Abstract Research interest in firms repeatedly involved in acquisitions has increased over the past decade. However, this increase has remained unmatched by efforts to integrate what is known, leaving the acquisition experience research field scattered, in turn hampering further theoretical and empirical progress. Taking a broad approach to experience, we review 106 empirical studies published in leading journals that focus on the effects of past acquisitions on subsequent ones. We discover three distinct but complementary ways in which research has dealt with experience. Moreover, research on acquisition experience has drawn conclusions on three important but insufficiently integrated levels of analysis. Our review delineates and systematises the current theoretical and empirical progress in acquisition experience research and outlines a future research agenda.

中文翻译：

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解开收购经验：多层次分析和未来研究议程

摘要 在过去的十年中，对反复参与收购的公司的研究兴趣有所增加。然而，这种增长与整合已知知识的努力相比仍然是无与伦比的，使获取经验研究领域变得分散，进而阻碍了进一步的理论和实证进展。我们采用广泛的经验方法，回顾了发表在主要期刊上的 106 项实证研究，这些研究侧重于过去的收购对后续收购的影响。我们发现了研究处理经验的三种不同但互补的方式。此外，对购置经验的研究已经在三个重要但未充分整合的分析层次上得出了结论。