, Cranfield School of Management<br/>Ioannis C. Thanos, PhD, the Athens University of Economics and Business (AUEB), Greece<br/>Professor Janne Tienari, Professor of Organizations and Management, Aalto University, School of Economics, Finland<br/>Dr Johannes Ullrich, Privat dozent in the Department of Psychology, Goethe University, Frankfurt, Germany<br/>Professor Eero Vaara, Professor of Management and Organization, Hanken School of Economics, Helsinki, Finland, and permanent Visiting Professor at EM Lyon Business School, France<br/>Professor Philippe Very, Professor of Strategic Management, EDHEC Business School, France<br/>Dr Hong Zhu, Assistant Professor, Department of Management, the Chinese University of Hong Kong<br/> |
