TY  - CHAP
AB  - The main aim of this chapter is to review the use of accounting-based measures of merger and acquisition (M&A) performance. To do so, we conducted a keyword search in 28 leading management journals and one edited book (i.e., Advances in Mergers & Acquisitions). To complement our review, we draw on very recent literature reviews of M&As (e.g., Haleblian, J., Devers, C. E., McNamara, G., Carpenter, M. A., & Davison, R. B. (2009). Taking stock of what we know about mergers and acquisitions: A review and research agenda. Journal of Management, 35(3), 469–502; Kolev, Haleblian, & McNamara, 2012; Meglio, 2009). Results indicate that accounting-based measures of performance have been used in 36 studies. Also, in these studies, there exists much heterogeneity with respect to the operationalization of M&A performance, the time lag, and the level of analysis. Next, the chapter proceeds with the discussion of the advantages and disadvantages of accounting measures and the proposition of four substantive priorities for future research in the area.
VL  - 10
SN  - 978-1-78052-196-1, 978-1-78052-197-8/1479-361X
DO  - 10.1108/S1479-361X(2012)0000010009
UR  - https://doi.org/10.1108/S1479-361X(2012)0000010009
AU  - Thanos Ioannis C.
AU  - Papadakis Vassilis M.
ED  - Cary L. Cooper
ED  - Sydney Finkelstein
PY  - 2012
Y1  - 2012/01/01
TI  - The Use of Accounting-Based Measures in Measuring M&A Performance: A Review of Five Decades of Research
T2  - Advances in Mergers and Acquisitions
T3  - Advances in Mergers and Acquisitions
PB  - Emerald Group Publishing Limited
SP  - 103
EP  - 120
Y2  - 2024/04/25
ER  -