International Mergers &
Acquisitions
1st Edition
Peter J. Buckley Leeds University Business School
Pervez N Ghauri UMIST
Benefits:
- The
first student reader to deal with mergers & acquisitions in an international context
- Case
studies on the pitfalls of M&A from 'The Economist'
- Featured
companies include US, Japanese, Dutch, British multinationals and SMEs
Table of Contents
1 Introduction
2 The Economist cases: how
mergers go wrong
Section 1 Growth by M&A
3 Mergers and market for
corporate control. Henry G. Marine
4 Takeovers: folklore and
science, Michael C. Jensen
5 Cross-border mergers and
acquisitions: global and regional perspectives,. Donald Hopkins
6 Joint ventures and the
option to expand and acquire, Bruce Kogut
7 International expansion
through start-up or acquisition: a learning perspective. Harry G. Barkema and Freek
Vermeulen
Section 2 Motives and Targets
8 Merger theory, property
rights and the pattern of US direct investment in Canada, H. G. Baumann
9 How buyers cope with
uncertainty when acquiring firms in knowledge-intensive industries: caveat emptor, Russell
W. Coff
10 Option nature of company
acquisitions motivated by competence acquisition, Tomi Laamanen
11 Cross-border acquisition
of US technology assets, Andrew C. Inkpen, Anant K. Sundaram and Kristin Rockwood
Section 3 Strategic Planning,
Tactics and Valuation
12 Valuation problems in
service-sector mergers, Michael Keenan
13 Corporate acquisition
strategies and economic performance, Harbir Singh and Cynthia A. Montgomery
14 Control mechanisms in
cross-border acquisitions, Roland Calori,
Michael Lubatkin and Philippe
Very
15 Cross-border mergers and
acquisitions: the undervaluation hypothesis, Pedro Gonzales, Geraldo M. Vasconcellos and
Richard J. Kish
Section 4 Merger Processes
16 When cultures collide: the
anatomy of a merger, Anthony F. Buono, James L. Bow ditch and John W. Lewis III
17 • National cultural
distance and cross-border acquisition performance, Piero Morosini, Scott Shane and Harbir
Singh
Section 5 Managerial and
Social Consequences of Mergers
18 The social and political
consequences of conglomerate mergers, John J. Siegfried and M. Jane Barr Sweeney
19 Organizational fit and
acquisition performance: effects of post-acquisition integration, Deepak K. Datta
20 Post acquisition
managerial learning in central east Europe, Roland Villinger
Section 6 Summary and
Conclusion
21 A CEO roundtable on making
mergers succeed, The M&A Group
22 Conclusions
Index
438 pages