The handbook of mergers and acquisitions
By: edited by David Faulkner, Satu Teerikangas, Richard J. Joseph
Publisher: Oxford University Press
Published: 2012
Place of publication: Oxford
Language: eng
ISBN-13: 9780199601462
Subjects: Consolidation and merger of corporations; BUSINESS & ECONOMICS / Mergers & Acquisitions
Description: "With its inception at the end of the nineteenth century as a means of consolidation and reorganization, mergers and acquisitions (M&A) have since become quasi-institutionalized as one of the primary strategic options for organizations, as they seek to secure their position in an ever more competitive and globalizing market place. Despite the optimism surrounding M&A as strategic moves, research on post-merger company performance suggests that most firms engaging in M&A activity do not achieve the sought-after performance targets, either immediately or in the years following the deal. What is it that drives M&A activity when research results do not support the performance expectations of these undertakings? Alternatively, have M&A scholars got it all wrong in the way that M&A performance is measured? Is the topic too complex, enduring, and multifaceted to study?  The handbook argues that the field of M&A is in need of a re-rooting: past research needs to be critically reviewed, and fundamental assumptions revisited. A key issue preventing efforts in the practice and study of M&A from achieving dynamic syntheses has been the disciplinary gulf separating strategy, finance, and human relations schools. The handbook aims to bridge the hitherto separate disciplines engaged in the study and practice of M&A to provide more meaningful results.  Toward this end, the handbook brings together a set of prominent and emerging scholars and practitioners engaged in the study of M&A to provide thought-provoking, state of the art overviews of M&A through four specific 'lenses' - strategic, financial, socio-cultural, and sectoral approaches. By summarizing key findings in current research and exploring ways in which the differing approaches could and should be 'synthesized', it aims to highlight the key issues facing M&A practitioners and academics at the dawn of the third millennium"--

"The handbook bridges hitherto separate disciplines engaged in research in mergers and acquisitions (M&A) to integrate strategic, financial, socio-cultural, and sectoral approaches to the field. It examines the management processes involved, as well as valuations and post-acquisition performance, and considers international and sectoral dimensions"--
Notes: Includes bibliographical references and indexes.
Table of contents: title: Machine generated contents note:; title: 1. Introduction / David Faulkner, Satu Teerikangas, and Richard J. Joseph; title: Section I: A Strategic Lens for M&A; title: 2. A Review of the Merger and Acquisition Wave Literature / Kalin Kolev, John Haleblian, and Gerry McNamara; title: 3. M&A Typologies: A Review / Duncan Angwin; title: 4. Creating Value through M&A: Challenges and Opportunities / Michel Hitt, David King, Hema Krishnan, Marianna Makri, Mario Schijven, Katsuhiko Shimizu, and Hong Zhu; title: 5. Unbundling Acquisition Performance: How Do they Perform and How Can This Be Measured? / Ioannis Thanos and Vassilis Papadakis; title: 6. Acquisitions, Acquisition Programs and Acquisition Capabilities / Thomas Keil, Tomi Laamanen, and Aino Makisalo; title: Section II A Financial Lens for M&A; title: 7. Pre-deal Management / Brendan McSweeney and Elina Happonen; title: 8. Value Creation and Value Appropriation in M&A Deals / Sudi Sudarsanam; title: 9. Structuring the Transaction / Richard J. Joseph and Bill Ryan; title: 10. Acquiring Distressed and Bankrupt Concerns / Scott Moeller and Maria Carapeto; title: 11. Takeover Strategies, Competitive Bidding and Defensive Tactics / Brendan McSweeney; title: 12. Leveraged Buyouts / Viktoria Dalko; title: 13. Shareholder Value: a Driver of M&A Activity / Bill Ryan; title: Section III: A Socio-Cultural Lens for M&A; title: 14. Post-M&A Integration: An Overview / Satu Teerikangas and Richard J. Joseph; title: 15. Individual Response to Mergers and Acquisitions / Susan Cartwright; title: 16. Culture in M&A: A Critical Synthesis and Steps Forward / Satu Teerikangas and Philippe Very; title: 17. Country Cultural Differences in Acquisition Management / David Faulkner, Robert Pitkethly, and John Child; title: 18. Knowledge Management in Mergers and Acquisitions / Sajjad Jasimuddin; title: 19. A Social Identity Analysis of Mergers and Acquisitions / Steffen Giessner, Johannes Ullrich, and Rolf van Dick; title: 20. Power and Politics in M&A / Janne Tienari and Eero Vaara; title: 21. Silent Forces Shaping the Performance of Cross-border Acquisitions / Satu Teerikangas; title: Section IV: A Sectorial Lens for M&A; title: 22. Characteristics of Emerging Market Mergers and Acquisitions / Harbir Singh and Prashant Kale; title: 23. Financial Mergers and Acquisitions: From Regulation to Strategic Repositioning to Geo-economics / Gary A. Dymski; title: 24. Mergers between Professional Service Firms: How the Big 8 Became the Big 5 / Nicholas Fairclough and Samantha Fairclough; title: 25. Examining Resource and Expectational Ambiguity in Technology M&A Integration / Annette Ranft, Adelaide Wilcox King, and Jennifer C. Sexton; title: 26. Characteristics of Biotechnology Mergers and Acquisitions / Lars Schweizer; title: Section V: Synthesis; title: 27. A Synthesis / David Faulkner, Satu Teerikangas, and Richard J. Joseph; title: Appendix 1: M&A Motives, Definitions, and Defining Characteristics.