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Journal articles on the topic 'Motives for mergers'

Author: Grafiati

Published: 4 June 2021

Last updated: 18 February 2022

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1

Evripidou, Loukia. "M&As in the airline industry: motives and systematic risk." International Journal of Organizational Analysis 20, no. 4 (2012): 435–46. http://dx.doi.org/10.1108/19348831211268625.

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PurposeThe purpose of the current study was first to identify the motives for mergers, and second to examine the effect of mergers on the systematic risk of bidder firms in the airline industry.Design/methodology/approachTo evaluate the effect of mergers in the systematic risk, two different market models are estimated for each company in the sample, one with pre‐merger data and one with post‐merger data. Then the results obtained from the two data sets are compared so as to identify possible differences.FindingsThe study has identified three diving motives behind the merges, namely cost effic

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Majumdar, Sumit K., Rabih Moussawi, and Ulku Yaylacicegi. "Merger Motives and Technology Deployment: A Retrospective Evaluation." Antitrust Bulletin 65, no. 1 (2020): 120–47. http://dx.doi.org/10.1177/0003603x19898903.

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The nature of post-merger technological progress outcomes is unclear, with theoretical and empirical literature being inconclusive and equivocal. We contend that merger motives materially drive post-merger outcomes and that post-merger outcomes vary significantly because merger motives vary. Hence, assessments of post-merger outcomes should take into account such motives, by the use of suitable statistical constructs. Our retrospective study has empirically assessed post-merger technology deployment patterns in the US telecommunications industry over a considerable recent historical period of

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Sedláček, Jaroslav, Petr Valouch, and Alois Konečný. "Synergic motives and economic success of mergers of Czech companies." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 61, no. 7 (2013): 2721–27. http://dx.doi.org/10.11118/actaun201361072721.

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One of the motives for mergers and acquisitions is the synergy effect, which can take several forms. This paper tries to find out whether mergers implemented at the Czech market bring positive or negative synergies. The basis of our investigation is the database of the companies that implemented a merger within 2001–2009; out of these, the companies that published their financial statements in a digitalized form were selected. We monitored the development of six indicators characterizing the economic status of a company. The values of these indicators were compared for all participating compan

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Pathak, Hari Prasad. "Motives for Mergers and Acquisitions in the Nepalese Perspective." Economic Literature 13 (February 8, 2018): 9. http://dx.doi.org/10.3126/el.v13i0.19146.

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<p>This paper attempts to identify the motives of mergers and acquisitions in the Nepalese financial sector.Questionnaire survey method is used to obtain the views of randomly selected 122 bankers of 21 post-merged financial institutions.A two-stage multivariate procedure is used to identify the important factors that drive the merger of financial institutions.In the first stage, an exploratory factor analysis is performed using ten statements that were put in the Likert scale in the questionnaire. In the second stage, important motives of mergers are determined by conducting an ordinary

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5

Soundarya, M. Baby, S. Moghana Lavanya, and S. Hemalatha. "Merger and Acquisition of Business Organization and Its Impact on Human Resources." Journal of Business Strategy Finance and Management 1 and 2, no. 1 and 2 (2019): 69–72. http://dx.doi.org/10.12944/jbsfm.01.0102.07.

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There is an assumption that, when merger and acquisition takes place, two companies join together will have greater value than the companies functioning alone, ie., to create synergy. Merger and acquisition among the companies are gaining its momentum, due to the enhanced competition among the corporates in domestic and the global market. This paper discusses about merger and acquisition and the motives behind it. Some mergers and acquisitions are unsuccessful due to some factors like financial, marketing and operational issues. Human resource problems in the merged companies also resulted in

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Schilling, Melissa A. "Potential Sources of Value from Mergers and Their Indicators." Antitrust Bulletin 63, no. 2 (2018): 183–97. http://dx.doi.org/10.1177/0003603x18770068.

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Firms engage in mergers for many reasons, some of which create value for both the firm’s shareholders and society, some that create value only for the firm’s shareholders, and some that fail even to do that. A considerable body of research concludes that most mergers do not create value for anyone, except perhaps the investment bankers who negotiated the deal. For a merger to create value, it will usually be necessary that one or both parties is below minimum efficient scale or has valuable underutilized assets. Furthermore, unless heavy coordination and long-term commitment are required, many

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Banga, Charu, and Amitabh Gupta. "Motives for Mergers and Takeovers in the Indian Mutual Fund Industry." Vikalpa: The Journal for Decision Makers 37, no. 2 (2012): 33–42. http://dx.doi.org/10.1177/0256090920120204.

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The Indian industry has seen a phenomenal consolidation through a spate of mergers and takeovers during the last decade. The mutual fund industry in India is no exception. It therefore becomes very important to understand the motives of mergers and takeovers in the Indian mutual fund industry. However, there is a significant difference between a corporate merger and the merger of a mutual fund. The present study uses various motives (variables) of corporate mergers and takeovers that fit in case of motives for mergers and takeovers of mutual fund schemes. As far as India is concerned, this is

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Ratajczak-Mrozek, Milena. "The SME perspective on motives and success factors in cross-border mergers." IMP Journal 9, no. 2 (2015): 136–62. http://dx.doi.org/10.1108/imp-04-2015-0015.

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Purpose – The purpose of this paper is to address two research questions. First: what causes an small and medium enterprises (SME) to engage in a merger with a multinational group and thereby change its relationships and to start functioning in a hierarchical structure which may be viewed as being the integration of a weaker entity by a stronger and bigger one? And second: what causes the successful continuation of a cross-border merger project from the perspective of an SME? Design/methodology/approach – The concept of the network position is adopted to undertake a longitudinal study of an IT

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Brahma, Sanjukta, Agyenim Boateng, and Sardar Ahmad. "Motives of mergers and acquisitions in the European public utilities." International Journal of Public Sector Management 31, no. 5 (2018): 599–616. http://dx.doi.org/10.1108/ijpsm-01-2017-0024.

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Purpose The purpose of this paper is to investigate the motivation and post-merger operating performance (OP) of European utility sectors following mergers and acquisitions (M&A). Design/methodology/approach Motives behind M&A are examined by looking into the relationships between total gains, target gains and acquirer gains. Post-merger OP is measured by comparing the sample of European utilities with a matched portfolio based on size and market to book ratio with respect to five accounting indicators: growth in turnover, growth in earnings before interest and tax, return on assets, n

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Postma, Jeroen, and Anne-Fleur Roos. "Why healthcare providers merge." Health Economics, Policy and Law 11, no. 2 (2015): 121–40. http://dx.doi.org/10.1017/s1744133115000304.

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AbstractIn many OECD countries, healthcare sectors have become increasingly concentrated as a result of mergers. However, detailed empirical insight into why healthcare providers merge is lacking. Also, we know little about the influence of national healthcare policies on mergers. We fill this gap in the literature by conducting a survey study on mergers among 848 Dutch healthcare executives, of which 35% responded (resulting in a study sample of 239 executives). A total of 65% of the respondents was involved in at least one merger between 2005 and 2012. During this period, Dutch healthcare pr

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Ben Letaifa, Wissal. "Mergers and acquisitions: A synthesis of theories and directions for future research." Risk Governance and Control: Financial Markets and Institutions 7, no. 1 (2017): 71–74. http://dx.doi.org/10.22495/rgcv7i1art9.

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The purpose of this paper is to review a synthesis of theories and empirical studies dealing with the mergers and acquisitions in the recent decay in an attempt to provide directions for future research. The review focuses on four main streams including: first, the motives for mergers-acquisitions; which are the strategic profits, the overconfidence of managers and the desire to create a big empire resulting from merger. From second, corporate characteristics of firms that did merger or acquisition; third, the economic consequences of the operation of merger and acquisition and finally; fourth

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Sedláček, Jaroslav, Eva Hýblová, and Petr Valouch. "Motives for Combinations of Trading Companies." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 63, no. 1 (2015): 271–80. http://dx.doi.org/10.11118/actaun201563010271.

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The subject of this paper is an analysis of the development of activities at the European as well as the Asian market of foreign direct investments (FDI) and mergers and acquisitions (M & A). Causes of mergers and acquisitions and their development mainly in the period after the financial and economic world crisis are examined. A partial study focused on the merger market in the Czech Republic. The analysis results show that FDI inward dominate in the Asian market in contrast to more developed European and American markets where prevail FDI outward. The motivations for the activities in M

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Duksaitė, Eglė, and Rima Tamošiūnienė. "Why Companies Decide to Participate in Mergers and Acquisition Transactions." Mokslas - Lietuvos ateitis 1, no. 3 (2011): 21–25. http://dx.doi.org/10.3846/145.

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The article describes the most common motives for companies’ decision to participate in mergers and acquisitions’ transactions. It underlines the importance of the growth factor, whereas the following factors – namely, synergy, diversification and so on – just support the growth motive. Since mergers and acquisitions involve two different parties – the buyer and the seller – the examples of reasons from both perspectives are provided too.

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Malik, Muhammad Faizan, Melati Ahmad Anuar, Shehzad Khan, and Faisal Khan. "Mergers and Acquisitions: A Conceptual Review." International Journal of Accounting and Financial Reporting 1, no. 1 (2014): 520. http://dx.doi.org/10.5296/ijafr.v4i2.6623.

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From the last few decades, maximum studies focused to understand the importance of going into the deal of Mergers & Acquisitions (M&A). The current study examined the motivation to recognize either the assumed benefits of the deal of Mergers and Acquisitions have posted increase or not. The current study calculated whether the deal is beneficial or harmful for the organizations who want to enter into the deal of M&A. The study scrutinizes the issues by using the perspective of history, waves, motives and methods to determine Merger and acquisition value. The study focuses on the cu

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Olie, René. "Shades of Culture and Institutions-in International Mergers." Organization Studies 15, no. 3 (1994): 381–405. http://dx.doi.org/10.1177/017084069401500304.

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This article explores merger integration processes in the international context and the way in which the merged companies cope with difficulties emanating from firm-specific and nation-specific differences. The first part of the article discusses the consolidation process in general. Four factors are identified that define the significance of this process: (1) the degree of compatibility of adminis trative practices, management styles, organizational structures or organizational cultures; (2) the kind and degree of post-merger consolidation; (3) the extent to which parties value and want to re

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Amihud, Yakov, Peter Dodd, and Mark Weinstein. "Conglomerate mergers, managerial motives and stockholder wealth." Journal of Banking & Finance 10, no. 3 (1986): 401–10. http://dx.doi.org/10.1016/s0378-4266(86)80029-2.

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Okoeguale, Kevin I., and Robert Loveland. "Telecommunications deregulation and the motives for mergers." Journal of Economics and Business 94 (November 2017): 15–31. http://dx.doi.org/10.1016/j.jeconbus.2017.08.002.

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Anjalidaisy, S., and C. Vijayabanu. "A STUDY ON THE MAGNITUDE OF HUMAN RESOURCE IN SUN AND RANBAXY MERGER." Asian Journal of Pharmaceutical and Clinical Research 10, no. 1 (2016): 29. http://dx.doi.org/10.22159/ajpcr.2017.v10i1.14890.

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ABSTRACTSun Pharmaceutical is a trailblazer in Indian pharmaceutical sector, and one of the foremost competitors in the generic drug market sets its eye onRanbaxy. Sun pharmacy which was established in 1983 listed from 1994 has its upper hand in product development. Ranbaxy was incorporated in1973, and Daiichi Sankyo, a Japanese firm, got a controlling share from 2008. This amalgamation between Sun Pharmacy and Ranbaxy would getprofitable transaction for the former. The process of the coalition was a cloak and dagger affair until April 6, 2014. Before mergers and acquisitions,a company has to

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Walsh, Philip R., and Olalekan Ajibade. "Determining the efficacy of consolidating municipal electric utilities in Ontario, Canada." International Journal of Energy Sector Management 13, no. 2 (2019): 298–317. http://dx.doi.org/10.1108/ijesm-07-2018-0017.

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Purpose This paper aims to examine empirically if the encouragement by government policy of merger and acquisition activity involving municipal and provincially owned electricity distribution utilities (LDCs) in the Province of Ontario has had positive effects in terms of value creation, operating performance and economies of scale. Design/methodology/approach It was anticipated that with LDC consolidation, there will be increased operational efficiency and improvement in the cost-effectiveness of the merged electrical utility. Using matched pairs dependent t-testing and Wilcoxon signed-rank t

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Buyvolov, Denis A. "Approaches to Defining Motives in Mergers and Acquisitions." Tyumen State University Herald. Social, Economic, and Law Research 4, no. 1 (2018): 201–11. http://dx.doi.org/10.21684/2411-7897-2018-4-1-201-211.

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Svetina, Marko. "Managerial Motives in Mergers: Propensity Score Matching Approach." Managerial and Decision Economics 33, no. 7-8 (2012): 537–47. http://dx.doi.org/10.1002/mde.2565.

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Шњегота, Душко, та Дражена Вујичић Радисављевић. "Информациона моћ биланса спајања у функцији схватања значаја и примјене правила билансирања // The merger balance information power in function of understanding importance and application of the balancing rules". ACTA ECONOMICA 12, № 20 (2014): 191. http://dx.doi.org/10.7251/ace1420191s.

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Резиме: У току животног вијека, предузећа могу да доживе и промјену статуса пословања. Статусне промјене представљају начин реорганизације предузећа, а једна од њих је спајање, које има два облика: спајање са припајањем и спајање са оснивањем. Трансакција спајања може бити и пословна комбинација уколико испуњава услов пословања.Мотиви спајања су бројни и разноврсни, а најчешћи мотив спајања предузећа је могућност остваривања синергије. Регулаторни оквир који регулише ову област је прилично широк, разноврстан и креиран од стране различитих институција. Након спајања, важно је да се корисницима,

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Geiger, Florian, and Dirk Schiereck. "The influence of industry concentration on merger motives—empirical evidence from machinery industry mergers." Journal of Economics and Finance 38, no. 1 (2011): 27–52. http://dx.doi.org/10.1007/s12197-011-9202-y.

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Liang, Shuang, Johannes Ullrich, Rolf Dick, and Anna Lupina‐Wegener. "The intergroup sensitivity effect in mergers and acquisitions: Testing the role of merger motives." Journal of Applied Social Psychology 51, no. 8 (2021): 769–78. http://dx.doi.org/10.1111/jasp.12785.

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Florio, Massimo, Matteo Ferraris, and Daniela Vandone. "Motives of mergers and acquisitions by state-owned enterprises." International Journal of Public Sector Management 31, no. 2 (2018): 142–66. http://dx.doi.org/10.1108/ijpsm-02-2017-0050.

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Purpose This paper looks at state-owned enterprises (SOEs) from the angle of the market for corporate control and analyzes in detail the reported rationales of a sample of 355 mergers and acquisition (M&A) deals performed by SOEs as acquirers over the period 2002-2012. The purpose of this paper, after having created a taxonomy of deal motivations, is to empirically test two alternative hypotheses: deviation vs convergence of M&A deal rationales between state-owned and private enterprises. Design/methodology/approach The data set is obtained by combining firm-level information from two

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Connor, John M., and Frederick E. Geithman. "Mergers in the food industries: Trends, motives, and policies." Agribusiness 4, no. 4 (1988): 331–46. http://dx.doi.org/10.1002/1520-6297(198807)4:4<331::aid-agr2720040404>3.0.co;2-y.

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Raj, Mahendra, and Md Hamid Uddin. "Bidder motivation and long-term performance of UK mergers." Corporate Ownership and Control 8, no. 2 (2011): 227–38. http://dx.doi.org/10.22495/cocv8i2c1p7.

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Earlier studies reported that bidders significantly underperform in the long-term post-acquisition period, but a growing body of literature shows that bidders’ long-term underperformance is not an obvious phenomenon. Many theories exist regarding the motivation towards initiation of a corporate takeover by acquisition bidding. This study has examined three major motivations of corporate acquisitions (hostile, hubris, and synergy) separately and measured the market performance of bidding firm over a long-horizon period. Bidders and targets are identified from a sample of completed UK takeovers

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NIRMALA, Dr S., and ARUNA G. "A Literature Review of Mergers and Acquisitions." INTERNATIONAL JOURNAL OF MANAGEMENT & INFORMATION TECHNOLOGY 5, no. 1 (2013): 435–39. http://dx.doi.org/10.24297/ijmit.v5i1.4498.

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An extensive review of literature has been carried out in order to get a good understanding in the topic of Mergers and Acquisitions. Literature review has been done from books, journal, published papers etc.The issues covered include Motives, Share value creation, Financial performance, operating performance. These studies have been reviewed and presented in the following manner. Literature review has been collected from both within India and outside India.

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Shaban, Osama Samih, Zaid Al-hawatmah, and Ahmad Adel Abdallah. "Mergers and acquisitions in Jordan: Its motives and influence on company financial performance and stock market price." Corporate Ownership and Control 16, no. 2 (2019): 67–72. http://dx.doi.org/10.22495/cocv16i2art7.

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This research paper focuses on recent business trend in Jordan which attracted us as researchers to investigate Merger & Acquisition’s ability to create and realize more value than the parties can alone, and whether the value earned by the merged firms have motivated them to contribute to the combination. The method used to analyze post-merger financial performance was carried out by adopting the accounting return method and the stock price method, which measures and observes the stock market price in terms of market value, earnings per share (EPS), and price earnings ratio (P/E) of the me

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Masulis, Ronald W., and Serif Aziz Simsir. "Deal Initiation in Mergers and Acquisitions." Journal of Financial and Quantitative Analysis 53, no. 6 (2018): 2389–430. http://dx.doi.org/10.1017/s0022109018000509.

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We investigate the effects of target initiation in M&As. We find target-initiated deals are common and that important motives for these deals are target economic weakness, financial constraints, and negative economy-wide shocks. We determine that average takeover premia, target abnormal returns around merger announcements, and deal value to EBITDA multiples are significantly lower in target-initiated deals. This gap is not explained by weak target financial conditions. Adjusting for self-selection, we conclude that target managers’ private information is a major driver of lower premia in t

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Pandya, Viral Upendrabhai. "Mergers and Acquisitions Trends – The Indian Experience." International Journal of Business Administration 9, no. 1 (2017): 44. http://dx.doi.org/10.5430/ijba.v9n1p44.

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This paper measures the mergers and acquisitions sector of India from 1991 to 2010 with the help of time-series data along with major recent worldwide developments. The time series analysis makes clear the trend in mergers and acquisitions activity in India and is categorized broadly three ways, namely, the era of consolidation (1991 – 1995), the era of foreign acquisitions (1995 – 2002) and the era of venturing abroad (2002 – 2012). It is valuable to take note of the impact of recent changes in the economic, political and social environment of the world in different sectors and sub-sectors of

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Ochirova, Elena, and Yury Dranev. "The Impact of R&D Expenditure upon the Efficiency of M&A Deals with Hi-Tech Companies." Foresight and STI Governance 15, no. 1 (2021): 31–38. http://dx.doi.org/10.17323/2500-2597.2021.1.31.38.

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The motives behind merger and acquisitions (M&A) are often linked with the opportunities to obtain knowledge and technologies in order to enhance the competitive advantages of companies. In particular, the acquisition of digital technologies through mergers and acquisitions with ICT companies is especially relevant. However, the efficiency of such deals is often low and calls into question the implementation of digitalization strategies of companies. In this study we employ an approach for assessing the efficiency of M&A deals with ICT companies by using the DEA method. Applying regres

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El Zuhairy, Hatem, Ahmed Taher, and Ingy Shafei. "Post-Mergers and Acquisitions: The Motives, Success Factors and Key Success Indicators." Eurasian Journal of Business and Management 3, no. 2 (2015): 1–11. http://dx.doi.org/10.15604/ejbm.2015.03.02.001.

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AMIT, RAPHAEL, JOSHUA LIVNAT, and PAUL ZAROWIN. "A classification of mergers and acquisitions by motives: Analysis of market responses." Contemporary Accounting Research 6, no. 1 (1989): 143–58. http://dx.doi.org/10.1111/j.1911-3846.1989.tb00750.x.

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Lee, Donghyun. "Cross-border mergers and acquisitions with heterogeneous firms: Technology vs. market motives." North American Journal of Economics and Finance 42 (November 2017): 20–37. http://dx.doi.org/10.1016/j.najef.2017.06.003.

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Nguyen, Hien Thu, Kenneth Yung, and Qian Sun. "Motives for Mergers and Acquisitions: Ex-Post Market Evidence from the US." Journal of Business Finance & Accounting 39, no. 9-10 (2012): 1357–75. http://dx.doi.org/10.1111/jbfa.12000.

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Rani, Puspita, Elvia R. Shauki, Darminto Darminto, and Ruslan Prijadi. "Motives, governance, and long-term performance of mergers and acquisitions in Asia." Cogent Business & Management 7, no. 1 (2020): 1791445. http://dx.doi.org/10.1080/23311975.2020.1791445.

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Ochirova, Elena. "Literature Review of Mergers and Acquisitions with the Aim to Obtain Technology and Knowledge." Journal of Corporate Finance Research / Корпоративные Финансы | ISSN: 2073-0438 13, no. 4 (2019): 87–94. http://dx.doi.org/10.17323/j.jcfr.2073-0438.13.4.2019.87-94.

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Technological transformation of the economy is pushing companies to create or improve their technological capabilities. One of the ways to acquire technology and knowledge that allows companies to remain competitive is mergers and acquisitions (M&A). The efficiency and motives of M&A transactions with motivation of obtaining new technology and knowledge are the subject of a large number of studies. The contradictory results of studies of technological M&A transactions can be explained by the gaps of the empirical analysis or the weakness of the theoretical knowledge. The purpose of

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Chirico, Francesco, Luis R. Gómez-Mejia, Karin Hellerstedt, Michael Withers, and Mattias Nordqvist. "To Merge, Sell, or Liquidate? Socioemotional Wealth, Family Control, and the Choice of Business Exit." Journal of Management 46, no. 8 (2019): 1342–79. http://dx.doi.org/10.1177/0149206318818723.

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We take the perspective that considering the affective motives of dominant owners is essential to understanding business exit. Drawing on a refinement of behavioral agency theory, we argue that family-controlled firms are less likely than non-family-controlled firms to exit and tend to endure increased financial distress to avoid losses to the family’s socioemotional wealth (SEW) embodied in the firm. Yet, when confronted with different exit options and when performance heuristics suggest that exit is unavoidable, family firms are more likely to exit via merger, which we argue saves some SEW,

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Han, Chunjia, and Stephen Rhys Thomas. "Why are China's companies doing overseas M&As? The case of Geely and Volvo." Emerald Emerging Markets Case Studies 2, no. 8 (2012): 1–7. http://dx.doi.org/10.1108/20450621211317636.

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Subject area Mergers and acquisitions, corporate strategy. Study level/applicability This case could be applied in several courses: a mergers and acquisitions (M&A) course, to introduce the various motives for firms doing M&A, a strategy course exploring a company's strategy exploration and decision processes, or in a marketing course as an example about emerging and global market interaction. The target audience is primarily final year or Masters' and MBA students. It would also be useful for executive education seminars. Case overview The Case provides learning opportunities about ho

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Dranove, David, and Mark Shanley. "Cost reductions or reputation enhancement as motives for mergers: The logic of multihospital systems." Strategic Management Journal 16, no. 1 (1995): 55–74. http://dx.doi.org/10.1002/smj.4250160107.

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Lehto, Eero. "Motives to restructure industries: Finnish evidence of cross-border and domestic mergers and acquisitions." Papers in Regional Science 85, no. 1 (2006): 1–22. http://dx.doi.org/10.1111/j.1435-5957.2006.00023.x.

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Seong-Ho Cho. "Motives for Mergers and Acquisitions under Turbulent and Liquidity-Scarce Environment: Learning from Korean Cases." Seoul Journal of Business 13, no. 2 (2007): 35–58. http://dx.doi.org/10.35152/snusjb.2007.13.2.002.

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Hontar, Daria D., Y. S. Tropitsyna, and Victoria M. Ostapenko. "MOTIVES OF REALIZATION OF AGREEMENTS OF MERGERS AND ACQUISITIONS IN THE BANKING SECTOR OF UKRAINE." Financial and credit activity: problems of theory and practice 2, no. 23 (2017): 31–37. http://dx.doi.org/10.18371/fcaptp.v2i23.121160.

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Manocha, Pavan, and Jagjit Singh Srai. "Exploring Environmental Supply Chain Innovation in M&A." Sustainability 12, no. 23 (2020): 10105. http://dx.doi.org/10.3390/su122310105.

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Organisations are challenged with executing innovation for sustainable development within the context of their operations and value networks—networks which are increasingly fuelled by mergers and acquisitions (M&As), and which accounted for USD 4 trillion in global deal value in 2019. While outcomes from M&As may produce mixed results, merger synergies fundamentally change the environmental, social and governance (ESG) footprint of an organisation and its product-supply chain. These compounding challenges of innovation for sustainability and ESG product-supply chain due diligence are n

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Hassan, Mohamad, and Evangelos Giouvris. "Bank mergers: the cyclical behaviour of regulation, risk and returns." Journal of Financial Economic Policy 13, no. 2 (2021): 256–84. http://dx.doi.org/10.1108/jfep-03-2020-0043.

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Purpose The purpose of this paper is to examine the effects of bank mergers on systemic and systematic risks on the relative merits of product and market diversification strategies. It also observes determinants of M&A deals criteria, product and market diversification positioning, crisis threshold and other regulatory and market factors. Design/methodology/approach This research examines the impact and association between merger announcements and regulatory reforms at bank and system levels by investigating the impact of various bank consolidation strategies on firms’ risks. We estimate b

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Lang, Daniel W. "The Future of Merger What Do We Want Mergers To Do: Efficiency or Diversity?" Canadian Journal of Higher Education 33, no. 3 (2003): 19–46. http://dx.doi.org/10.47678/cjhe.v33i3.183439.

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Mergers have been a frequent phenomenon in higher education in the last quarter century. The conventional wisdom is that mergers are undertaken mainly for economic reasons, either to expand markets or to reduce costs. About four out of five college or university mergers survive. In the for-profit sector the comparable rate is closer to two out of five. From this one might conclude that the future for mergers among colleges and universities is robust. If, however, the principal purpose of mergers is economic efficiency, there logically ought to be a point beyond which the efficacy of merger wil

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Jiang, Yanqing, Jian Yuan, and Mengmeng Zeng. "A Game Theoretic Study of Enterprise Mergers and Acquisitions: The Case of RJR Nabisco Being Acquired by KKR." Business and Management Studies 2, no. 2 (2016): 21. http://dx.doi.org/10.11114/bms.v2i2.1552.

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There are both macro- and micro-level studies concerning enterprise mergers and acquisitions (M&A). Past studies have focused on M&A valuation, utility of the M&A motives and the strategic behavior during of the M&A process. Few game theory methods in the application of M&A stay mostly in the analysis of Nash equilibrium under the complete information static game. This paper thus aims to analyze the M&A behavior of enterprises within the framework of incomplete information dynamic game, combined with sub-game perfect Nash equilibrium of complete information dynamic game

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Osarenkhoe, Aihie, and Akmal Hyder. "Marriage for better or for worse? Towards an analytical framework to manage post-merger integration process." Business Process Management Journal 21, no. 4 (2015): 857–87. http://dx.doi.org/10.1108/bpmj-07-2014-0070.

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Purpose – A review of extant literatures shows that most mergers fail during the integration process. Little is known about how the realization of operating synergies and dissemination of available know-how in the merged firm are managed in the post-merger phase. The purpose of this paper is to provide insights on the process of integrating operating synergies by focusing on the critical success factors that facilitate integration of the skills of merged banks. Design/methodology/approach – The authors draw on three research traditions in merger literature and reconcile them with three dimensi

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Liang, Qin, Ningxu Li, and Jie Li. "How Are the Determinants of Emerging Asia's Cross-Border Mergers and Acquisitions Inflows Different from Outflows?" Asian Economic Papers 17, no. 1 (2018): 123–44. http://dx.doi.org/10.1162/asep_a_00594.

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This paper investigates whether the determinants of mergers and acquisitions (M&A) inflows are different from those of outflows in emerging Asia. We use an augmented gravity model with bilateral cross-border M&A data from 2000 to 2015 for 13 emerging Asian countries. We find that the stock market size of the source country matters for both M&A inflows and outflows. In addition, the motives of firms seeking foreign markets, natural resources, and lower labor costs drive both M&A inflows and outflows. Finally, both the bank credit and the stock market liquidity of the source coun

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