The Determinants and Effects of Mergers

The Determinants and Effects of Mergers PDF Author: Dennis C. Mueller
Publisher: Cambridge, Mass. : Oelgeschlager, Gunn & Hain ; Königstein/Ts. : Verlag A. Hain
ISBN:
Category : Business & Economics
Languages : en
Pages : 392

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The Determinants and Effects of Mergers

The Determinants and Effects of Mergers PDF Author: Dennis C. Mueller
Publisher: Cambridge, Mass. : Oelgeschlager, Gunn & Hain ; Königstein/Ts. : Verlag A. Hain
ISBN:
Category : Business & Economics
Languages : en
Pages : 392

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Economic Determinants and Effect of Mergers

Economic Determinants and Effect of Mergers PDF Author: Henk Peer
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Economic Determinants and Effects of Mergers in France

Economic Determinants and Effects of Mergers in France PDF Author: F. Jenny
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Predicting the Competitive Effects of Mergers by Listening to Customers

Predicting the Competitive Effects of Mergers by Listening to Customers PDF Author: Kenneth Heyer
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 56

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Demand Elasticities in Antitrust Analysis

Demand Elasticities in Antitrust Analysis PDF Author: Gregory Werden
Publisher:
ISBN:
Category : Antitrust law
Languages : en
Pages : 66

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The Impact of Merger and Acquisition Activities on Corporate Performance Measured on an Accounting and Market Base

The Impact of Merger and Acquisition Activities on Corporate Performance Measured on an Accounting and Market Base PDF Author: Malwina Woznik
Publisher: GRIN Verlag
ISBN: 3656475709
Category : Business & Economics
Languages : en
Pages : 115

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Master's Thesis from the year 2013 in the subject Business economics - Controlling, grade: 1,3, University of Cologne (Seminar für allgemeine BWL und Controlling), language: English, abstract: “Warren Buffett swallows Heinz: Sauce for the sage” – a typical takeover announcement was published lately on 14th February 2013. Warren Buffett, a well known inves tor, acquired along with the financial investor 3G Capital the H. J. Heinz Company for $ 28 billion. This is likely to become the largest transaction in the food industry. The company's stock price rose more than 20.0 percent after the publication which is a very characteristic reaction to deal announcements. Hence, the important question is, if transactions, such as the takeover of the H. J. Heinz Company, affect the corporate performance consistently. In general, the core idea about mergers and acquisitions (M&A) is to generate additional future growth if for example organic growth is limited. If two companies merge or a target is bought by another company (the acquirer), shareholders believe in synergy effects. These are revenue enhancements, cost reductions, tax gains and reduced capital requirements leading to business growth and thus to a higher value of the new company. However, it is questionable if this theory can also be experienced in the real world. Ever since the effects of M&A have been analysed, the market of the United States (US) was used as data source. This is plausible due to the fact that the very first information was well recorded for US companies. It is remarkable that literature contributes very little research on Europe, although the number of announced European transactions is comparable to those of the US. For example, in 2007 the European deals volume overtook the one from the United States of America (USA) for the first time. Moreover, research on single European countries almost never exists or only rarely. One exception is the United Kingdom (UK) with an early takeover history beginning in the 1960s. However, European countries should be analysed separately because of its high diversity regarding the accounting framework, the corporate governance or the legal and regulation structure. For instance, Germany is characterised by conservative accounting principles and a high regulation by the banking sector. These issues may also influence the M&A decision making process.

The Economic Assessment of Mergers Under European Competition Law

The Economic Assessment of Mergers Under European Competition Law PDF Author: Daniel Gore
Publisher: Cambridge University Press
ISBN: 1107007720
Category : Business & Economics
Languages : en
Pages : 559

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Book Description
Provides a clear, concise and practical overview of the key economic techniques and evidence employed in European merger control.

Determinants of Cost Efficiencies in Bank Mergers

Determinants of Cost Efficiencies in Bank Mergers PDF Author: Robert DeYoung
Publisher:
ISBN:
Category : Bank mergers
Languages : en
Pages : 44

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Corporate Takeovers

Corporate Takeovers PDF Author: Alan J. Auerbach
Publisher: University of Chicago Press
ISBN: 0226032167
Category : Business & Economics
Languages : en
Pages : 354

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Book Description
The takeover boom that began in the mid-1980s has exhibited many phenomena not previously observed, such as hostile takeovers and takeover defenses, a widespread use of cash as a means of payment for targeted firms, and the acquisitions of companies ranking among the largest in the country. With the aim of more fully understanding the implications of such occurances, contributors to this volume consider a broad range of issues as they analyze mergers and acquisitions and study the takeoveer process itself.

Bank Mergers & Acquisitions

Bank Mergers & Acquisitions PDF Author: Yakov Amihud
Publisher: Springer Science & Business Media
ISBN: 1475727992
Category : Business & Economics
Languages : en
Pages : 249

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Book Description
As the financial services industry becomes increasingly international, the more narrowly defined and historically protected national financial markets become less significant. Consequently, financial institutions must achieve a critical size in order to compete. Bank Mergers & Acquisitions analyses the major issues associated with the large wave of bank mergers and acquisitions in the 1990's. While the effects of these changes have been most pronounced in the commercial banking industry, they also have a profound impact on other financial institutions: insurance firms, investment banks, and institutional investors. Bank Mergers & Acquisitions is divided into three major sections: A general and theoretical background to the topic of bank mergers and acquisitions; the effect of bank mergers on efficiency and shareholders' wealth; and regulatory and legal issues associated with mergers of financial institutions. It brings together contributions from leading scholars and high-level practitioners in economics, finance and law.