4Process of change

The process of change generally refers to actions undertaken during the change process (Armenakis & Bedeian, 1999). While scholars often investigate one part of the M&A process, research generally recognizes three stages of M&A: 1) pre-merger, 2) deal completion, and 3) post-merger integration.

  • For the pre-merger phase, research considers combination potential with an investigation of constructs involving relatedness, similarity, complementarity, or compatibility between combining organizations that impacts integration and performance (Bauer & Matzler, 2014; Homburg & Bucerius, 2006; Larsson & Finkelstein, 1999; Pehrsson, 2006).
  • For various reasons, deal completion is only in very rare cases subject to research from the ...

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