Thirty Years of Mergers and Acquisitions Research: Recent Advances and Future Opportunities
回顾了过去30年并购研究的三大主流方向（战略匹配、组织匹配和收购过程）的最新成果，并探讨了研究进展与高失败率并存的原因，为未来研究指明方向。
The complex phenomenon that mergers and acquisitions (M&As) represent has attracted substantial interest from a variety of management disciplines over the past 30 years. Three primary streams of enquiry can be identified within the strategic and behavioural literature, which focus on the issues of strategic fit, organizational fit and the acquisition process itself. The recent achievements within each of these research streams are briefly reviewed. However, in parallel to these research advances, the failure rates of mergers and acquisitions have remained consistently high. Possible reasons for this dichotomy are discussed, which in turn highlight the significant opportunities that remain for future M&A research.