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Creating Value from Mergers and Acquisitions is the first book to provide a comparative analysis of the M&A scene in Europe and the US, the two most active markets in the world. Now in its second edition it continues to develop an international and multidisciplinary perspective of M&A, and considers M&A as a process and not a mere transaction. The author draws upon economics, finance, strategy, law, organisational theories to formulate a five-stage model and emphasises the need to understand the interconnected nature of these stages. The book’s central focus in on the challenges to using M&A…mehr

Produktbeschreibung
Creating Value from Mergers and Acquisitions is the first book to provide a comparative analysis of the M&A scene in Europe and the US, the two most active markets in the world. Now in its second edition it continues to develop an international and multidisciplinary perspective of M&A, and considers M&A as a process and not a mere transaction. The author draws upon economics, finance, strategy, law, organisational theories to formulate a five-stage model and emphasises the need to understand the interconnected nature of these stages. The book’s central focus in on the challenges to using M&A as an instrument to create shareholder value, how M&A risks can be mitigated and how odds of success in acquisitions can me increased.

Creating Value from Mergers and Acquisitions is suitable for those studying advanced undergraduate and MBA courses in industrial organisations, finance, business strategy, and corporate governance, as well as those preparing for professional exams. The rigorous integration of the conceptual, empirical, and practical aspects of M&A means that researchers and practitioners will also find this book extremely useful.

Product Description
Creating Value from Mergers and Acquisitions is the first book to provide a comparative analysis of the M&A scene in Europe and the US, the two most active markets in the world. Now in its second edition it continues to develop an international and multidisciplinary perspective of M&A, and considers M&A as a process and not a mere transaction. The author draws upon economics, finance, strategy, law, organisational theories to formulate a five-stage model and emphasises the need to understand the interconnected nature of these stages. The book’s central focus in on the challenges to using M&A as an instrument to create shareholder value, how M&A risks can be mitigated and how odds of success in acquisitions can me increased.

Creating Value from Mergers and Acquisitions is suitable for those studying advanced undergraduate and MBA courses in industrial organisations, finance, business strategy, and corporate governance, as well as those preparing for professional exams. The rigorous integration of the conceptual, empirical, and practical aspects of M&A means that researchers and practitioners will also find this book extremely useful.

Features + Benefits

Short illustrations in every chapter highlight standard practices and explain complex issues

User-friendly tables and figures make complex empirical data easier to comprehend.

Most chapters contain a short case study to highlight important issues.

Case studies and review questions enable further discussion and study

Chapter overviews

Provides a balanced treatment of M&A, drawing upon the conceptual, empirical, and practitioner perspectives

Emphasises critical examination and empirical validation of theoretical predictions

Backcover
“Simply a ‘must read’ for all persons who require a broad understanding of the various issues involving planning and executing acquisitions and mergers”—Tom Berglund, Professor of Finance, Swedish School of Economics and Business Administration, Helsinki, Finland.

Creating Value from Mergers and Acquisitions the Challenges is the first book to provide a comparative analysis of the M&A scene in Europe and the US, the two most active markets in the world. Now in its second edition it continues to develop an international and multidisciplinary perspective of M&A, and considers M&A as a process and not a mere transaction. The author draws upon economics, finance, strategy, law, organisational theories to formulate a five-stage model and emphasises the need to understand the interconnected nature of these stages. The book’s central focus in on the challenges to using M&A as an instrument to create shareholder value, how M&A risks can be mitigated and how odds of success in acquisitions can be increased.

Classic features:

Short illustrations in every chapter highlight standard practices and explain complex issues

User-friendly tables and figures make complex empirical data easier to comprehend

Most chapters contain a short case study to highlight important issues.

Case studies and review questions enable further discussion and study

Chapter overviews at the end of each chapter highlight the discussions implications for M&A practice

Provides a balanced treatment of M&A, drawing upon the conceptual, empirical, and practitioner perspectives

Emphasises critical examination and empirical validation of theoretical predictions

New to this edition:

Creating Value from Mergers and Acquisitions the Challenges is suitable for those studying advanced undergraduate and MBA courses in industrial organisations, finance, business strategy, and corporate governance, as well as those preparing for professional exams. The rigorous integration of the conceptual, empirical, and practical aspects of M&A means that researchers and practitioners will also find this book extremely useful.

Sudi Sudarsanam is a Professor of Finance and Corporate Control at Cranfield School of Management, UK.

CONTENTS

Preface to the second edition
Preface to the first edition
Author's Acknolwedgements
Publisher’sacknowledgements

1 Introduction

Part One

HISTORIC, CONCEPTUAL AND PERFORMANCE OVERVIEW OF MERGERS AND ACQUISITIONS

2 Historical overview of mergers and acquisitions activity

3 Alternative perspectives on mergers

4 Are acquisitions successful?

Part Two

CORPORATE STRATEGY AND ORGANIZING FOR ACQUISITIONS

5 Sources and limits of value creation in horizontal and related mergers

6 Sources and limits of value creation in vertical mergers

7 Sources and limits of value creation in conglomerate acquisitions

8 Cross-border acquisitions

9 Strategic alliances as an alternative to mergers and acquisitions

10 Corporate divestiture

11 Leveraged buyouts &n
Creating Value from Mergers and Acquisitions is the first book to provide a comparative analysis of the M&A scene in Europe and the US, the two most active markets in the world. Now in its second edition it continues to develop an international and multidisciplinary perspective of M&A, and considers M&A as a process and not a mere transaction. The author draws upon economics, finance, strategy, law, organisational theories to formulate a five-stage model and emphasises the need to understand the interconnected nature of these stages. The book's central focus in on the challenges to using M&A as an instrument to create shareholder value, how M&A risks can be mitigated and how odds of success in acquisitions can me increased. Creating Value from Mergers and Acquisitions is suitable for those studying advanced undergraduate and MBA courses in industrial organisations, finance, business strategy, and corporate governance, as well as those preparing for professional exams. The rigorous integration of the conceptual, empirical, and practical aspects of M&A means that researchers and practitioners will also find this book extremely useful.
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Autorenporträt
Sudi Sudarsanam is a Professor of Finance and Corporate Control at Cranfield School of Management, UK.