Reasons for Frequent Failure in Mergers and Acquisitions: A Comprehensive Analysis
Using four statistical methods, Thomas Straub shows that M&A performance is a multi-dimensional function of: strategic logic, organizational behavior, and financial aspects.
What people are saying - Write a review
We haven't found any reviews in the usual places.
acquiring firm acquisition experience acquisition performance acquisition premium bidding process Churchill 1999 company's competence comprehensive model constructs convergent validity cultural differences diversification due diligence economic economies of scale effect on M&A empirical Figure financial aspects Finkelstein 1999 firm's free cash flow Haspeslagh and Jemison Hitt inner model integration Kusewitt Larsson and Finkelstein latent variables Lubatkin M&A activities M&A performance original managerial market complementarity market power market similarity measure Mergers and Acquisitions model loadings Multiple Regression Multiple Regression Analysis Organizational Behavior Factors original sample estimate outcomes outer loadings Partial Least Squares performance original sample perspective post-M&A performance potential production operation complementarity production operation similarity purchasing power questionnaire Ravenscraft and Scherer relatedness relationship relative respect of M&A shareholders Simple Regression Analysis Sirower standard errors strategic logic Strategic Management Journal structural diagram synergy realization T-statistic Significance T-values Table theory Trautwein 1990 University of Geneva variance explained R2