ALTERNATIVE PERSPECTIVES IN STUDYING ACQUISITIONS
DOI:
https://doi.org/10.5937/Rev1988021SKljučne reči:
acquisitions; theoretical perspectives; creating value; acquisitions performance; integrative modelApstrakt
The acquisitions represent mechanisms through which organizations try to achieve growth, access new markets, and improve their competitive positions. These transactions are seen not only as ways for achieving growth, expansion and diversification, but also as ways of reorganization, and as external mechanisms of corporate control. Acquisitions are studied based on different theoretical perspectives: economics, financial, strategic management, and organizational behavior theories. The acquisitions, as complex events in organizational life, are not fully illuminated, partly because researchers tend to consider only partial aspects of them. Therefore, more recently researchers seek to overcome this problem by developing a conceptual framework that integrates different theoretical perspectives within an integrative approach. This paper explains different perspectives in studying acquisitions, by highlighting the main focus of each, as well as emphasizing the need to integrate different perspectives within a comprehensive model which provides a holistic explanation of the complex phenomenon of acquisitions.
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