000 02623nam a22004215i 4500
001 978-3-8350-9637-0
003 DE-He213
005 20161121231010.0
007 cr nn 008mamaa
008 100301s2007 gw | s |||| 0|eng d
020 _a9783835096370
_9978-3-8350-9637-0
024 7 _a10.1007/978-3-8350-9637-0
_2doi
050 4 _aHD28-70
072 7 _aKJC
_2bicssc
072 7 _aBUS041000
_2bisacsh
082 0 4 _a658.4092
_223
100 1 _aStraub, Thomas.
_eauthor.
245 1 0 _aReasons for Frequent Failure in Mergers and Acquisitions
_h[electronic resource] :
_bA Comprehensive Analysis /
_cby Thomas Straub.
264 1 _aWiesbaden :
_bDeutscher Universitätsverlag :
_bImprint: Deutscher Universitätsverlag,
_c2007.
300 _aXIV, 227 p.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
520 _aDespite 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.
650 0 _aBusiness.
650 0 _aManagement.
650 0 _aLeadership.
650 1 4 _aBusiness and Management.
650 2 4 _aBusiness Strategy/Leadership.
650 2 4 _aManagement.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783835008441
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-8350-9637-0
912 _aZDB-2-SBE
950 _aBusiness and Economics (Springer-11643)
999 _c507055
_d507055