Mergers and Acquisitions in Africa: A Review and an Emerging Research Agenda
Mergers and Acquisitions in Africa: A Review and an Emerging Research Agenda
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DOI：
10.1080/23322373.2015.1028274
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发表时间：
2015-04
影响因子：
1.3
通讯作者：
Kimberly M. Ellis;B. Lamont;T. Reus;Leon Faifman
中科院分区：
文献类型：
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作者：
Kimberly M. Ellis;B. Lamont;T. Reus;Leon Faifman
本文确定和审查现有的合并和收购（M&A）的研究集中在非洲市场。在这一审查中，突出了现有研究中直接提到或间接提到的因素，这些因素将非洲国家作为目标国与并购文献中传统上考虑的其他国家区分开来。还报告了与密切参与非洲合并和收购的行政人员进行的一系列深入访谈的结果。这些采访强调了非洲背景的一些特殊特征，这些特征凸显了基于北美和西欧较发达地区收购的现有并购研究的边界条件和扩大研究的必要性。最后，本文综合了作者对文献的回顾和高管访谈的见解，为今后的研究制定了路线图，旨在提高我们对M& A的理解。非洲的背景下似乎特别适合扩展我们的知识的制度理论，发展的选择能力，学习和知识转移理论，文化差异的作用，在跨国并购，组织正义理论，一个子集的制度理论的制度遗产，和社会主导理论。
This article identifies and reviews existing merger and acquisition (M&A) studies focused on African markets. In this review, the factors mentioned directly or alluded to in the existing studies that distinguish African countries as target nations from other countries traditionally considered in the M&A literature are highlighted. Also reported are the results from a series of in-depth interviews with executives intimately involved with M&As in Africa. These interviews highlight some of the idiosyncratic features of the African context that bring to the forefront boundary conditions of, and the need to expand, existing M&A research based on acquisitions in the more developed regions of North America and Western Europe. The paper concludes with a synthesis of the conclusions from the authors’ review of the literature with the insights offered from their executive interviews to chart a roadmap for future research designed to enhance our understanding of M&As in general. The African context appears particularly appropriate for extending our knowledge of institutional theory, the development of selection capabilities, learning and knowledge transfer theories, the role of cultural differences in cross-border M&A, organizational justice theory, a subset of institutional theory on institutional legacies, and social dominance theory.