Introduction The ever-changing current business environment and the need for novel, innovative solutions often motivates businesses to expand their resources (Makri, Hitt, & Lane, 2010). This expansion of resources is often achieved through mergers and acquisitions. Mergers and acquisitions represent a unique form of entrepreneurial activity through which a company merges with or acquires another business (Granata and Chirico, 2010). They represent a popular, although risky, way for firms to expand and compliment their existing resources (Bae, kang & Kim,…...
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