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Towards a governance perspective to mergers and acquisitions

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dc.contributor Aalto-yliopisto fi
dc.contributor Aalto University en
dc.contributor.author Parvinen, Petri M. T.
dc.date.accessioned 2012-01-24T14:37:27Z
dc.date.available 2012-01-24T14:37:27Z
dc.date.issued 2003-02-07
dc.identifier.isbn 951-22-6381-5
dc.identifier.issn 1457-6929
dc.identifier.uri https://aaltodoc.aalto.fi/handle/123456789/2050
dc.description.abstract The aim of the present study is to conceptually integrate insights from governance theories of the firm to the research area of mergers and acquisitions (M & A). The primary governance theories of the firm are understood to consist of the neoclassical view of the firm, the nexus of contracts perspective, agency theory, early incomplete contracting theory, transaction cost economics and property rights theory. This study uses a bipartite research agenda, consisting of conceptual and bibliometric methodologies to investigate two aspects of conceptual integration. Firstly, the role of the governance theories in the de facto structuring of the M & A discourse, with a focus on disciplinary research orientations, underlying theories and key antecedents to performing M & A research, is investigated. Secondly, the contribution of the governance theories to M & A in the form of interlinkages between the two discourses is analyzed. It is shown that the governance theories assume significant roles that vary vis-à-vis their importance and function within the M & A discourse. Based on various types of identified interlinkages between governance theoretical thinking and the M & A discourse, a novel, holistic governance perspective to M & A is presented. This perspective, consisting of an academically oriented exploratory mapping of the research field as well as a set of suggestions on how to apply governance theory into M & A decision-making, is intended to stimulate further integrative research in the area of M & A. Simultaneously, it demonstrates the usefulness of a general governance perspective to management research and highlights the need to consider governance not as an administrative exercise, but as an area of strategic decision-making. en
dc.format.extent 374
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher Helsinki University of Technology en
dc.publisher Teknillinen korkeakoulu fi
dc.relation.ispartofseries Doctoral dissertations / Helsinki University of Technology, Department of Industrial Engineering and Management, Institute of Strategy and International Business en
dc.relation.ispartofseries 2003 / 3 en
dc.subject.other Economics en
dc.title Towards a governance perspective to mergers and acquisitions en
dc.type G4 Monografiaväitöskirja fi
dc.description.version reviewed en
dc.contributor.department Department of Industrial Engineering and Management en
dc.contributor.department Tuotantotalouden osasto fi
dc.subject.keyword governance theories en
dc.subject.keyword mergers en
dc.subject.keyword acquisitions en
dc.subject.keyword M & A research en
dc.subject.keyword firms en
dc.subject.keyword conceptual integration en
dc.subject.keyword bibliometric methodologies en
dc.subject.keyword decision-making process en
dc.identifier.urn urn:nbn:fi:tkk-000242
dc.type.dcmitype text en
dc.type.ontasot Väitöskirja (monografia) fi
dc.type.ontasot Doctoral dissertation (monograph) en
dc.contributor.lab Institute of Strategy and International Business en
dc.contributor.lab Yritysstrategian ja kansainvälisen liiketoiminnan laboratorio fi
local.aalto.digifolder Aalto_63431
local.aalto.digiauth ask

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