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Discussions on the increase in the volume and value of Mergers and Acquisitions (M&As) during the last decade have become commonplace in the economic and business press (Jarillo 2003; Gaughan 2002; Jansen 2001, and Picot 2000). According to an article in the Neue Zürcher Zeitung, the merger-and-acquisition carrousel turned faster in 2005 than at any other time during the last five years (Neue Zürcher Zeitung 2005).

A review of the existing literature on the determinants of post-M&A performance as well as on the motives for M&As is presented in this chapter. The reviewed literature forms the theoretical basis of the present study’s comprehensive model.

This chapter criticizes traditional approaches. The need for a comprehensive model as well as for representative factors is also revealed. The required comprehensive model, based on representative factors arising from important research dimensions on M&A performance, is then developed. The chapter is concluded with a summary.

This chapter discusses the various aspects of the methodology employed by this thesis to evaluate the developed model and the resulting hypotheses. The chapter is divided into 5 parts: It starts off by describing the overall scheme of the empirical research, focusing on the data collection and analysis. The second part focuses on the questionnaire development, the pretesting procedures, and the main constructs’ measurement, while the following part describes the survey implementation. The penultimate part emphasizes the demographics of the responses. The chapter is concluded with an overview of the statistical procedures applied during the hypothesis testing, and a discussion of the reliability and viability of the constructs in this research.

The objective of this chapter is to present and discuss the results of the hypothesis testing. The chapter is composed of four sections. The first three sections: (1) determinant analysis, (2) outer model analysis, and (3) model analysis represent three sequential analyses. Finally, in the last section, the (4) implications of the most relevant of the empirical study’s results are discussed. To generate clear as well as structured results, the different analysis sections are divided into subsections.

The final chapter presents a summary of the study’s results together with their contributions. In a first step, the different findings are summarized and discussed. Thereafter the intrinsic limitations of the present research are discussed. Directions for future research will also be presented, followed by concluding comments.