摘要
通过文献计量梳理现有连续并购相关的文献,对连续并购的概念及内涵进行了界定。鉴于连续并购是一个在时间上具有持续性、行为上具有重复性、影响上具有动态性的概念,故以时间过程为视角,对连续并购发生的前因后果及其内部作用机制的研究成果进行综述,着重梳理连续并购的4个时间属性,即并购频数、并购节奏、并购经验及次序模式。从决策影响因素、并购效应的影响因素及其作用机制等方面厘清了现有研究成果,构建了研究现状的逻辑关系图,并指出现有研究的不足和未来的研究方向。
This paper sorts out the existing literatures which are related to serial acquisitionsby bibliometric analysis,and defining the concept and connotation of serial acquisitions.Given that concept of serial acquisitions is continuous in time,repetitive in behavior and dynamic in impact,this study proposes to summarize the research results of the antecedents and consequences of serial acquisitions and its internal mechanism based on a time process perspective.This study mainly presents four kinds of time attributions of serial acquisitions,including frequency,rhythm,experience and sequence patterns of serial acquisitions.The paper first clarifies the existing research results from the aspects of decision-making influencing factors,influencing factors of mergers and acquisitions effect and its mechanism,then presents a logical relationship diagram of the current research status.Finally,the deficiency of existing research literatures and the future research direction are pointed out.
作者
黄嫚丽
张钺
李静
HUANG Manli;ZHANG Yue;LI Jing(South China University of Technology,Guangzhou,China)
出处
《管理学报》
CSSCI
北大核心
2020年第9期1412-1422,共11页
Chinese Journal of Management
基金
教育部人文社会科学研究基金资助青年项目(19YJCZH062)
广东省自然科学基金资助项目(2018A030313517)
广东省软科学研究计划资助项目(2016A070705022)。
关键词
连续并购
时间过程视角
时间属性
并购绩效
serial acquisitions
time process perspective
time attribution
mergers and acquisitions performance
