Merger Mystery : : Why Spend Ever More on Mergers When So Many Fail? / / Geoffrey Meeks, J. Gay Tulip Meeks.
Statistical studies over the last forty-five years show that, although there are success stories, very many mergers and acquisitions do not result in the increased operating profits that economics textbooks would lead one to expect. As consultancy McKinsey have put it, 'Anyone who has researche...
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Place / Publishing House: | Cambridge, UK : : Open Book Publishers,, 2022. |
Year of Publication: | 2022 |
Language: | English |
Physical Description: | 1 online resource (xviii, 158 pages) :; illustrations |
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Meeks, Geoffrey, author. Merger Mystery : Why Spend Ever More on Mergers When So Many Fail? / Geoffrey Meeks, J. Gay Tulip Meeks. Merger Mystery Cambridge, UK : Open Book Publishers, 2022. 1 online resource (xviii, 158 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier Description based on publisher supplied metadata and other sources. Statistical studies over the last forty-five years show that, although there are success stories, very many mergers and acquisitions do not result in the increased operating profits that economics textbooks would lead one to expect. As consultancy McKinsey have put it, 'Anyone who has researched merger success rates knows that roughly 70% fail'. Yet--mysteriously--M&A activity has boomed across the globe, with a forty-fold increase in deals done each year now compared with four decades ago, in spite of the adverse general evidence. How can it be that talented, energetic, highly skilled, law-abiding, income-maximising participants in the M&A market will often promote mergers that lead to no operating gains, frequently with adverse effects on the wider economy too? Drawing on findings from a wealth of statistical analyses and case evidence from many businesses, the book presents answers to this merger mystery. In a synthesis of ideas from several disciplines, solutions are detected in misaligned incentives, distorted financial engineering and information asymmetry. By revealing how weaknesses at multiple points can interact and cumulate to produce inefficient outcomes, the discussion serves as a corrective to the overwhelmingly positive tone of most commentary on M&A, whilst also advocating changes in participants' contracts, in taxation, and in regulation which could significantly reduce the number of mergers that fail. Designed to be accessible to a wide readership, the book will be of interest to investors, to M&A practitioners and commentators, to researchers and students of economics, political economy, finance, management and accounting, and--importantly--to policy makers working in these areas. Publisher's website. Consolidation and merger of corporations. 1-80064-779-4 Meeks, J. Gay Tulip, author. |
language |
English |
format |
eBook |
author |
Meeks, Geoffrey, Meeks, J. Gay Tulip, |
spellingShingle |
Meeks, Geoffrey, Meeks, J. Gay Tulip, Merger Mystery : Why Spend Ever More on Mergers When So Many Fail? / |
author_facet |
Meeks, Geoffrey, Meeks, J. Gay Tulip, Meeks, J. Gay Tulip, |
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Meeks, Geoffrey, |
title |
Merger Mystery : Why Spend Ever More on Mergers When So Many Fail? / |
title_sub |
Why Spend Ever More on Mergers When So Many Fail? / |
title_full |
Merger Mystery : Why Spend Ever More on Mergers When So Many Fail? / Geoffrey Meeks, J. Gay Tulip Meeks. |
title_fullStr |
Merger Mystery : Why Spend Ever More on Mergers When So Many Fail? / Geoffrey Meeks, J. Gay Tulip Meeks. |
title_full_unstemmed |
Merger Mystery : Why Spend Ever More on Mergers When So Many Fail? / Geoffrey Meeks, J. Gay Tulip Meeks. |
title_auth |
Merger Mystery : Why Spend Ever More on Mergers When So Many Fail? / |
title_alt |
Merger Mystery |
title_new |
Merger Mystery : |
title_sort |
merger mystery : why spend ever more on mergers when so many fail? / |
publisher |
Open Book Publishers, |
publishDate |
2022 |
physical |
1 online resource (xviii, 158 pages) : illustrations |
isbn |
1-80064-779-4 |
callnumber-first |
H - Social Science |
callnumber-subject |
HD - Industries, Land Use, Labor |
callnumber-label |
HD2746 |
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HD 42746.5 M445 42022 |
illustrated |
Illustrated |
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600 - Technology |
dewey-tens |
650 - Management & public relations |
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658 - General management |
dewey-full |
658.162 |
dewey-sort |
3658.162 |
dewey-raw |
658.162 |
dewey-search |
658.162 |
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