To acquire or not to acquire: Mergers and Acquisitions in the Software Industry

Identifier:  PC:3151

Handle: https://hdl.handle.net/20.500.11797/PC3151

Authors:  Teruel, Mercedes; Méndez Ortega, Carles,

Abstract:
The aim of this paper is to analyse the impact of Mergers and Acquisitions on firm growth for Software firms located in Catalonia. We investigate firms which are targeting, or are themselves the target of an acquisition and we find that the impact on is heterogeneous; there appear to be positive and negative impacts on productivity and sales growth rate. This paper contributes to the understanding of the M&A process in this young industry characterised by an exponential growth and how such activity interacts with the growth and productivity of the firms involved. Keywords: Software industry, Mergers and acquisitions, firm growth, Catalonia. JEL Codes: D22, C33, L86, O30