TY - JOUR
T1 - Stakeholder and merger and acquisition research
T2 - A structured literature review
AU - Segal, Simon
AU - Guthrie, James
AU - Dumay, John
PY - 2020/8/12
Y1 - 2020/8/12
N2 - This paper reviews literature that links stakeholders and mergers and acquisitions (M&A) to develop insights into how such research is developing, critique the research, and outline future research opportunities, not least in accounting and finance. Using a structured literature review (SLR) approach, we find such research is expanding in investigating diverse stakeholders and in analytic approaches, research methods and disciplines. With a shareholder focus, accounting and finance publications still largely ignore non‐shareholder stakeholders in researching M&A. The literature is dominated by a unidirectional analysis that primarily considers the effect M&A has on stakeholders, falls short in investigating inter‐ and intra‐stakeholder relationships and in eliciting the complex web of relationships between an M&A process and stakeholders.
AB - This paper reviews literature that links stakeholders and mergers and acquisitions (M&A) to develop insights into how such research is developing, critique the research, and outline future research opportunities, not least in accounting and finance. Using a structured literature review (SLR) approach, we find such research is expanding in investigating diverse stakeholders and in analytic approaches, research methods and disciplines. With a shareholder focus, accounting and finance publications still largely ignore non‐shareholder stakeholders in researching M&A. The literature is dominated by a unidirectional analysis that primarily considers the effect M&A has on stakeholders, falls short in investigating inter‐ and intra‐stakeholder relationships and in eliciting the complex web of relationships between an M&A process and stakeholders.
KW - Mergers and acquisitions
KW - Stakeholders
KW - Structured literature review
UR - http://www.scopus.com/inward/record.url?scp=85089312368&partnerID=8YFLogxK
U2 - 10.1111/acfi.12688
DO - 10.1111/acfi.12688
M3 - Article
JO - Accounting and Finance
JF - Accounting and Finance
SN - 0810-5391
ER -