英语翻译A study that has attempted to identify the effect on per

英语翻译A study that has attempted to identify the effect on performance across phases is by Capron and Pistre (2002),who examine evaluation of the partner (Pre1) through consideration of the extent to which due dili-gence could be progressed thoroughly before striking the acquisition deal,with postacquisition integration speed (Post3).More time to carry out due diligence enables a more detailed and accurate picture of the target at the point of ownership to shorten the learning curve required after the acquisition to get to know the target company in-depth and so should reduce the length of time required for postacquisition integration.These pioneering studies suggest that Figure 1 offers many potential opportunities for researching link-ages between combinations of success factors along the M&A process.In fact,each variable,and combination of variables in the premerger stage,may show poten-tial for connection with each variable,or combination of variables,in the postmerger stage.Furthermore,any possible relationships among variables in the pre-merger stage with any connections among variables in the postmerger stage may bring better performance to M&A.Thus,hundreds of research propositions may be established based on various combinations of variables identified in Figure 1.Studying these interactions may help explain why simple relationships between a critical success factor and acquisition outcomes are often dif-ficult to detect and enable a richer picture of the M&A process to be developed.