Why Companies Do Not Pursue Attractive Mergers and Acquisitions
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5.2.4. Summary and Contributions to Strategic Management M&A Performance Theory

331

5.3. Relationship of Findings to Strategic Decision-Making (SDM) Theory

334

5.3.1. Introduction

334

5.3.2. The Empirical Model in Relation to SDM Theory

335

5.3.3. Summary of Contributions to Strategic Decision-Making Theory

346

5.4. Prospective Contributions to Practice

347

5.4.1. Introduction

347

5.4.2. Contributions to Acquirers

348

5.4.3. Contributions to Acquisition Industry Participants

350

5.4.4. Summary of Contributions to Practice

351

5.5. Limitations of This Study and Options for Future Research

352

5.5.1. Introduction

352

5.5.2. Limitations Deriving From Basic Assumptions and Future Research Options to Clarify Them

353

5.5.3. Limitations Deriving From Empirical Model Assumptions and Options for Future Research

354

5.5.4. Limitations Deriving From Study Design and Options for Future Research

362

5.5.5. Summary

364

Appendices

367

Appendix 1: Perspectives on M&A Failure

367

Appendix 2: Haspeslagh and Jemison’s Model of the Acquisition Process (as an Alternative to the “Traditional” Model)

370