Key points are not available for this paper at this time.
How to improve the performance of mergers & acquisitions ( M&A ) continues to be a confounding issue. We show that a dedicated M&A function is a new phenomenon that is positively related to a firm's M&A performance and M&A learning process. Moreover, we find that an M&A learning process (involving articulation, codification, sharing, and internalization) helps build up an M&A capability, which in turn is positively related to a firm's overall M&A performance. We use survey data from a sample drawn from the M&A activities of G erman firms to test our arguments. Ltd . Copyright © 2015 John Wiley & Sons, Ltd.
Trichterborn et al. (Mon,) studied this question.