How to Create Value
- New Perspectives on the Modern Corporation series
Chapter 3: Making M & As create value: an analytical model for evaluating M & As
The high percentage of failures highlights the need to define more precisely the purpose of an M & A and use more effective models for evaluating and managing M & As. To offer a contribution for reducing the percentage of failures in M & As, we believe it is necessary, first of all, to acknowledge that the ultimate aim of a corporation is to create value for its shareholders. Then, it is necessary to define analytical models and procedures suitable for properly evaluating and implementing M & As to create value. With this in mind, we will analyse the general conditions necessary for reaching this objective.
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