| Year |
2011 |
| Volume/Issue/Review Month |
Vol. - IV | Spl. Issue 2 | Jan |
| Title |
Value Creating - Acquisition Strategies |
| Authors |
Biswa Ranjan Mohanty , Sudhansu Sekhar Swain |
| Broad area |
Value Creating - Acquisition Strategies |
| Abstract |
One hundred and four tender offers between 1962 and 1979 were
analyzed to develop a conceptual framework to determine the
connection between economic value and diversification strategies in
acquisitions, as well as to determine whether different acquisition
methods are connected with varying degrees of value creation.
Research results indicate that different sources of value creation are
likely to develop in various types of acquisitions. Research results
also indicate that value creation is dependent on the mixture of
characteristics of two merging companies, not the separate
characteristics of each firm. Additionally, research results indicate that
differences in performance between unrelated and related
diversification methods is dependent upon categorizing firms as
following one method or the other. |
| Description |
There is no magic formula to make acquisitions successful. Like any other business process, they are not inherently good or bad, just as marketing and R&D aren’t. Each deal must have its own strategic logic. In our experience, acquirers in the most succ |
| File |
 |
| Referenceses |
“Corporate governance and value creation: Evidence from private equity,” Social Science Research
Network Working Paper, February 19, 2010. V. Acharya, Moritz Hahn, and Conor Kehoe
“Valuing cyclical companies” May 2000. Marco de Heer and Timothy M. Koller
“Why new issues are underpriced,” Journal of Financial Economics, 1986, Kevin Rock |
