How to Create Value
- New Perspectives on the Modern Corporation series
Chapter 2: Data and empirical evidence on M & A performance
In this chapter data on M & As is presented, with a particular focus on the period 2005_ 2012. Data points out that M & A is a very widespread strategy through which firms grow. What about the real outcomes of M & As around the world? To answer this question we have analysed some significant empirical studies made in the last years. The results show that a large percentage of M & As reduce the value of the acquiring firm or do not produce significant increase in value. In other words, a large part of M & As do not produce the estimated synergies and the results expected by the shareholders of the acquiring firm. All this stimulates the need to find solutions for reducing the percentage of M & A failures.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.