Professor of Strategy
M&A; Mergers and Acquisitions; PMI; Postmerger Integration; Corporate Governance; Value Creation, Strategy and Implementation
Mergers and acquisitions (M&As) continue to be prevalent despite frequently yielding disappointing outcomes. Postmerger integration plays a critical role in M&A success, yet many questions about M&A implementation remain unanswered.In this article, the authors review research on postmerger integration, which they organize around strategic integration, sociocultural integration, and experience and learning. The authors then lay out a research agenda that centers on expanding our understanding of processual dynamics in postmerger integration.The authors focus on opportunities related to temporality, decision-making, practices and tools, and emotionality.