Cross-Border Mergers and Acquisitions: UK Dimensions

ISBN-13: 9780415836609 / Angielski / Twarda / 2014 / 208 str.

Boateng Agyenim; Moshfique Uddin

Opis

Cross-border mergers and acquisitions (CBM&As) activity continues to excite interest among academics and practicing managers, and has become an important vehicle for firms' internationalization and corporate restructuring over the past three decades. Despite the huge volume of global CBM&A activity, however, there are few books that carefully explore the strategies, motives, and consequences of global mergers and acquisitions. This book discusses and synthesizes the theoretical literature on the motivation and performance of international merger activities. The authors identify the firm level factors that underpin managers' decisions to undertake CBM&A activities. Macroeconomic influences on mergers and acquisitions are analyzed empirically, and both the short-run and long-run performance of CBM&As are examined from the financial standpoint. A key feature of this book is that it has been written in the context of UK, which has been both the top acquiring nation as well as one of the top target nations in the world, though it remains outside the Euro Zone.This book explores and sheds much-needed light on the UK CBM&A market, what drives it, and what lessons can be learned for other regions around the globe.

Spis treści

Part I: Overview and Literature Review of CBM&As  1. An Overview of Cross-border Mergers and Acquisitions  2. Theoretical and Empirical Literature: Cross-border Mergers and Acquisitions  3. Thirty Years of Cross-border Mergers and Acquisitions and Value Creation: A Review and Future Directions  Part II: Trends, Patterns, Motives and Determinants of UK CBM&As  4. Trends, Patterns and Drivers of UK Cross-border Mergers and Acquisitions  5. Motives for UK Cross-border Mergers and Acquisitions  6. Macroeconomic Determinants of Cross-border Mergers and Acquisitions: Evidence from the UK  Part III: Integration and Performance  7. Managing Post-Acquisition Integration Process: An Examination of Accounting Task Integration  8. Short-run Performance of Cross-border Mergers and Acquiring Firms  9. A Study of the Changes in Operating Performance of the UK Cross-border Mergers and Acquisitions  10. Conclusions