منابع مشابه
Investor Sentiments, Ill-Advised Acquisitions,
We hypothesize that the root cause of many goodwill write-offs—managers’ public admission of ill-advised corporate acquisitions—is the overpriced shares of buyers at acquisition. Overpriced shares provide managers with strong incentives to invest, and particularly to acquire businesses, even at excessive prices, and doubtful strategic fit, in order to buy themselves out of the problem—overprice...
متن کاملMergers and Acquisitions
what a merger is and how it differs from an acquisition; some of the reasons why companies merge; the underlying merger rationales; what a merger driver is; what the primary merger drivers are; the difference between horizontal integration, vertical integration and conglomeration; the basic merger lifecycle and lifecycle phases; some basic measures of success for mergers; the ...
متن کاملEmployee Rights and Acquisitions
This paper examines the outcomes of corporate acquisitions from the perspective of stakeholdershareholder agency conflicts. Using state variation in labor rights laws, we find that acquirers with strong labor rights experience lower announcement returns. The effect can be attributed to such acquirers pursuing deals that are not in the best interest of the acquirer’s shareholders. The negative e...
متن کاملMergers and acquisitions: caution
They say fools of venture where angels fear to tread . Up until now , there's been no precedent for a successful technology merger of the size of the HP and Compaq merger. The most quoted failure is the merger of computer vendors Burroughs and Sperry. In 1986 these two merged their dissimilar operations and very different corporate cultures. Unisys, the resulting company, briefly held second pl...
متن کاملInternationalize Mergers and Acquisitions
As globalization processes, an increasing number of companies use mergers and acquisitions as a tool to achieve company growth in the international business world. The purpose of this thesis is to investigate the process of an international M&A and analyze the factors leading to success. The research started with reviewing different academic theory. The important aspects in both pre-M&A phase a...
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ژورنال
عنوان ژورنال: Against the Grain
سال: 2004
ISSN: 2380-176X
DOI: 10.7771/2380-176x.4283