TY - JOUR
T1 - Mergers and acquisitions and environmental conditions
T2 - a systematic literature review to investigate their linkage
AU - Battisti, Enrico
AU - Nirino, Niccolò
AU - Leonidou, Erasmia
AU - Thrassou, Alkis
AU - Vrontis, Demetris
N1 - Publisher Copyright:
© 2023, Emerald Publishing Limited.
PY - 2023
Y1 - 2023
N2 - Purpose: The purpose of this paper is to systematically examine and organize the literature that has explored the effects of several environmental conditions (ECs) on mergers and acquisitions (M&As), in particular highlighting the increasing role of protectionism. Design/methodology/approach: The systematic literature review methodology was applied for the purpose of identifying, analyzing and interrelating specific ECs that affect M&As, thereby underlining and elucidating the requisite role of protectionism. Specifically, this research is based on 51 methodically selected peer-reviewed articles published from 1991 to 2020. Findings: The research summarizes and assesses the current state of relevant literature through comprehensive and coherent descriptive and thematic analysis. The proposed conceptual framework allows us to recognize the connections between M&As and external conditions, highlighting varying degrees of study and in-depth analysis across the different areas under consideration. Originality/value: This study contributes to original and significant knowledge, by developing a conceptual framework that descriptively classifies existing knowledge; by defining refining and explicating the theoretical foundations for scholars to build on; by identifying the research gaps and proposing effective avenues for impactful further research; and by presenting practitioners and policymakers with a practical guide to implementation.
AB - Purpose: The purpose of this paper is to systematically examine and organize the literature that has explored the effects of several environmental conditions (ECs) on mergers and acquisitions (M&As), in particular highlighting the increasing role of protectionism. Design/methodology/approach: The systematic literature review methodology was applied for the purpose of identifying, analyzing and interrelating specific ECs that affect M&As, thereby underlining and elucidating the requisite role of protectionism. Specifically, this research is based on 51 methodically selected peer-reviewed articles published from 1991 to 2020. Findings: The research summarizes and assesses the current state of relevant literature through comprehensive and coherent descriptive and thematic analysis. The proposed conceptual framework allows us to recognize the connections between M&As and external conditions, highlighting varying degrees of study and in-depth analysis across the different areas under consideration. Originality/value: This study contributes to original and significant knowledge, by developing a conceptual framework that descriptively classifies existing knowledge; by defining refining and explicating the theoretical foundations for scholars to build on; by identifying the research gaps and proposing effective avenues for impactful further research; and by presenting practitioners and policymakers with a practical guide to implementation.
KW - Conceptual framework
KW - Environmental conditions
KW - Financial perspective
KW - International business
KW - Mergers and acquisitions
KW - Protectionism
KW - Systematic literature review
UR - http://www.scopus.com/inward/record.url?scp=85164452584&partnerID=8YFLogxK
U2 - 10.1108/MRR-09-2021-0687
DO - 10.1108/MRR-09-2021-0687
M3 - Review article
AN - SCOPUS:85164452584
SN - 2040-8269
JO - Management Research Review
JF - Management Research Review
ER -