Predicting Post-acquisition Performance

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Publisher :
ISBN 13 :
Total Pages : 210 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Predicting Post-acquisition Performance by : David R. King

Download or read book Predicting Post-acquisition Performance written by David R. King and published by . This book was released on 2002 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Merger and acquisition (M&A) activity represents a major force in the global business environment, whether measured by the number or the value of deals. Even though existing research finds acquisitions, on average, do not improve firm performance, the dominant explanation for why firms pursue acquisitions is that they seek increased performance. There is a recognized need to model post-acquisition performance to help distinguish between acquisitions that will fail and those that will succeed. By addressing methodological shortcomings in existing post-acquisition performance research, the present research develops a model for predicting when acquisitions of high-technology targets result in improved performance. Implications for both theory and managerial practice are identified.

Financial Analysis of Mergers and Acquisitions

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Author :
Publisher : Springer Nature
ISBN 13 : 3030617696
Total Pages : 304 pages
Book Rating : 4.0/5 (36 download)

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Book Synopsis Financial Analysis of Mergers and Acquisitions by : Eli Amir

Download or read book Financial Analysis of Mergers and Acquisitions written by Eli Amir and published by Springer Nature. This book was released on 2021-02-02 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mergers and acquisitions (M&As) reshape the corporate landscape helping companies expand market share and gain a strategic advantage. The ability to understand and analyze these transactions is a crucial skill. The first step in acquiring that skill is being able to gather and analyse information on M&As from public sources, such as financial statements. This textbook helps its readers better analyze M&A transactions using information provided in financial statements. Covering accounting and reporting of consolidations, goodwill, non-controlling interests, step acquisitions, spin-offs, equity carve-outs, joint ventures, leveraged buyouts, disposal of subsidiaries, special purpose entities, and taxes, it focuses on the link between underlying economic events and the information in financial statements and how this link affects the assessment of corporate performance. The first part of the book provides description of the accounting rules governing M&A transactions, while the second part includes cases of M&A transactions. Each case focuses on a different element of an M&A transaction, and it is followed by a detailed solution with a complete analysis. Unlike other books in this field, this textbook focuses exclusively on accounting and financial analysis for graduate and upper undergraduate level courses in financial analysis, corporate finance, and financial accounting.

Knights, Raiders, and Targets

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Publisher : Oxford University Press
ISBN 13 : 0195364554
Total Pages : 562 pages
Book Rating : 4.1/5 (953 download)

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Book Synopsis Knights, Raiders, and Targets by : John C. Coffee

Download or read book Knights, Raiders, and Targets written by John C. Coffee and published by Oxford University Press. This book was released on 1988 with total page 562 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Post-Acquisition Management in China

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Publisher : Elsevier
ISBN 13 : 1780632231
Total Pages : 315 pages
Book Rating : 4.7/5 (86 download)

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Book Synopsis Post-Acquisition Management in China by : Yi He

Download or read book Post-Acquisition Management in China written by Yi He and published by Elsevier. This book was released on 2009-10-16 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mergers and acquisitions (M&As) are a vital strategy for companies attempting to expand and diversify in China. It has been widely accepted that post-acquisition management is critical for acquisition success. Post-Acquisition Management in China provides a systematic examination of post-acquisition management and its impact on performance after takeover in the acquired Chinese companies. It looks at the various aspects of post-acquisition management including the nature and processes of post-acquisition changes, integration and control, and the association between the performance and post-acquisition management. Reports on a pioneering systematic study on post-acquisition management in China. This kind of data has never been published before Based on extensive research data including 20 in-depth case studies and a survey of 300 companies Replicates previous studies of post-acquisition management conducted in the UK and Brazil and offers valuable comparison findings

Post-Acquisition Marketing

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Publisher : Lioncrest Publishing
ISBN 13 : 9781544519968
Total Pages : 134 pages
Book Rating : 4.5/5 (199 download)

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Book Synopsis Post-Acquisition Marketing by : Shiv Narayanan

Download or read book Post-Acquisition Marketing written by Shiv Narayanan and published by Lioncrest Publishing. This book was released on 2021-04-27 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: When you're acquired by Private Equity, the first one hundred days are critical. You need to grow revenue faster, be more profitable, and integrate additional companies, all while getting buy-in from investors. In this environment, ramping up your sales pipeline is a major component of meeting board expectations. In Post-Acquisition Marketing, Shiv Narayanan reveals how PE-backed companies can leverage marketing to scale faster and deliver on the investment thesis. With Shiv's proven framework, you'll learn exactly how to leverage data to secure a larger budget for marketing and drive more top-line revenue growth than ever before.

Advances in Mergers and Acquisitions

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Publisher : Emerald Group Publishing
ISBN 13 : 1781908370
Total Pages : 222 pages
Book Rating : 4.7/5 (819 download)

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Book Synopsis Advances in Mergers and Acquisitions by : Sydney Finkelstein

Download or read book Advances in Mergers and Acquisitions written by Sydney Finkelstein and published by Emerald Group Publishing. This book was released on 2013-07-24 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together the best research in acquisition strategy by leading scholars in the field of mergers and acquisitions. Important new findings in this volume detail how cultural considerations and differences help to predict the success or failure of an acquisition strategy.

The State of Post Acquisition Performance Literature: Where to from Here?

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Publisher :
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (946 download)

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Book Synopsis The State of Post Acquisition Performance Literature: Where to from Here? by :

Download or read book The State of Post Acquisition Performance Literature: Where to from Here? written by and published by . This book was released on 2001 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: The performance of firms after an acquisition is a central question for strategic management and is clearly of interest to managers considering an acquisition. A growing body of research has considered the question of post-acquisition performance; however, as a whole existing research in this area is largely a theoretical and the findings are equivocal. Organizational renewal is suggested as a potential theoretical lens, and a review of existing research identifies challenges and opportunities for future research on identifying factors driving post-acquisition performance.

Acquisitions and Corporate Strategy

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Publisher : Routledge
ISBN 13 : 100057380X
Total Pages : 223 pages
Book Rating : 4.0/5 (5 download)

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Book Synopsis Acquisitions and Corporate Strategy by : David R. King

Download or read book Acquisitions and Corporate Strategy written by David R. King and published by Routledge. This book was released on 2022-04-19 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate restructuring (acquisitions, alliances and divestment) is a visible form of corporate strategy. For example, firm investments in buying and selling assets exceed the gross domestic product of the majority of nations. Most research in this area examines acquisitions, but informing practice is limited by examining acquisitions in isolation or using a narrow focus. For example, a lingering problem is that average acquisition performance is consistently around zero, suggesting a need to identify practically relevant relationships. In addressing this need, research on three fundamental questions is covered: 1) How do acquisitions relate to other corporate strategy options?; 2) What helps to predict acquisition performance?; and 3) What are persistent acquisition research issues? The first question is intended to overcome a research limitation that acquisitions are often examined independent of other corporate strategies, including internal development, alliances, and divestment. The second question addresses novel relationships associated with the primary focus of acquisition research in examining what drives acquisition performance. The third question reflects on the underlying complexity of the phenomenon that makes it a challenge to identify what drives acquisition performance. Overall, the intent of presenting ideas on these fundamental questions is to illustrate promising areas for future research. This book presents the latest state of knowledge on the topic and will be of interest to researchers, academics, and advanced students in the fields of strategic management, international business, and organizational studies.

The Handbook of Mergers and Acquisitions

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Author :
Publisher : Oxford University Press, USA
ISBN 13 : 0199601461
Total Pages : 773 pages
Book Rating : 4.1/5 (996 download)

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Book Synopsis The Handbook of Mergers and Acquisitions by : David Faulkner

Download or read book The Handbook of Mergers and Acquisitions written by David Faulkner and published by Oxford University Press, USA. This book was released on 2012-06-07 with total page 773 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook bridges hitherto separate disciplines engaged in research in mergers and acquisitions (M&A) to integrate strategic, financial, socio-cultural, and sectoral approaches to the field. It examines the management processes involved, as well as valuations and post-acquisition performance, and considers international and sectoral dimensions.

The Oxford Handbook of Business Groups

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Publisher : Oxford Handbooks Online
ISBN 13 : 019955286X
Total Pages : 828 pages
Book Rating : 4.1/5 (995 download)

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Book Synopsis The Oxford Handbook of Business Groups by : Asli M. Colpan

Download or read book The Oxford Handbook of Business Groups written by Asli M. Colpan and published by Oxford Handbooks Online. This book was released on 2010-08-05 with total page 828 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook provides a comprehensive analysis of business groups around the world. It focuses on the adaptive and competitive capabilities of business groups and their evolutionary dynamics, as well as considering the historical and theoretical contexts of business groups.

The Corporate Board

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Publisher : Oxford University Press
ISBN 13 : 0195361393
Total Pages : 225 pages
Book Rating : 4.1/5 (953 download)

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Book Synopsis The Corporate Board by : Ada Demb

Download or read book The Corporate Board written by Ada Demb and published by Oxford University Press. This book was released on 1992-04-02 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written for practitioners, this book addresses corporate governance and the role of the board of directors in multinational corporations. Throughout the world, corporations are experiencing the second major transition in corporate governance of this century. The nature of the relationship between the corporation and the rest of society is changing fundamentally. The corporate board has unique responsibilities during this transition, but as it tries to respond directors are faced with destabilizing paradoxes: resolving who is in control--management or the board, achieving critical judgment while maintaining detachment, and avoiding becoming either a cozy club or a collection of all-stars. This book, based on interviews with 71 directors serving on more than 500 boards in eight countries, shows the nature of the challenges and suggests ways to analyze and confront them. This major international study compares the experiences of board members in Canada, Finland, France, Germany, Great Britain, the Netherlands, Switzerland, and Venezuela.

Mastering the Merger

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Publisher : Harvard Business Press
ISBN 13 : 9781422163405
Total Pages : 248 pages
Book Rating : 4.1/5 (634 download)

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Book Synopsis Mastering the Merger by : David Harding

Download or read book Mastering the Merger written by David Harding and published by Harvard Business Press. This book was released on 2004-11-04 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today's corporate deal makers face a conundrum: Though 70% of major acquisitions fail, it's nearly impossible to build a world-class company without doing deals. In Mastering the Merger, David Harding and Sam Rovit argue that a laserlike focus on just four key imperatives--before executives finalize the deal--can dramatically improve the odds of M&A success. Based on more than 30 years of in-the-trenches work on thousands of deals across a range of industries--and supplemented by extensive Bain & Co. research--Harding and Rovit reveal that the best M&A performers channel their efforts into (1) targeting deals that advance the core business; (2) determining which deals to close and when to walk away; (3) identifying where to integrate--and where not to; and (4) developing contingency plans for when deals inevitably stray. Top deal makers also favor a succession of smaller deals over complex "megamergers"--and essentially institutionalize a success formula over time. Helping executives zero in on what matters most in the complex world of M&A, Mastering the Merger offers a blueprint for the decisions and strategies that will beat the odds.

Does the Post-Acquisition Performance of Bidding Firms Depend on the Organizational Form of Targets Acquired?

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Author :
Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Does the Post-Acquisition Performance of Bidding Firms Depend on the Organizational Form of Targets Acquired? by : Syed Shams

Download or read book Does the Post-Acquisition Performance of Bidding Firms Depend on the Organizational Form of Targets Acquired? written by Syed Shams and published by . This book was released on 2013 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: A number of theoretical arguments such as corporate monitoring hypothesis, liquidity hypothesis and managerial motive hypothesis propose that the acquisitions of private targets are more value creating than the acquisitions of public targets. Using two large samples of acquirers of public targets and acquirers of private targets, we examine the post-acquisition operating performance of Australian bidders. The excess returns earned by these two samples during the announcement period reveal that the market perceives the acquisitions of private targets as value creating decisions while having a neutral view on the acquisitions of public targets. These findings corroborate existing evidence in the area while providing support for the relevant theories. An analysis of acquisition year financial profiles reveals that the acquirers of public targets are much larger in size, highly profitable and cash rich than the acquirers of private targets. Compared with acquisition-year performance, acquirers of public targets were able to maintain their performance in the post-acquisition years while the acquirers of private targets were able to show a significant improvement. However, when the industry-adjusted abnormal performance was analyzed, it was found that the former group outperformed their industry peers as well as the latter group by a significant margin. A number of bid and firm characteristics were found to have differential influences on the performance of two types of acquirers. Our sensitivity analyses revealed that the influences of bid and firm characteristics are somewhat sensitive to the benchmark used to generate abnormal performance and the scaling factor used to calculate performance measures.

Share Repurchases

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Author :
Publisher : Now Publishers Inc
ISBN 13 : 1933019166
Total Pages : 117 pages
Book Rating : 4.9/5 (33 download)

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Book Synopsis Share Repurchases by : Theo Vermaelen

Download or read book Share Repurchases written by Theo Vermaelen and published by Now Publishers Inc. This book was released on 2005 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: This survey derives some of the key results on the taxation of international investment in variants of one model of multinational investment.

The impact of cultural differences on the post-merger performance in international acquisitions

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Author :
Publisher : GRIN Verlag
ISBN 13 : 3668517746
Total Pages : 29 pages
Book Rating : 4.6/5 (685 download)

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Book Synopsis The impact of cultural differences on the post-merger performance in international acquisitions by : Ricardo Escoda

Download or read book The impact of cultural differences on the post-merger performance in international acquisitions written by Ricardo Escoda and published by GRIN Verlag. This book was released on 2017-09-05 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2017 in the subject Business economics - Miscellaneous, grade: 1,7, University of Augsburg, language: English, abstract: As the number of international mergers and acquisitions (M&As) increased formidable during the last decades, it is a highly discussed phenomenon, which is becoming more and more important (Erel et al., 2012). Nearly 30 years ago, in 1987, there have been merely 5.000 M&As worldwide, whereas in 2016 already 50.000 M&As were concluded and latest stats even predict increasing numbers of M&As. M&A experience might both harm and help post-merger performance in international acquisitions. As stated by Schoenberg (2000) national cultural differences mainly present a strong challenge for cross-border acquisitions. Since the initial financial expectations are met simply by one half of all M&As, cultural differences might be at fault for this high failure rate (Zollo and Meier, 2008). Given that cross-border M&As consolidate two or more different cultures, it has to be taken into consideration that incidents such as differing legislations, currencies, languages and cultural norms do play an essential role. As a result of those distinctions, costs to the integration process might occur and the capability of firms to achieve synergies might be subverted. Thereby, the expected economic advantages of the merger or acquisition will be affected, too. Key factors like the integration of the participating companies in each other and enormous adaptation operations are irrecoverable to accomplish synergies and advantages of M&As. The hypothesis whether national cultural differences between acquirers and targets are likely to undermine post-merger performance has been researched myriad. An appropriate classification reclines in whether cultural differences matter, when they matter, under what conditions and in which way they do. The elaboration of this paper is based on the theory of Hofstede (1980), who was one of the first to explicitly address the impact of culture on the integration process of M&As by explaining cultural differences might generate misunderstandings and conflicts between the two merging organisations. Hence the aim of our analysis is to dissect the impact of cultural differences on the post-merger performance in international acquisitions by focussing on two out of four dimensions of Hofstede (1980) by means of the works of Ahern et al. (2009) and Huang et al. (2017).

Advances in Mergers and Acquisitions

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Publisher : Emerald Group Publishing
ISBN 13 : 1780521960
Total Pages : 189 pages
Book Rating : 4.7/5 (85 download)

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Book Synopsis Advances in Mergers and Acquisitions by : Cary L. Cooper

Download or read book Advances in Mergers and Acquisitions written by Cary L. Cooper and published by Emerald Group Publishing. This book was released on 2012-01-02 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focuses on the studies of the advances in mergers and acquisitions from scholars in different countries, with different research questions, relying on different theoretical perspectives. This title helps scholars think about mergers and acquisitions in different ways.

Pre-Post Acquisition Comparison of Financial Performance of Companies

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Author :
Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783847373414
Total Pages : 80 pages
Book Rating : 4.3/5 (734 download)

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Book Synopsis Pre-Post Acquisition Comparison of Financial Performance of Companies by : Suruchi Juneja

Download or read book Pre-Post Acquisition Comparison of Financial Performance of Companies written by Suruchi Juneja and published by LAP Lambert Academic Publishing. This book was released on 2012 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Acquisitions are used to gain competitive advantage over other firms through gaining greater market share for improving competitiveness of companies and, entering new markets and geographies, capitalizing on economies of scale and broadening the portfolio to reduce business risk, etc. India has emerged as one of the top countries with respect to merger and acquisition deals. Indian companies have been actively involved in acquisitions in India domestically as well as internationally, as India increase its participation in M&A deals. This research study is aimed to study the Pre & Post Acquisition Comparison of Financial Performance Of Acquiring Companies [With special reference to Manufacturing sector in India (2000-2006)] by examining some pre- and post-acquisition financial ratios of these firms and to see the differences in the pre acquisition and post acquisition ratios of the firms that go for acquisitions. The results suggest that acquisitions did not experience any significant increase in profitability of the overall firms in the post acquisition period.