Author: Florian Geiger
Publisher: Springer Science & Business Media
ISBN: 3834960497
Category : Business & Economics
Languages : en
Pages : 145
Book Description
Which motives initiate managers to merge or to acquire other corporations? While there is a long-lasting history of empirical research on M&A in a cross-industry context, our knowledge about industry specific drivers of M&A is more than limited. Given this background, the machinery industry is an attractive segment to address questions on M&A motives – as it is on the one hand a very fragmented industry and on the other hand a bundle of in some parts highly consolidated sub-industries. In his thesis, Mr. Geiger makes an effort to answer the question why firms in the machinery industry follow M&A strategies and how successful they are in their transactions. This is not only a remarkable endeavour because Mr. Geiger uses some hand selected unique datasets, but in particular, because he presents state-of-the-art analyses which are competitive and meet highest international standards. The thesis on hand carefully identifies and addresses open research questions related to M&A strategies in a very specific industry. Its primary objective was to identify M&A motives for different types of companies in various sub-segments of the machinery industry by analyzing stock price and accounting data. Thusly objectifying managerial action allows deriving recommendations for financing practice.
Mergers & Acquisitions in the Machinery Industry
Author: Florian Geiger
Publisher: Springer Science & Business Media
ISBN: 3834960497
Category : Business & Economics
Languages : en
Pages : 145
Book Description
Which motives initiate managers to merge or to acquire other corporations? While there is a long-lasting history of empirical research on M&A in a cross-industry context, our knowledge about industry specific drivers of M&A is more than limited. Given this background, the machinery industry is an attractive segment to address questions on M&A motives – as it is on the one hand a very fragmented industry and on the other hand a bundle of in some parts highly consolidated sub-industries. In his thesis, Mr. Geiger makes an effort to answer the question why firms in the machinery industry follow M&A strategies and how successful they are in their transactions. This is not only a remarkable endeavour because Mr. Geiger uses some hand selected unique datasets, but in particular, because he presents state-of-the-art analyses which are competitive and meet highest international standards. The thesis on hand carefully identifies and addresses open research questions related to M&A strategies in a very specific industry. Its primary objective was to identify M&A motives for different types of companies in various sub-segments of the machinery industry by analyzing stock price and accounting data. Thusly objectifying managerial action allows deriving recommendations for financing practice.
Publisher: Springer Science & Business Media
ISBN: 3834960497
Category : Business & Economics
Languages : en
Pages : 145
Book Description
Which motives initiate managers to merge or to acquire other corporations? While there is a long-lasting history of empirical research on M&A in a cross-industry context, our knowledge about industry specific drivers of M&A is more than limited. Given this background, the machinery industry is an attractive segment to address questions on M&A motives – as it is on the one hand a very fragmented industry and on the other hand a bundle of in some parts highly consolidated sub-industries. In his thesis, Mr. Geiger makes an effort to answer the question why firms in the machinery industry follow M&A strategies and how successful they are in their transactions. This is not only a remarkable endeavour because Mr. Geiger uses some hand selected unique datasets, but in particular, because he presents state-of-the-art analyses which are competitive and meet highest international standards. The thesis on hand carefully identifies and addresses open research questions related to M&A strategies in a very specific industry. Its primary objective was to identify M&A motives for different types of companies in various sub-segments of the machinery industry by analyzing stock price and accounting data. Thusly objectifying managerial action allows deriving recommendations for financing practice.
Mergers and Acquisitions in the Agricultural and Construction Equipment Industry
Mergers and Superconcentration: Acquisitions of 500 Largest Industrial and 50 Largest Merchandising Firms
Author: United States. Congress. House. Select Committee on Small Business
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 286
Book Description
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 286
Book Description
Mergers and Acquisitions Handbook for Small and Midsize Companies
Author: Thomas L. West
Publisher: John Wiley & Sons
ISBN:
Category : Business & Economics
Languages : en
Pages : 472
Book Description
In this book - the only mergers and acquisitions guide that focuses on small and midsize companies - experts from every profession and specialty related to the sale or acquisition of a business lead buyers and sellers step by step through each phase of the M & A process. Their aim is to help both parties avoid hazards and mistakes and arrive at a fair and mutually profitable arrangement. With 36 self-contained chapters that can be read in sequence or consulted independently, Mergers and Acquisitions for Small and Midsize Companies is both a comprehensive M & A tutorial for newcomers to the process and an indispensable reference for professionals involved in any aspect of the buying and selling of small and midsize companies.
Publisher: John Wiley & Sons
ISBN:
Category : Business & Economics
Languages : en
Pages : 472
Book Description
In this book - the only mergers and acquisitions guide that focuses on small and midsize companies - experts from every profession and specialty related to the sale or acquisition of a business lead buyers and sellers step by step through each phase of the M & A process. Their aim is to help both parties avoid hazards and mistakes and arrive at a fair and mutually profitable arrangement. With 36 self-contained chapters that can be read in sequence or consulted independently, Mergers and Acquisitions for Small and Midsize Companies is both a comprehensive M & A tutorial for newcomers to the process and an indispensable reference for professionals involved in any aspect of the buying and selling of small and midsize companies.
Mergers and Acquisitions, 1967-1971
Author: United States. Bureau of the Census
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 302
Book Description
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 302
Book Description
F.T.C. Statistical Report on Mergers and Acquisitions
Author: United States. Federal Trade Commission. Bureau of Economics
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 268
Book Description
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 268
Book Description
The Influence of Industry Concentration on Merger Motives
Author: Florian Geiger
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
By linking industrial organization theory and capital market research, we provide empirical evidence that merger motives of firms are influenced by their prevailing industry concentration. We analyze wealth effects on target, acquiring and rival firms for 330 transactions in the machinery industry between 1997 and 2007. We show that mergers in concentrated industries are primarily motivated to achieve productive efficiency gains. This seems surprising, as we rather expect monopolistic collusion motives. For fragmented industries, on the other hand, we observe both productive efficiency and monopolistic collusion motives for firm mergers. In the absence of wealth transfers there seems to be no indication for agency problems. Our findings suggest that the traditional research on merger motives falls short by not considering structural market differences in the form of industry concentration.
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
By linking industrial organization theory and capital market research, we provide empirical evidence that merger motives of firms are influenced by their prevailing industry concentration. We analyze wealth effects on target, acquiring and rival firms for 330 transactions in the machinery industry between 1997 and 2007. We show that mergers in concentrated industries are primarily motivated to achieve productive efficiency gains. This seems surprising, as we rather expect monopolistic collusion motives. For fragmented industries, on the other hand, we observe both productive efficiency and monopolistic collusion motives for firm mergers. In the absence of wealth transfers there seems to be no indication for agency problems. Our findings suggest that the traditional research on merger motives falls short by not considering structural market differences in the form of industry concentration.
Report on Corporate Mergers and Acquisitions, May 1955
Author: United States. Federal Trade Commission
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 32
Book Description
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 32
Book Description
The Present Trend of Corporate Mergers and Acquisitions
Author: United States. Federal Trade Commission
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 36
Book Description
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 36
Book Description
Report on the Present Trend of Corporate Mergers and Acquisitions
Author: United States. Federal Trade Commission
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 32
Book Description
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 32
Book Description