Review of Literature Linking Corporate Performance to Mergers and Acquisitions

Review of Literature Linking Corporate Performance to Mergers and Acquisitions
Title Review of Literature Linking Corporate Performance to Mergers and Acquisitions PDF eBook
Author Tariq Hassaneen Ismail
Publisher
Pages
Release 2011
Genre
ISBN

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The purpose of this paper is to synthesize and analyze prior literature of mergers and acquisitions (Mamp;A) and its effects on the financial performance in an attempt to determine factors that might influence post-mergers and acquisitions performance. The main conclusion is that there are inconclusive results among studies on the literature, where, corporate performance is improved in some cases but not in others. Previous studies are using varieties of measures to examine the impact of Mamp;A on corporate performance, where measures might be accounting measures-based, market measures-based, mixed measures, or qualitative measures-based. In addition, there is a dispute regarding the factors that affect the reported performance, where eight factors might affect performance as follows: (1) method of payment (Cash or Stock), (2) book to market ratio, (3) type of merger or acquisition transaction (related or unrelated), (4) cross-boarder versus domestic Mamp;A, (5) mergers versus tender offers, (6) firm size, (7) macro economic conditions, and (8) time period of transaction. Managers should be aware of the impact of such factors on post-merger corporate performance to accurately evaluate proposed offers of mergers and acquisitions and take sound decisions.

Advances in Mergers and Acquisitions

Advances in Mergers and Acquisitions
Title Advances in Mergers and Acquisitions PDF eBook
Author Cary L. Cooper
Publisher Emerald Group Publishing
Pages 160
Release 2021-09-29
Genre Business & Economics
ISBN 1800717210

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Volume 20 of Advances in Mergers and Acquisitions explores a range of issues relevant to a post-Covid world and the ensuing recession and is of interest to scholars in strategic management, organization theory, and organizational behaviour who are studying questions around mergers and acquisitions.

Mergers and Acquisitions

Mergers and Acquisitions
Title Mergers and Acquisitions PDF eBook
Author David R. King
Publisher Routledge
Pages 158
Release 2018-10-30
Genre Business & Economics
ISBN 042989080X

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The process of identifying and evaluating a target firm, completing a deal after its negotiation and announcement, and then integrating a target firm after legal combination is a multi-year process with uncertain returns to acquiring firms. Research on mergers and acquisitions (M&As) is progressing rapidly yet it remains fragmented across multiple research perspectives that largely examine different acquisition phases separately and coincide with a focus on different research variables. As a result, research fragmentation means that a researcher in one area may be unaware of research from related areas that is likely relevant. This contributes to research silos with M&A research displaying different traditions, starting points, and assumptions. Mergers and Acquisitions: A Research Overview summarizes the frontier in M&A research and provides insights into where it can be expanded. It undertakes the needed integration and reconciliation of research in order to derive practical knowledge for managing acquisitions from beginning to end, providing a summary of what is known and its implications for future research. This concise overview reconciles and integrates the state of the art in our understanding of mergers and acquisitions, providing an essential first stopping point in the research journey of students and scholars working in this area.

The Determinants and Effects of Mergers

The Determinants and Effects of Mergers
Title The Determinants and Effects of Mergers PDF eBook
Author Dennis C. Mueller
Publisher Cambridge, Mass. : Oelgeschlager, Gunn & Hain ; Königstein/Ts. : Verlag A. Hain
Pages 402
Release 1980
Genre Business & Economics
ISBN

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The Impact of Merger and Acquisition Activities on Corporate Performance Measured on an Accounting and Market Base

The Impact of Merger and Acquisition Activities on Corporate Performance Measured on an Accounting and Market Base
Title The Impact of Merger and Acquisition Activities on Corporate Performance Measured on an Accounting and Market Base PDF eBook
Author Malwina Woznik
Publisher
Pages 118
Release 2013-08
Genre
ISBN 9783656476061

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Master's Thesis from the year 2013 in the subject Business economics - Controlling, grade: 1,3, University of Cologne (Seminar fur allgemeine BWL und Controlling), language: English, abstract: "Warren Buffett swallows Heinz: Sauce for the sage" - a typical takeover announcement was published lately on 14th February 2013. Warren Buffett, a well known inves tor, acquired along with the financial investor 3G Capital the H. J. Heinz Company for $ 28 billion. This is likely to become the largest transaction in the food industry. The company's stock price rose more than 20.0 percent after the publication which is a very characteristic reaction to deal announcements. Hence, the important question is, if transactions, such as the takeover of the H. J. Heinz Company, affect the corporate performance consistently. In general, the core idea about mergers and acquisitions (M&A) is to generate additional future growth if for example organic growth is limited. If two companies merge or a target is bought by another company (the acquirer), shareholders believe in synergy effects. These are revenue enhancements, cost reductions, tax gains and reduced capital requirements leading to business growth and thus to a higher value of the new company. However, it is questionable if this theory can also be experienced in the real world. Ever since the effects of M&A have been analysed, the market of the United States (US) was used as data source. This is plausible due to the fact that the very first information was well recorded for US companies. It is remarkable that literature contributes very little research on Europe, although the number of announced European transactions is comparable to those of the US. For example, in 2007 the European deals volume overtook the one from the United States of America (USA) for the first time. Moreover, research on single European countries almost never exists or only rarely. One exception is the United Kingdom (UK) with an early takeover history begin

Advances in Mergers and Acquisitions

Advances in Mergers and Acquisitions
Title Advances in Mergers and Acquisitions PDF eBook
Author Cary L. Cooper
Publisher Emerald Group Publishing
Pages 189
Release 2012-01-02
Genre Business & Economics
ISBN 1780521960

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Focuses on the studies of the advances in mergers and acquisitions from scholars in different countries, with different research questions, relying on different theoretical perspectives. This title helps scholars think about mergers and acquisitions in different ways.

The Handbook of Mergers and Acquisitions

The Handbook of Mergers and Acquisitions
Title The Handbook of Mergers and Acquisitions PDF eBook
Author David Faulkner
Publisher Oxford University Press, USA
Pages 773
Release 2012-06-07
Genre Business & Economics
ISBN 0199601461

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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.