Do mergers and acquisitions among small and medium-sized enterprises affect the performance of acquiring firms?

Arvanitis, Spyros; Stucki, Tobias (2015). Do mergers and acquisitions among small and medium-sized enterprises affect the performance of acquiring firms? International Small Business Journal, 33(7), pp. 752-773. 10.1177/0266242614522280

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This article investigates the post-merger performance effects resulting from mergers and acquisitions (M&As), drawing on a representative sample taken from all Swiss M&As occurring between 2006 and 2008, the majority of which took place between small and medium-sized firms (SMEs). Using this data, the study was able to investigate the impact of M&As on differing measures of economic performance, and also on innovation for the post-merger period of 2008–2010. The study found positive statistically significant performance effects arising from M&As for three of five critical performance indicators utilized. Furthermore, the evidence suggests that growth is a principal motive for external mergers, while efficiency is more influential on internal mergers.

Item Type:	Journal Article (Original Article)
Division/Institute:	Business School > Institute for Sustainable Business Business School
Name:	Arvanitis, Spyros and Stucki, Tobias0000-0002-2400-0107
ISSN:	0266-2426
ISBN:	0266242614522
Language:	English
Submitter:	Tobias Stucki
Date Deposited:	29 Jan 2019 14:30
Last Modified:	18 Dec 2020 13:27
Publisher DOI:	10.1177/0266242614522280
Uncontrolled Keywords:	economic performance, innovation performance, mergers and acquisitions
ARBOR DOI:	10.24451/arbor.77
URI:	https://arbor.bfh.ch/id/eprint/77