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 > Institute for Sustainable Business
Business

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

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