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Exploring the Dynamics between M&A Activities and Industry-Level Performance

School of Business, Sejong University, Seoul 05006, Korea
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Sustainability 2020, 12(11), 4399; https://doi.org/10.3390/su12114399
Received: 24 April 2020 / Revised: 22 May 2020 / Accepted: 24 May 2020 / Published: 27 May 2020
(This article belongs to the Special Issue Business Analytics and Data Mining for Business Sustainability)
This study investigates the correlation between mergers and acquisitions (M&As) activities and industry-level performance. While extensive research on M&As has focused on financial performance at the firm-level around the merger announcement, not much focus has been given to the relationship between M&A activities and financial performance at the industry level. Using global data from the S&P (Standard & Poor’s) Capital IQ platform database, this study examines the significance of relationships of 12 industry-level financial values with M&A frequency and transaction value across 11 industry sectors throughout 2009–2018. The results show that M&A activities play a key role in identifying industries with lots of potential and that strategic investment planning can be drawn from both industry and time lag perspectives. This study bridges the gap by exploring the complexity of M&A performance across various firms and industries, and supports forward-looking investment processes by delineating emerging industries with expected positive returns. View Full-Text
Keywords: M& A; industry-level performance; correlation analysis; investment planning M& A; industry-level performance; correlation analysis; investment planning
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MDPI and ACS Style

Choi, J.; Shin, N.; Lee, H.S. Exploring the Dynamics between M&A Activities and Industry-Level Performance. Sustainability 2020, 12, 4399. https://doi.org/10.3390/su12114399

AMA Style

Choi J, Shin N, Lee HS. Exploring the Dynamics between M&A Activities and Industry-Level Performance. Sustainability. 2020; 12(11):4399. https://doi.org/10.3390/su12114399

Chicago/Turabian Style

Choi, Jinho, Nina Shin, and Hee S. Lee 2020. "Exploring the Dynamics between M&A Activities and Industry-Level Performance" Sustainability 12, no. 11: 4399. https://doi.org/10.3390/su12114399

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