Determinants of growth of firms trought mergers and acquisitions

ISBN-13: 9783639374032 / Angielski / Miękka / 2011 / 144 str.

Fredrick Aila; Fidelis Kamene Muia

Opis

This book is based on key concepts of Mergers and Acquisitions (M&A) which are relevant to the Kenyan situation. There is a disparity between Kenyas experiences and that of the developed world. The ensuing disparity in world mergers and acquisitions and Kenya in particular forms the basis of this study. Bidder characteristics, industry variables and market variables were included in an exploratory survey of six firms listed in financial and Industrial sectors listed at the Nairobi Stock Exchange. At 0.05 significant levels, regression results averagely showed an impressive prediction of R squared value ranging from 0.667 to 0.999. Profitability was the most influential variable in determining growth of firms through M&A in Kenya. Industry concentration, sales growth, stock market index and GDP growth only determined growth to a lesser Extent. Based on the findings, it was concluded that listed The book will appeal to scholars,researchers, policy makers, investors and business executives.