The 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 res...
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| Place / Publishing House: | Cambridge : : Open Book Publishers,, 2022. |
| Year of Publication: | 2022 |
| Language: | English |
| Physical Description: | 1 online resource (xviii, 162 pages) |
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Table of Contents:
- 1. Introduction: The Challenge
- 2. Incentives for Executives
- 3. Incentives for Advisers
- 4. Incentives for Other Participants
- 5. Moral Hazard
- 6. Subsidies for Merging Firms
- 7. Private Equity (PE)
- 8. Inefficient Mergers in an 'Efficient' Market
- 9. The Accountant's M&A Cookbook
- 10. Feedback Loops
- 11. Exemplars of Failure
- 12. Remedies?
- Appendix I
- Appendix II.