The Challenge of Integration: A Review of the M&A Integration Literature
The Challenge of Integration: A Review of the M&A Integration Literature
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DOI：
10.1111/ijmr.12099
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发表时间：
2017-10
期刊：
影响因子：
--
通讯作者：
N. Steigenberger
中科院分区：
文献类型：
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作者：
N. Steigenberger
被并购企业的整合是并购成败的关键驱动力。在过去的30年里，大量的研究已经解决了并购整合，提供了丰富的，但广泛分散的见解，这一现象。本文根据对学术期刊上发表的文章的回顾，对当前的知识进行了评估。该审查推进的概念理解的现象，归纳发展的总体框架的并购整合文献，整合的成功是一个功能的背景下，结构和通信为基础的干预措施，互动与集体意义的过程和整合利益相关者之间的谈判。在此基础上，提出了一个研究议程。我建议，特别是，结构性干预和领导之间的相互作用值得进一步研究。此外，很少有人知道集成项目管理和集成团队的组成或集成上下文和集体意义构建过程之间的相互作用。最后，集成项目中的时间动态研究不足。回顾表明，并购学者在我们对并购整合过程的理解方面取得了实质性进展，但仍有许多工作要做。
The integration of acquired or merging firms is a key driver of the success or failure of mergers and acquisitions (M&As). Over the last 30 years, a substantial body of research has addressed M&A integration, offering rich but widely dispersed insights into this phenomenon. This paper takes stock of the current knowledge, based on a review of articles published in scholarly journals. The review advances the conceptual understanding of the phenomenon by inductively developing an overarching framework for the M&A integration literature, where integration success is a function of context, structural and communication-based interventions, which interact with collective sensemaking processes and negotiations among integration stakeholders. Based on this framework, a research agenda is suggested. I proposes that, in particular, the interaction between structural interventions and leadership warrants further study. Also, little is known about integration project management and integration team composition or the interaction between integration context and collective sensemaking processes. Finally, there is a shortage of research on temporal dynamics within integration projects. The review demonstrates that M&A scholars made substantial progress regarding our understanding of the M&A integration process, yet much remains to be done.