Reasons for frequent failure in Mergers and Acquisitions

A Comprehensive Analysis

Produkt bewerten

Thomas Straub

Verlag:

Deutscher Universitätsverlag

Unsere-Artikel-Nr.: P35453721

EAN: 9783835008441

Erhältlich:

Nicht auf Lager

Zustellung: Di, 01.09.2026

Versand: Kostenlos

-11.6 %

CHF 69.–

CHF 61.–

Beschreibung

Despite the goal of performance improvement, results from mergers and acquisitions (M&A) are often disappointing. Numerous empirical studies show high failure rates of M&A deals. Studies are mostly focused on individual determinants. The literature therefore lacks a more comprehensive framework that includes different perspectives. Using four statistical methods, Thomas Straub shows that M&A performance is a multi-dimensional function. For a successful deal, the following key success factors should be taken into account: Strategic logic which is reflected by six determinants: market similarities, market complementarities, operational similarities, operational complementarities, market power, and purchasing power. Organizational integration which is reflected by three determinants: acquisition experience, relative size, cultural compatibility. Financial / price perspective which is reflected by three determinants: acquisition premium, bidding process, and due diligence. All 12 variables are presumed to affect performance either positively or negatively. Post-M&A performance is measured by synergy realization, relative performance (compared to competition), and absolute performance.

Spezifikationen

Sprache

Englisch

Autor

Thomas Straub
Prof. Dr. Dr. José-Carlos Jarillo

Zielgruppe

Research

Erscheinungsjahr

2007

Format

Buch (Softcover)

Anzahl Seiten