{"id":"https://openalex.org/W2809542984","doi":"https://doi.org/10.1108/emjb-07-2017-0026","title":"The trade-off between synergy success and efficiency gains in M&A strategy","display_name":"The trade-off between synergy success and efficiency gains in M&A strategy","publication_year":2018,"publication_date":"2018-06-22","ids":{"openalex":"https://openalex.org/W2809542984","doi":"https://doi.org/10.1108/emjb-07-2017-0026","mag":"2809542984"},"language":"en","primary_location":{"id":"doi:10.1108/emjb-07-2017-0026","doi":"https://doi.org/10.1108/emjb-07-2017-0026","is_oa":false,"landing_page_url":"https://doi.org/10.1108/emjb-07-2017-0026","pdf_url":null,"source":{"id":"https://openalex.org/S164338815","display_name":"EuroMed Journal of Business","issn_l":"1450-2194","issn":["1450-2194","1758-888X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","norway-1","poland-40","russia-white-list-1"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"EuroMed Journal of Business","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5087568121","display_name":"Ziva Rozen-Bakher","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Ziva Rozen-Bakher","raw_affiliation_strings":["Independent Researcher, Lisbon, Portugal"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Independent Researcher, Lisbon, Portugal","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5087568121"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":11.0324,"has_fulltext":false,"cited_by_count":22,"citation_normalized_percentile":{"value":0.97917752,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":95,"max":98},"biblio":{"volume":"13","issue":"2","first_page":"163","last_page":"184"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11043","display_name":"Merger and Competition Analysis","score":0.0010000000474974513,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10415","display_name":"International Business and FDI","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/mergers-and-acquisitions","display_name":"mergers and acquisitions","score":0.9800000190734863},{"id":"https://openalex.org/keywords/efficiency-improvement","display_name":"efficiency improvement","score":0.968999981880188},{"id":"https://openalex.org/keywords/workforce-size","display_name":"workforce size","score":0.5669999718666077},{"id":"https://openalex.org/keywords/m-a-strategy","display_name":"M&A strategy","score":0.6880000233650208},{"id":"https://openalex.org/keywords/m-a-success","display_name":"M&A success","score":0.6620000004768372},{"id":"https://openalex.org/keywords/international-m-a","display_name":"international M&A","score":0.7059999704360962},{"id":"https://openalex.org/keywords/post-merger-integration","display_name":"post-merger integration","score":0.796999990940094},{"id":"https://openalex.org/keywords/cost-reduction","display_name":"cost reduction","score":0.6460000276565552},{"id":"https://openalex.org/keywords/profitability","display_name":"profitability","score":0.8619999885559082},{"id":"https://openalex.org/keywords/sales-growth","display_name":"sales growth","score":0.7979999780654907},{"id":"https://openalex.org/keywords/mediation-model","display_name":"mediation model","score":0.6110000014305115}],"concepts":[{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.7951791882514954},{"id":"https://openalex.org/C2778139618","wikidata":"https://www.wikidata.org/wiki/Q13440398","display_name":"Workforce","level":2,"score":0.6579115390777588},{"id":"https://openalex.org/C195487862","wikidata":"https://www.wikidata.org/wiki/Q850210","display_name":"Revenue","level":2,"score":0.498523473739624},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.48392540216445923},{"id":"https://openalex.org/C179420905","wikidata":"https://www.wikidata.org/wiki/Q223871","display_name":"Mediation","level":2,"score":0.4213051199913025},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.4123415946960449},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3796348571777344},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.33234870433807373},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.16415616869926453},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1108/emjb-07-2017-0026","doi":"https://doi.org/10.1108/emjb-07-2017-0026","is_oa":false,"landing_page_url":"https://doi.org/10.1108/emjb-07-2017-0026","pdf_url":null,"source":{"id":"https://openalex.org/S164338815","display_name":"EuroMed Journal of Business","issn_l":"1450-2194","issn":["1450-2194","1758-888X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","norway-1","poland-40","russia-white-list-1"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"EuroMed Journal of Business","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.7257999777793884}],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/9","display_name":"Industry, innovation and infrastructure","score":0.5}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":67,"referenced_works":["https://openalex.org/W125749711","https://openalex.org/W1487073489","https://openalex.org/W1489193396","https://openalex.org/W1494848776","https://openalex.org/W1511492473","https://openalex.org/W1531341052","https://openalex.org/W1548485593","https://openalex.org/W1588152055","https://openalex.org/W1967660164","https://openalex.org/W1971440513","https://openalex.org/W1978883957","https://openalex.org/W1991346471","https://openalex.org/W1995381554","https://openalex.org/W2006550259","https://openalex.org/W2009165384","https://openalex.org/W2017375496","https://openalex.org/W2018484027","https://openalex.org/W2019758655","https://openalex.org/W2025552447","https://openalex.org/W2033242572","https://openalex.org/W2033757196","https://openalex.org/W2034249453","https://openalex.org/W2036470724","https://openalex.org/W2041915579","https://openalex.org/W2042912186","https://openalex.org/W2045972033","https://openalex.org/W2047843183","https://openalex.org/W2048329328","https://openalex.org/W2054520975","https://openalex.org/W2059056973","https://openalex.org/W2063933361","https://openalex.org/W2065248271","https://openalex.org/W2066324154","https://openalex.org/W2081688802","https://openalex.org/W2087327873","https://openalex.org/W2088789743","https://openalex.org/W2089278061","https://openalex.org/W2091808588","https://openalex.org/W2098777079","https://openalex.org/W2106782469","https://openalex.org/W2120260080","https://openalex.org/W2122929840","https://openalex.org/W2123362488","https://openalex.org/W2125554810","https://openalex.org/W2127109077","https://openalex.org/W2128684061","https://openalex.org/W2133296528","https://openalex.org/W2138681772","https://openalex.org/W2138894380","https://openalex.org/W2156864218","https://openalex.org/W2161496748","https://openalex.org/W2220785141","https://openalex.org/W2239938265","https://openalex.org/W2333736626","https://openalex.org/W2339128190","https://openalex.org/W2493565773","https://openalex.org/W2589804308","https://openalex.org/W2614736472","https://openalex.org/W2770138679","https://openalex.org/W3080165278","https://openalex.org/W3122125999","https://openalex.org/W3123398535","https://openalex.org/W3124392956","https://openalex.org/W3124806143","https://openalex.org/W3139046410","https://openalex.org/W4233454717","https://openalex.org/W4253239325"],"related_works":["https://openalex.org/W4389139317","https://openalex.org/W1976975104","https://openalex.org/W3086662780","https://openalex.org/W4412047542","https://openalex.org/W1995381554","https://openalex.org/W2518398138","https://openalex.org/W7006141398","https://openalex.org/W2091808588","https://openalex.org/W1562588304","https://openalex.org/W2588502783"],"abstract_inverted_index":{"Purpose":[0],"This":[1],"study":[2,111,121,231],"raises":[3],"the":[4,8,11,22,32,47,52,68,84,87,91,95,98,125,128,133,139,142,172,177,182,188,192,224,227,236,240,243,252,264,268,272,276,280],"question":[5],"of":[6,10,36,51,57,100,115,141,220,235,242,254,270],"whether":[7,83],"nature":[9],"merger":[12],"and":[13,41,77,102,203,260,267],"acquisition":[14],"(M&A)":[15],"strategyper":[16],"se,":[17],"that":[18,71,123,163,233],"is":[19,60,246],"reflected":[20],"throughout":[21],"M&A":[23,53,92,101,103,225,244,281],"process,":[24],"may":[25,45,72,206],"lead":[26,166,207],"to":[27,61,66,131,167,175,209,213,247],"a":[28,63,107,113,155,197,218,249],"potential":[29,69],"trade-off":[30,70],"between":[31,74,97,251],"two":[33],"main":[34,237],"objectives":[35],"M&As":[37,165,205],"\u2013":[38],"synergy":[39,75,134,178,210,273],"success":[40,76,211],"efficiency":[42,78,193,214,256],"gains,":[43,194,215],"which":[44,216],"explain":[46],"high":[48],"failure":[49],"rate":[50],"strategy.":[54],"The":[55,80,110,120,159,230],"purpose":[56],"this":[58],"paper":[59],"present":[62],"mediation":[64],"model":[65,81],"explore":[67],"exist":[73],"gains.":[79],"examines":[82],"change":[85],"in":[86,106,148,151,157,171,187,196,199,239],"workforce":[88,129,173,189,261,277],"size":[89,130,174,190],"during":[90,263,279],"process":[93],"mediates":[94],"relationship":[96],"types":[99],"success,":[104],"resulting":[105,147,195],"trade-off.":[108],"Design/methodology/approach":[109],"uses":[112],"sample":[114],"394":[116],"public":[117],"firms.":[118],"Findings":[119],"reveals":[122],"if":[124],"management":[126],"over-increases":[127],"realize":[132],"potential,":[135,179,274],"then":[136],"it":[137],"heightens":[138],"risk":[140],"\u201cwin":[143],"synergy-lose":[144],"efficiency\u201d":[145],"trade-off,":[146],"an":[149,168,185],"increase":[150,170,186],"revenue":[152],"growth":[153],"but":[154,180],"decrease":[156,198],"profitability.":[158,200],"results":[160],"even":[161],"show":[162],"international":[164],"\u201cover\u201d":[169],"maximize":[176],"at":[181],"same":[183],"time,":[184],"harms":[191],"However,":[201],"vertical":[202],"conglomerate":[204],"neither":[208],"nor":[212],"reflects":[217],"situation":[219],"no":[221],"benefits":[222],"from":[223],"for":[226],"acquirer.":[228],"Originality/value":[229],"emphasizes":[232],"one":[234],"challenges":[238],"implementation":[241],"strategy":[245],"strike":[248],"balance":[250],"objective":[253,269],"improving":[255],"through":[257],"cutting":[258],"costs":[259],"reduction":[262,278],"integration":[265],"stage":[266],"realizing":[271],"despite":[275],"process.":[282]},"counts_by_year":[{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":5},{"year":2020,"cited_by_count":5},{"year":2019,"cited_by_count":5}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2018-06-29T00:00:00"}
