Leeds University

Business School

Assessed Coursework Coversheet

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Student ID Number:

Module Code: LUBS2415

Module Title: Research Methods in International Business

Module Leader: Emma Liu

Declared Word Count: 1,996

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 Artificial Intelligence in Mergers and Acquisitions:
A discussion of key views, themes and the perceived risk-reward trade-off

Introduction (322 words, without research rationale)

Artificial Intelligence (AI) continues to fundamentally transform the Merger and Acquisition (M&A)
function. A 2018 study suggested that “over 60% of large cap companies are utilising AI tools for
M&A transactions” (Siebecker, 2020, p.108). These companies are exploiting AI to identify M&A
targets, enhance the efficiency and effectiveness of the M&A process, create contracts and
agreements and to enhance the financial success of the deal. However, there are concerns as to
whether individuals can consistently develop accurate technology, remain in control and whether
the use of technology ensures appropriate accountability (Calvert, 2018).

The growth of machine learning means that roles and responsibilities in the M&A process have been,
and will continue to be, changed by technology. For example, businesses have delegated routine and
repetitive tasks to AI such as customer service, scheduling meetings and writing reports (Tokmakov,
2019). More recently, AI has adopted more administrative, decision-making roles within M&A,
automating more complex tasks such as assessing international regulations and legislation, and
enhancing predictions of future international market trends (Globalisation Partners, 2020).
Ultimately, AI has the potential to eliminate the need for board-level human capital and become a
single “robo-director” (Tokmakov, 2019, p.3).

Further literature has identified concerns associated with the evolution of AI in the boardroom.
Siebecker (2020, p.98) highlights that “identifying the proper parameters within which to use AI
remains of utmost importance” and a growing body of literature on the role of AI in corporate
governance has directed the reader to considerations around corporate law and liability (Turluev
and Hadjieva, 2021; Hilb, 2020; Tokmakov, 2019). However, limited attention has been given to the
views of AI in international M&A processes from the perspective of the individuals held responsible
and accountable for stakeholder outcomes.

In light of this, the purpose of this study is to examine the insights of analysts, researchers, managers
and executives through qualitative interviews to understand and analyse the views of using AI in
international M&A decision-making processes.

Research Design (ca. 1000 words)

Research Ethics (150 words)
Research Quality (270 words)
Alternative Way (250 words)
Bibliography (19 references)