The Handbook of Mergers and Acquisitions by David Faulkner, Hardcover | Indigo Chapters

With its inception at the end of the nineteenth century as a means of consolidation and reorganization, mergers and acquisitions (MandA) have since become quasi-institutionalized as one of the primary strategic options for organizations, as they seek to secure their position in an ever morecompetitive and globalizing market place. Despite the optimism surrounding MandA as strategic moves, research on post-merger company performance suggests that most firms engaging in MandA activity do not achieve the sought-after performance targets, either immediately or in the years following thedeal. What is it that drives MandA activity when research results do not support the performance expectations of these undertakings? Alternatively, have MandA scholars got it all wrong in the way that MandA performance is measured? Is the topic too complex, enduring, and multifaceted to study?The Handbook argues that the field of MandA is in need of a re-rooting: past research needs to be critically reviewed, and fundamental assumptions revisited. A key issue preventing efforts in the practice and study of MandA from achieving dynamic syntheses has been the disciplinary gulf separatingstrategy, finance, and human relations schools. The Handbook aims to bridge the hitherto separate disciplines engaged in the study and practice of MandA to provide more meaningful results. Toward this end, the Handbook brings together a set of prominent and emerging scholars and practitioners engaged in the study of MandA to provide thought-provoking, state of the art overviews of MandA through four specific 'lenses' - strategic, financial, socio-cultural, and sectoral approaches. Bysummarizing key findings in current research and exploring ways in which the differing approaches could and should be 'synthesized', it aims to highlight the key issues facing MandA practitioners and academics at the dawn of the third millennium. | The Handbook of Mergers and Acquisitions by David Faulkner, Hardcover | Indigo Chapters