Corpus ID: 212534724

Review of Major Companies Merger Failures in The First Decade of 21 st Century

@inproceedings{Shukla2014ReviewOM,
  title={Review of Major Companies Merger Failures in The First Decade of 21 st Century},
  author={Dr. Ram Shukla},
  year={2014}
}
This paper proposes an explanation as to why some mergers fail, based on the information obtained from different research papers published by different authors worldwide. I propose that failure may result from informational asymmetries arising from the pre-merger period, and problems of cooperation and coordination within recently merged firms. I also believe that a partner may optimally agree to merge and abstain from putting forth any post-merger efforts, counting on the other partner to make… Expand

References

SHOWING 1-10 OF 24 REFERENCES
Merger Failures
This paper proposes an explanation as to why some mergers fail, based on the interaction between the pre-merger gathering of information and the postmerger integration processes. Rational managersExpand
The Post-Merger Performance of Acquiring Firms: A Re-examination of an Anomaly
The existing literature on the post-merger performance of acquiring firms is divided. The authors reexamine this issue, using a nearly exhaustive sample of mergers between NYSE acquirers andExpand
Scale Economies and Synergies in Horizontal Merger Analysis
Three years ago, the Antitrust Division and the Federal Trade Commission revised their Horizontal Merger Guidelines to articulate in greater detail how they would treat claims of efficienciesExpand
Incompatible strategies in international mergers: the failed merger between Telia and Telenor
The aim of this paper is to explore the problems of incompatible strategies in international mergers. Studying a failed merger between the two state-owned Scandinavian telecom corporations, weExpand
The Effects of Mergers: An International Comparison
This paper analyzes the effects of mergers around the world over the past 15 years. We utilize a large panel of data on mergers to test several hypotheses about mergers. The effects of the mergersExpand
Synergies and Internal Agency Conflicts: The Double-Edged Sword of Mergers
"This paper investigates the interaction between synergies and internal agency conflicts that emerges endogenously in multi-division firms. A divisional manager's entrenchment choice depends directlyExpand
Mergers with Product Market Risk
This paper studies the causes and the consequences of horizontal mergers among risk-averse firms. The amount of diversification depends on the allocation of shares among the merging firms, with aExpand
What drives merger waves
Aggregate merger waves could be due to market timing or to clustering of industry shocks for which mergers facilitate change to the new environment. This study finds that economic, regulatory orExpand
Market Valuation and Merger Waves
Does valuation affect mergers? Data suggest that periods of stock merger activity are correlated with high market valuations. The naive explanation that overvalued bidders wish to use stock isExpand
Cultural Conflict and Merger Failure: An Experimental Approach
TLDR
A laboratory paradigm for studying organizational culture is introduced that captures several key elements of the phenomenon and subjects overestimate the performance of the merged firm and attribute the decrease in performance to members of the other firm rather than to situational difficulties created by conflicting culture. Expand
...
1
2
3
...