What do you see when you start thinking about mergers and acquisitions? In the practical sense, you might think about a huge undertaking for a both the buyer and the seller. The negotiations might unfold as a multi-party decision-making situation and the integration process as different streams of technical, business, personnel and cultural changes. Integration streams that are somehow surprisingly separate, governed by different people and systems, yet explained by different theories. M&A might occur as organisations try to find optimal fit among many contingencies or try to fulfil organisational goals by implementing new and replacing or maintaining existing management control systems. Organisations in search of growth might end up scrambling through turbulence to get back into a governable state.<\/p>\n
What is the role of accounting in all of this? A source of objectivity and something to count on in an otherwise uncertain situation? A walking stick to help you up the hill? Maybe a microscope to analyse every detail or a pair of binoculars to see the distant lands far ahead and far into the future? Well, it all depends on how you look or sometimes, who is looking. Yes, accounts are audited and produced by some of the most precise people around, but does accounting and all its translations tell an objective story or are the presenter, the audience, and the materials at hand always subjective to a lesser or greater extent? Are the current negotiations or integration actually the hill you are supposed to be climbing on after all? If accounting is a microscope, has it been used properly or in the end, at all? Were the lenses of the binoculars crooked by hopes, dreams, nightmares, illusions, or maybe just simple promises? There\u2019s a multitude of possibilities, including a multitude of actors applying a wide array of accounting and other tools. Accounting is not alone, and you could even argue that there is not one accounting, but at least two accountings or maybe more generating different views of the world at the same time. Which ones to choose? Which ones to match?<\/p>\n
When it comes to M&A and accounting, the nature of things has to be taken into account. It\u2019s not simply a decision-making situation leading either to a success or failure, nor is it a simple quest for growth or better performance. You cannot slice and dice in the different layers of technical and human beforehand by selecting a theory and concentrating on one or the other. The best possible management control system might lead organisations astray in both negotiations and integration, while sheer luck could save some from wandering in the wilderness. The changing roles played by different actors, both human and non-human, weave a web that is not easily labelled, put in a box and a stored in a warehouse of knowledge. This is why a researcher needs to drill down into to the details, to the actors and their attachments, in order to fully grasp the nature of M&A and the role that accounting plays in it. That\u2019s what I\u2019m planning to do in my research.<\/p>\n
<\/p>\n
Mikko Kulmala<\/em><\/strong><\/p>\n PhD Student, University of Vaasa, Accounting<\/em> <\/p>\n","protected":false},"excerpt":{"rendered":" What do you see when you start thinking about mergers and acquisitions? In the practical sense, you might think about a huge undertaking for a both the buyer and the seller. The negotiations might unfold as a multi-party decision-making situation and the integration process as different streams of technical, business, personnel and cultural changes. Integration […]<\/p>\n","protected":false},"author":30,"featured_media":420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[22,185],"class_list":["post-419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-en","tag-accounting","tag-ma"],"acf":[],"yoast_head":"\n
\nSenior lecturer, Digital Business and Programming at SeAMK<\/em><\/p>\n