Mergers and acquisitions and environmental conditions: a systematic literature review to investigate their linkage

Enrico Battisti, Niccolò Nirino, Erasmia Leonidou, Alkis Thrassou and Demetris Vrontis

Management Research Review, 2023, vol. 47, issue 2, 226-244

Abstract: Purpose - The purpose of this paper is to systematically examine and organize the literature that has explored the effects of several environmental conditions (ECs) on mergers and acquisitions (M&As), in particular highlighting the increasing role of protectionism. Design/methodology/approach - The systematic literature review methodology was applied for the purpose of identifying, analyzing and interrelating specific ECs that affect M&As, thereby underlining and elucidating the requisite role of protectionism. Specifically, this research is based on 51 methodically selected peer-reviewed articles published from 1991 to 2020. Findings - The research summarizes and assesses the current state of relevant literature through comprehensive and coherent descriptive and thematic analysis. The proposed conceptual framework allows us to recognize the connections between M&As and external conditions, highlighting varying degrees of study and in-depth analysis across the different areas under consideration. Originality/value - This study contributes to original and significant knowledge, by developing a conceptual framework that descriptively classifies existing knowledge; by defining refining and explicating the theoretical foundations for scholars to build on; by identifying the research gaps and proposing effective avenues for impactful further research; and by presenting practitioners and policymakers with a practical guide to implementation.

Keywords: Mergers and acquisitions; Environmental conditions; Protectionism; Financial perspective; Systematic literature review; Conceptual framework; International business (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eme:mrrpps:mrr-09-2021-0687

DOI: 10.1108/MRR-09-2021-0687

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