Strategic fit between business strategies in the post-acquisition period and acquisition performance

Matej Lahovnik

Journal of East European Management Studies, 2011, vol. 16, issue 4, 358-370

Abstract: The overwhelming empirical evidence suggests that, from the acquirer’s perspective, acquisitions are mostly at best “break-even” situations and at worst failures. Our study seeks to contribute to this pool of knowledge by analysing the performance of horizontal acquisitions. We examined the performance of horizontal acquisitions regarding the strategic fit between the business strategies of acquiring and acquired companies in the post-acquisition period. Horizontal acquisitions in which the acquiring and acquired companies developed an identical type of business strategy in the post-acquisition period outperformed acquisitions where the acquiring and acquired companies developed different types of a generic business strategy. The results suggest that the sharing of activities and transfer of skills are important in cases of a fit between business strategies in the post-acquisition period.

Keywords: strategy; acquisition; performance; strategic fit (search for similar items in EconPapers)
JEL-codes: M10 M20 P20 P31 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (1)

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