文章基本信息

标题：Mergers and Acquisitions as Vital Instruments of Corporate Strategy: Current and Historical Perspective
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作者：M. Jibran Sheikh ; Mah-a-Mobeen Ahmed ; Qudsia Arshad 等
期刊名称：Journal of Asian Finance, Economics and Business
印刷版ISSN：2288-4637
电子版ISSN：2288-4645
出版年度：2015
卷号：2
期号：1
页码：15-21
DOI：10.13106/jafeb.2015.vol2.no1.15
语种：English
出版社：Korean Distribution Science Association
摘要：In this paper our main focus is to provide insight into the history of M&A’s for this purpose we have analysed the different waves of M&A.We have analysed these waves in context of available literature and fact and figures.During the study we re- alised that almost all of the waves of M&A’s ended because of financial crises,although impact and severity of that crises may differ.We analysed the impact of current crises on M&A in global context and in order to establish how companies have and in post crises era i.e.after crises of 2007 onwards how the companies have changed their corporate strategies to accom- modate M&A’s.We have also analysed which factors fuelled M&A’s in past and were these factors present in post crises era M&A activities.By first quarter of 2011 the many firms saw new growth opportunities in M&A activities seemed to rebound as large companies used M&A’s as part of their corporate strategy but this was cut short by events like US debt ceiling,down grade of USA’s credit ratings along with fears about Eurozone’s financial health and their impact on future prospects of M&A’s would they continue to prosper or would they be weighed down by these events.
关键词：Merger and acquisition;Firm behavior;Financial crises;Corporate strategy