IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v12y2020i22p9623-d447175.html
   My bibliography  Save this article

Towards More Sustainable M&A Deals: Scholars as Change Agents

Author

Listed:
  • Olimpia Meglio

    (Department of Law, Economics, Management and Quantitative Methods, University of Sannio, 82100 Benevento, Italy)

Abstract

Mergers and acquisitions have significantly contributed to making the world globally connected, providing benefits from globalization through acquisition waves. Along with benefits, acquisitions have also accentuated many sustainability and responsibility issues that are central to both public discourse and global policies. Nonetheless, acquisition and sustainability research have evolved separately, as scholars have left sustainability and responsibility topics at the margin of the acquisition discourse. This impacts the ability of academics to affect practice through teaching by restricting available information. Scholars are important change agents for making more sustainable deals through their research, teaching, and public engagement. I specifically focus on research as it permeates both teaching and public engagement. I focus my analysis on five intertwined issues—long term orientation, stakeholder lens, linguistic turn, umbrella constructs, and the engaged scholarship research approach—that may conjointly foster such a change.

Suggested Citation

  • Olimpia Meglio, 2020. "Towards More Sustainable M&A Deals: Scholars as Change Agents," Sustainability, MDPI, vol. 12(22), pages 1-11, November.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:22:p:9623-:d:447175
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/12/22/9623/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/12/22/9623/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Paul Lanoie, 2008. "When And Why Does It Pay To Be Green?," CIRANO Papers 2008n-02a, CIRANO.
    2. Paul R. Carlile, 2004. "Transferring, Translating, and Transforming: An Integrative Framework for Managing Knowledge Across Boundaries," Organization Science, INFORMS, vol. 15(5), pages 555-568, October.
    3. Steve Martin, 2010. "Co-production of social research: strategies for engaged scholarship," Public Money & Management, Taylor & Francis Journals, vol. 30(4), pages 211-218, July.
    4. Olimpia Meglio & Svante Schriber, 2020. "Mergers and Acquisitions," Springer Books, Springer, number 978-3-030-40459-8, December.
    5. David R. King & Dan R. Dalton & Catherine M. Daily & Jeffrey G. Covin, 2004. "Meta‐analyses of post‐acquisition performance: indications of unidentified moderators," Strategic Management Journal, Wiley Blackwell, vol. 25(2), pages 187-200, February.
    6. Julian Birkinshaw & Henrik Bresman & Lars Håkanson, 2000. "Managing the Post‐acquisition Integration Process: How the Human Iintegration and Task Integration Processes Interact to Foster Value Creation," Journal of Management Studies, Wiley Blackwell, vol. 37(3), pages 395-425, May.
    7. Andreas Georg Scherer & Guido Palazzo, 2011. "The New Political Role of Business in a Globalized World: A Review of a New Perspective on CSR and its Implications for the Firm, Governance, and Democracy," Journal of Management Studies, Wiley Blackwell, vol. 48(4), pages 899-931, June.
    8. Andrew M. Pettigrew, 2012. "Context and Action in the Transformation of the Firm: A Reprise," Journal of Management Studies, Wiley Blackwell, vol. 49(7), pages 1304-1328, November.
    9. Fama, Eugene F, 1970. "Efficient Capital Markets: A Review of Theory and Empirical Work," Journal of Finance, American Finance Association, vol. 25(2), pages 383-417, May.
    10. Olimpia Meglio & Kathleen Park, 2019. "Strategic Decisions and Sustainability Choices," Springer Books, Springer, number 978-3-030-05478-6, December.
    11. Starbuck, William H., 2009. "The constant causes of never-ending faddishness in the behavioral and social sciences," Scandinavian Journal of Management, Elsevier, vol. 25(1), pages 108-116, March.
    12. Deepak K. Datta, 1991. "Organizational fit and acquisition performance: Effects of post‐acquisition integration," Strategic Management Journal, Wiley Blackwell, vol. 12(4), pages 281-297, May.
    13. A. S. Dewing, 1921. "A Statistical Test of the Success of Consolidations," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 36(1), pages 84-101.
    14. Emanuele Luca Maria Bettinazzi & Maurizio Zollo, 2017. "Stakeholder orientation and acquisition performance," Post-Print hal-02312007, HAL.
    15. Meglio, Olimpia & Risberg, Annette, 2010. "Mergers and acquisitions--Time for a methodological rejuvenation of the field?," Scandinavian Journal of Management, Elsevier, vol. 26(1), pages 87-95, March.
    16. Rikard Larsson & Sydney Finkelstein, 1999. "Integrating Strategic, Organizational, and Human Resource Perspectives on Mergers and Acquisitions: A Case Survey of Synergy Realization," Organization Science, INFORMS, vol. 10(1), pages 1-26, February.
    17. Susan Cartwright & Statu Teerikangas & Audrey Rouziès & Elisabeth Wilson-Evered, 2012. "Methods in M&A - A look at the past and the future to forge a path forward," Post-Print halshs-00738613, HAL.
    18. Julian Birkinshaw, 2000. "Managing the Post-acquisition Integration Process: How the Human Iintegration and Task Integration Processes Interact to Foster Value Creation," Journal of Management Studies, Wiley Blackwell, vol. 37, pages 395-425, May.
    19. Antonio Salvi & Felice Petruzzella & Anastasia Giakoumelou, 2018. "Green M&A Deals and Bidders’ Value Creation: The Role of Sustainability in Post-Acquisition Performance," International Business Research, Canadian Center of Science and Education, vol. 11(7), pages 96-105, July.
    20. Emanuele L. M. Bettinazzi & Maurizio Zollo, 2017. "Stakeholder Orientation and Acquisition Performance," Strategic Management Journal, Wiley Blackwell, vol. 38(12), pages 2465-2485, December.
    21. Park, Kathleen Marshall & Meglio, Olimpia & Bauer, Florian & Tarba, Shlomo, 2018. "Managing patterns of internationalization, integration, and identity transformation: The post-acquisition metamorphosis of an Arabian Gulf EMNC," Journal of Business Research, Elsevier, vol. 93(C), pages 122-138.
    22. Lynette Osiemo, 2012. "Developing Responsible Leaders: The University at the Service of the Person," Journal of Business Ethics, Springer, vol. 108(2), pages 131-143, June.
    23. Paul M. Hirsch & Daniel Z. Levin, 1999. "Umbrella Advocates Versus Validity Police: A Life-Cycle Model," Organization Science, INFORMS, vol. 10(2), pages 199-212, April.
    24. Thais González-Torres & José-Luis Rodríguez-Sánchez & Eva Pelechano-Barahona & Fernando E. García-Muiña, 2020. "A Systematic Review of Research on Sustainability in Mergers and Acquisitions," Sustainability, MDPI, vol. 12(2), pages 1-18, January.
    25. Braithwaite,John & Drahos,Peter, 2000. "Global Business Regulation," Cambridge Books, Cambridge University Press, number 9780521784993.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zsuzsanna Vincze & Linda Hällerstrand & Daniel Örtqvist & Lena Rist, 2021. "Strategic Corporate Sustainability in a Post-Acquisition Context," Sustainability, MDPI, vol. 13(11), pages 1-29, May.
    2. Jost, Sébastien & Erben, Saskia & Ottenstein, Philipp & Zülch, Henning, 2022. "Does corporate social responsibility impact mergers & acquisition premia? New international evidence," Finance Research Letters, Elsevier, vol. 46(PA).
    3. Karolis Andriuškevičius & Dalia Štreimikienė, 2022. "Energy M&A Market in the Baltic States Analyzed through the Lens of Sustainable Development," Energies, MDPI, vol. 15(21), pages 1-21, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Meglio, Olimpia & Risberg, Annette, 2011. "The (mis)measurement of M&A performance—A systematic narrative literature review," Scandinavian Journal of Management, Elsevier, vol. 27(4), pages 418-433.
    2. Park, Kathleen Marshall & Meglio, Olimpia & Schriber, Svante, 2019. "Building a global corporate social responsibility program via mergers and acquisitions: A managerial framework," Business Horizons, Elsevier, vol. 62(3), pages 395-407.
    3. Sophie Fischer & John Rodwell & Mark Pickering, 2021. "A Configurational Approach to Mergers and Acquisitions," Sustainability, MDPI, vol. 13(3), pages 1-15, January.
    4. Teerikangas, Satu & Thanos, Ioannis C., 2018. "Looking into the ‘black box’ – unlocking the effect of integration on acquisition performance," European Management Journal, Elsevier, vol. 36(3), pages 366-380.
    5. Wang, Daojuan & Hain, Daniel S. & Larimo, Jorma & Dao, Li T., 2020. "Cultural differences and synergy realization in cross-border acquisitions," International Business Review, Elsevier, vol. 29(3).
    6. Bauer, Florian & King, David & Matzler, Kurt, 2016. "Speed of acquisition integration: Separating the role of human and task integration," Scandinavian Journal of Management, Elsevier, vol. 32(3), pages 150-165.
    7. Strobl, Andreas & Bauer, Florian & Matzler, Kurt, 2020. "The impact of industry-wide and target market environmental hostility on entrepreneurial leadership in mergers and acquisitions," Journal of World Business, Elsevier, vol. 55(2).
    8. Colman, Helene Loe, 2020. "Facilitating integration and maintaining autonomy: The role of managerial action and interaction in post-acquisition cabability transfer," Journal of Business Research, Elsevier, vol. 109(C), pages 148-160.
    9. Simon Segal & James Guthrie & Johannes Dumay, 2021. "Stakeholder and merger and acquisition research: a structured literature review," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(2), pages 2935-2964, June.
    10. Richard A. Hunt & David M. Townsend & Elham Asgari & Daniel A. Lerner, 2019. "Bringing It All Back Home: Corporate Venturing and Renewal Through Spin-ins," Entrepreneurship Theory and Practice, , vol. 43(6), pages 1166-1193, November.
    11. Ye, Silin & Zhou, Jing & Jiang, Yunwen & Liu, Xiaming, 2023. "Managers as the bridge: How cultural friction influences the integration of cross-border mergers and acquisitions," International Business Review, Elsevier, vol. 32(4).
    12. Schweizer, Lars & Patzelt, Holger, 2012. "Employee commitment in the post-acquisition integration process: The effect of integration speed and leadership," Scandinavian Journal of Management, Elsevier, vol. 28(4), pages 298-310.
    13. Stienstra, Miranda, 2020. "The determinants and performance implications of alliance partner acquisition," Other publications TiSEM 7fdee0c2-d4d2-4f5b-95e3-2, Tilburg University, School of Economics and Management.
    14. Ai, Qi & Tan, Hui, 2020. "Uncovering neglected success factors in post-acquisition reverse capability transfer: Evidence from Chinese multinational corporations in Europe," Journal of World Business, Elsevier, vol. 55(3).
    15. Jiang Wei & Yang Yang & Sali Li, 2021. "Mirror or no mirror? Architectural design of cross-border integration of Chinese multinational enterprises," Asia Pacific Journal of Management, Springer, vol. 38(4), pages 1399-1430, December.
    16. Bazel-Shoham, Ofra & Lee, Sang Mook & Rivera, Michael J. & Shoham, Amir, 2020. "Impact of the female board members and gaps in linguistic gender marking on cross-border M&A," Journal of World Business, Elsevier, vol. 55(2).
    17. David R. King & Gang Wang & Mehdi Samimi & Andres Felipe Cortes, 2021. "A Meta‐Analytic Integration of Acquisition Performance Prediction," Journal of Management Studies, Wiley Blackwell, vol. 58(5), pages 1198-1236, July.
    18. Khan, Zaheer & Soundararajan, Vivek & Wood, Geoffrey & Ahammad, Mohammad Faisal, 2020. "Employee emotional resilience during post-merger integration across national boundaries: Rewards and the mediating role of fairness norms," Journal of World Business, Elsevier, vol. 55(2).
    19. Smeulders, Dieter & Dekker, Henri C. & Van den Abbeele, Alexandra, 2023. "Post-acquisition integration: Managing cultural differences and employee resistance using integration controls," Accounting, Organizations and Society, Elsevier, vol. 107(C).
    20. Teerikangas, Satu & Colman, Helene Loe, 2020. "Theorizing in the qualitative study of mergers & acquisitions," Scandinavian Journal of Management, Elsevier, vol. 36(1).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:12:y:2020:i:22:p:9623-:d:447175. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.