Mergers and Acquisitions in the Machinery Industry |
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Author:
| Geiger, Florian |
Series title: | Schriften Zum Europäischen Management Ser. |
ISBN: | 978-3-8349-2293-9 |
Publication Date: | Sep 2010 |
Publisher: | Westdeutscher Verlag GmbH
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Book Format: | Paperback |
List Price: | AUD $204.95 |
Book Description:
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Which motives initiate managers to merge or to acquire other corporations? While there is a long-lasting history of empirical research on M&A in a cross-industry context, our knowledge about industry specific drivers of M&A is more than limited. Given this background, the machinery industry is an attractive segment to address questions on M&A motives - as it is on the one hand a very fragmented industry and on the other hand a bundle of in some parts highly consolidated sub-industries....
More DescriptionWhich motives initiate managers to merge or to acquire other corporations? While there is a long-lasting history of empirical research on M&A in a cross-industry context, our knowledge about industry specific drivers of M&A is more than limited. Given this background, the machinery industry is an attractive segment to address questions on M&A motives - as it is on the one hand a very fragmented industry and on the other hand a bundle of in some parts highly consolidated sub-industries. In his thesis, Mr. Geiger makes an effort to answer the question why firms in the machinery industry follow M&A strategies and how successful they are in their transactions. This is not only a remarkable endeavour because Mr. Geiger uses some hand selected unique datasets, but in particular, because he presents state-of-the-art analyses which are competitive and meet highest international standards. The thesis on hand carefully identifies and addresses open research questions related to M&A strategies ina very specific industry. Its primary objective was to identify M&A motives for different types of companies in various sub-segments of the machinery industry by analyzing stock price and accounting data. Thusly objectifying managerial action allows deriving recommendations for financing practice.