Corporate Mergers and Acquisitions Theory

Author: Fan Ruguo
Publisher:
Publish Date: 2004-10-01
Features: Mergers and acquisitions (M&A) are complex capital operations, requiring theoretical guidance. This book closely connects with the actual domestic and international M&A practices, keeps pace with the forefront of M&A theory development, emphasizes qualitative and quantitative research, and combines theory with empirical analysis. It elaborates in detail on the basic theories of M&A, the methods of M&A, anti-acquisition strategies and tactics, M&A financing, MBO (Management Buyout), economic evaluation and valuation of target companies, corporate spin-offs and asset divestitures, M&A and antitrust, post-M&A integration and synergy, cross-border M&A, and M&A risks. It incorporates new M&A theories such as the core competitiveness theory, option incentive theory, employee stock ownership plan (ESOP) theory, and game theory, while also introducing a large number of typical domestic and international M&A cases in recent years.