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Alliances to Acquisitions: A Road Map to Advance the Field of Strategic Management

Advances in Mergers and Acquisitions

ISBN: 978-1-78714-693-8, eISBN: 978-1-78714-692-1

ISSN: 1479-361X

Publication date: 27 June 2017

Abstract

Although primarily treated as two distinct research streams, strategic alliances and mergers and acquisitions together occupy much of the strategic management discourse. Alliances, in many cases, end in acquisitions as firms use alliances as intermediate strategic options to eventually acquire a partner. As the discipline of strategy matures and the frequency and the volume of inter-firm cooperation continue to rise, it is imperative to integrate these two research streams for a holistic understanding of the theory of the firm. The purpose of this conceptual piece is threefold. First, we review the extant studies that combine these two governance modes: alliance and acquisitions. Second, drawing on the dominant strategic management theories, we highlight how prior inter-firm alliances inform future acquisitions in terms of (a) pre-combination decisions, (b) post-deal integration processes, (c) alternatives and strategies, and (d) performance outcomes. Finally, in view of the emerging trends and evocative gaps, we offer a conceptual road map to encourage future theoretical development and empirical research.

Keywords

Citation

Zakaria, R. and Genç, .F. (2017), "Alliances to Acquisitions: A Road Map to Advance the Field of Strategic Management", Advances in Mergers and Acquisitions (Advances in Mergers & Acquisitions, Vol. 16), Emerald Publishing Limited, Bingley, pp. 1-20. https://doi.org/10.1108/S1479-361X20170000016001

Publisher

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Emerald Publishing Limited

Copyright © 2017 Emerald Publishing Limited