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Mergers & Acquisitions

Mergers & Acquisitions. Their impact on the innovativeness of single firms and whole industries A meta-analysis of the literature Benjamin Schön and Andreas Pyka. University of Hohenheim. Content. Literature Review – A Meta-Analysis The M&A context and process

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Mergers & Acquisitions

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  1. Mergers & Acquisitions Their impact on the innovativeness of single firms and whole industries A meta-analysis of the literature Benjamin Schön and Andreas Pyka University of Hohenheim

  2. Content • Literature Review – A Meta-Analysis • The M&A context and process • Selection of relevant studies and sample description • Variables included in the studies • Independent variables and their impact • Dependent variables and overall impact • Critical remarks, management implications and future research

  3. Literature review : The M&A context and process

  4. Literature review: Selection of relevant studies • Quality: • Academic journal with blind review process • Minimum of 25 citations • Actuality: • After 1985 • Innovation focus: • At least one hypothesis or central research question directly or indirectly focusing on innovation • Technological motivation sufficiently plausible (i.e. high-tech industry)

  5. Literature review: Selection of relevant studies • Ahuja und Katila (2001) • Bertrand und Zuniga (2006) • Bresman et al. (1999) • Capron et al. (1998) • Cassiman et al. (2005) und (2006) • Chakrabarti et al. (1994) • Cloodt et al. (2006) • Danzon et al. (2007) • Ernst und Vitt (2000) • Gerpott (1995) • Hagedoorn und Duyster (2002) • Hall (1987) • Hall (1990) • Hall (1999) • Hitt et al. (1991a) und (1991b) • Hitt et al. (1996) • Prabhu et al. (2005) • Pranam et al. (2003) • Puranam et al. (2006) • Puranam und Srikanth (2007) • Ranft und Lord (2002)

  6. Literature review: Independent variables used in the studies

  7. Literature review: Independent variables used in the studies

  8. Literature review: Independent variables identified as relevant

  9. Literature review: Dependent variable and overall impact

  10. Literature review: Critical remarks • Second hand data that cannot be scrutinized • Losing original context by aggregation and pooling of variables • Double personal bias in interpretation and explanation of relations and results • Therefore: • Trends and tendencies rather then results • Nevertheless: • First literature ‘meta-analysis’ of its kind (large selection, complete and comprehensive and at the same time focused, fine grained analysis of variables and their impact as well as hypothesis and results)

  11. Open Floor Thank you for your attention! Questions and suggestions are welcome!

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