Mergers and Acquisitions: Current Issues

by G. Gregoriou, Karyn Neuhauser

Overview

This collection of exclusive articles presents the latest research in the area of mergers and acquisitions. It presents what drives corporate performance under different economic conditions, both in the US and across the globe, and examines the role of mergers and acquisitions in maintaining the efficiency of world markets.

Product Details

ISBN-13:	9780230553798
Publisher:	Palgrave Macmillan UK
Publication date:	11/13/2007
Series:	Finance and Capital Markets Series
Edition description:	2007
Pages:	268
Product dimensions:	6.30(w) x 9.30(h) x 0.90(d)

About the Author

PAUL ALI Associate Professor, University of New South Wales, Australia TONY ANTONIOU Dean of Durham Business School and Professor of Finance, Durham, UK SERGIO SAN FILIPPO AZOFRA University of Cantabria, Spain FELIPE BALAMCEDA Universidad de Chile, Chile ALAIN COEN Université du Québec à Montréal, Canada GERMAN COLOMA Universidad del CEMA, Argentina AURELIE DESFLEURS Université Laval, France BELEN DIAZ DIAZ University of Cantabria, Spain NIGEL FINCH Lecturer in Management, Graduate School of Management, Macquarie University, Australia GUY FORD Associate Professor in Management, Graduate School of Management, Macquarie University, Australia CLAUDE FRANCOEUR HEC Montréal, Canada MYRIAM GARCIA OLLALA University of Cantabria, Spain ELAINE HUTSON UCD Michael Smurfit Graduate School of Business, University College Dublin, Ireland FRANCOIS-SERGE LHABITANT Professor of Finance at the EDHEC Business School (France) and at the University of Lausanne (Switzerland) FRANCOIS-ERIC RACICOT Université du Québec en Outaouais, Canada RAYMOND THEORET Professor of Finance, Université du Québec à Montréal, Canada FRANCESC TRILLAS Departament d'Economia i Història Econòmica, Universitat Autònoma de Barcelona, Spain CARLIN TYRONE Professorial Fellow, Graduate School of Management, Macquarie University, Australia MARGARET WANG Victoria University, Australia

Table of Contents

Mergers and Acquisitions: A Global View; K.Neuhauser PART 1: THE EFFECTS OF MERGERS AND ACQUISITIONS ON VALUE What Drives Acquisitions? A Market-Manager Rationality Framework; A.Antoniou & H.Zhao Misadventure and the Form of Payment in Corporate Acquisitions; T.Carlin , G.Ford & N.Finch Corporate Diversification: The Costs and Benefits of Synergy; F.Balmaceda The Effect of Mergers and Acquisitions on Firm Value: Evidence from Turkish Takeovers; M.Nihat Solakoglu & M.Orhan PART 2: THE EFFECTS OF MERGERS AND ACQUISITIONS ON FINANCIAL MARKETS Price Volatility in Sks Subject to Tender Offers; E.Hutson Merger Arbitrage Hedge Funds: An Introduction; G.Gregoriou & F.Lhabitant The Impact of Cross-Border Mergers and Acquisitions on Financial Analysts' Forecasts: Evidence from the Canadian Sk Market; A.Coën , A.Desfleurs & C.Francoeur PART 3: THE EFFECTS OF THE LEGAL ENVIRONMENT ON MERGERS AND ACQUISITIONS The Economic Analysis of US Antitrust Merger Law; G.Coloma Ethical Issues in Mergers and Acquisitions; R.McGee PART 4: THE EFFECTS OF REGULATION ON MERGERS AND ACQUISITIONS The Use of Equity Swaps in Mergers; P.Ali Banking Performance in Domestic and Cross-Border Acquisitions; S.Azofra , B.Díaz , M.Olalla & C.Gutiérrez Mergers between European energy firms: national champions and markets; F.Trillas A Deal Too Far - The Case of the Killer Acquisition; T.Carlin , N.Finch & G.Ford Trends in Chinese M&A: A Look at Lenovo's Acquisition of IBM PC; M.Wang An Essay on the History of a Merger: The Case of National Bank of Canada; R.Théoret & F.Racicot