Research on the Effectiveness of Mergers and Acquisitions - Frontiers in Management Library

Author: Qiu Ming
Publisher:
Publish Date: 2006-03-01
Features: Mergers and acquisitions are advanced and complex activities in corporate behavior. Western countries have over a century of history in corporate mergers and acquisitions, but their success rate has remained low. Against the backdrop of significant development in domestic mergers and acquisitions, how to improve their success rate by addressing the complexity of these activities has become an urgent issue for domestic academia to research and resolve. This book draws on the analytical methods of Western economics, based on a comprehensive analysis of existing domestic and international literature and case studies of mergers and acquisitions, and conducts a meaningful systematic and innovative exploration of improving the success rate of corporate mergers and acquisitions within the specific economic environment of China. It provides a relatively comprehensive overview of the effectiveness of mergers and acquisitions in both domestic and international theories and empirical research. It systematically reviews five global waves of mergers and acquisitions and three domestic waves, delving into their effectiveness. The book proposes reasonable motivations for merger and acquisition strategies and the basic models of strategic mergers and acquisitions. It analyzes the emergence, role definition, selection criteria, and responsibilities of integration managers in mergers and acquisitions. It elaborates on a deep understanding of the realization of synergies in mergers and acquisitions and dissects the pathways to achieving synergies in these transactions. By constructing an effectiveness model for corporate mergers and acquisitions, it reveals the mechanisms of corporate-level effectiveness in these activities.