Appendix

A.1Keyword-based filtering of acquisitions

Tab. 11: Excerpt of keyword list containing AI-related terms

As noted in section 5.1.2, due to the lack of relevant codes acquisition targets that are active in AI need to be identified employing a keyword-based search within M&A databases. For this purpose, a keyword list containing 479 AI-related terms was generated. A subset of the keyword list is shown in table 11. The creation of the keyword list encompassed three steps, extraction and rating, consolidation and structuring, and final ...

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