..................................................................................................................................................... 24 Introduction................................................................................................................................................. 24 Methodology...........................................................................

The fifth merger wave in the USA and the parallel fourth merger wave in the UK that occurred in the 1990s was characterised by a large number of acquisitions of firms operating in high technology areas such as the telecommunications, computers, the Internet, biotechnology, communications etc. These mergers accompanied and, in fact, were triggered by stunningly high market valuations of high tec...

The strategy of mergers and acquisitions (M&As) have gained in popularity over the last decade. This paper studied the effect of M&As and technology-driven M&As on post-M&A technological innovation performance of acquiring firms and builted theory model “strategic motives-different types of acquisitions-technological performance” based on the logic mentality "motivation-conduction-performance" ...

This paper examines the employment effects of acquisitions for acquired European firms taking non-random selection of acquisition targets explicitly into account. Following the empirical firm growth literature and theories put forward in the mergers and acquisition (M&A) literature we control for convergence dynamics in firm size and distinguish between different types of acquisitions. Empirica...

The existence of product complementarities is especially relevant in network-type industries, such as information technology and communications, where systems of complementary components made by different manufacturers have to be assembled. Relying on the characteristics of software markets and drawing on the economic theory of complementarity, this paper investigates how complementarity create...

Original scientific paper Mergers and Acquisitions (M&A) have a long history but unfortunately a very short lifespan. The high degree of their failure opens up old issues and requires new answers. This paper presents an original view on Mergers and Acquisitions applying the scientific method of analogy with soap bubbles, with a special attention devoted to the ’hard’ and ’soft’ indicators of M&...

This article has two related tasks. First, we review the articles published in this Special Issue on Corporate Control, Mergers, and Acquisitions. These articles provide new evidence on several aspects of corporate control and governance including the value and performance effects of various ownership groups, the impact of internal governance structures, the effects of regulatory changes on spe...