The interaction of post-acquisition integration and acquisition focus in relation to long-run performance

Sorin Daniliuc, Chris Bilson, Greg Shailer

Research output: Contribution to journalArticleResearchpeer-review

4 Citations (Scopus)

Abstract

We examine the joint influence of post-acquisition integration management and acquisition focus on long-run post-acquisition performance. We develop a financial measure related to integration that is based on changes in net purchases/disposals of physical assets. For a sample of acquisitions by Australian listed firms, we find that the main effects and the interaction of our integration measure and focus are related to performance in the direction suggested by theory. Our results suggest that inconsistencies in previous studies of the focus-performance relation are partly explained by the failure to consider the post-acquisition asset management strategies.

Original languageEnglish
Pages (from-to)587-612
Number of pages26
JournalInternational Review of Finance
Volume14
Issue number4
DOIs
Publication statusPublished - 1 Dec 2014
Externally publishedYes

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Interaction
Long-run performance
Inconsistency
Asset management
Financial measures
Assets
Purchase
Management strategy

Cite this

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The interaction of post-acquisition integration and acquisition focus in relation to long-run performance. / Daniliuc, Sorin; Bilson, Chris; Shailer, Greg.

In: International Review of Finance, Vol. 14, No. 4, 01.12.2014, p. 587-612.

Research output: Contribution to journalArticleResearchpeer-review

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