Mergers and Acquisitions : Strategic-organizational Fit

  title={Mergers and Acquisitions : Strategic-organizational Fit},
  author={Johannes M. Pennings},
This paper examines the effects of resource complementarity and organizational compatibility on merger and acquisition (M&A) outcomes. We also explore the effect of firms' previous M&A experiences. Our investigation focuses on two classes of events following M&As: organizational dissolution and involvement in subsequent M&As, with the firm continuance following the M&A as the “non-event.” Using a multinomial logit model for repeated-event history analysis that reflects the dynamics of… CONTINUE READING