Interlocking Directors and Target Selection in Mergers and Acquisitions

2012 ◽  
Author(s):  
Sevinc Cukurova
Keyword(s):  
Mergers And Acquisitions ◽  
Target Selection ◽  
Interlocking Directors

scholarly journals The Pre-Deal Phase of Mergers and Acquisitions: A Review and Research Agenda

2019 ◽  
Vol 46 (6) ◽  
pp. 843-878 ◽  
Author(s):  
Xena Welch ◽  
Stevo Pavićević ◽  
Thomas Keil ◽  
Tomi Laamanen
Keyword(s):  
Mergers And Acquisitions ◽  
Research Agenda ◽  
Temporal Dynamics ◽  
Target Selection ◽  
Comprehensive Analysis ◽  
Research Interest ◽  
Theoretical Base ◽  
Topic Area ◽  
High Level

Despite the long-standing research interest in the pre-deal phase of mergers and acquisitions, many important questions remain unanswered. We review and synthesize the extensive but rather fragmented research on this topic area in the fields of management, finance, accounting, and economics. We organize our review according to six themes, that is, deal initiation, target selection, bidding and negotiation, valuation and financing, announcement, and closure, which represent the main categories of activities performed during the pre-deal phase. Our review shows that most of the existing research relies on a rather high-level, simplified, and static conception of the pre-deal phase. On the basis of our review, we put forward a research agenda that calls for a more granular examination of individual activities and decisions, a more comprehensive analysis of the interplay among the different actors involved in the pre-deal phase, a better understanding of the role of the temporal dynamics, and the extension of the theoretical base from variance-based to process-based theorizing.

Ownership similarity in mergers and acquisitions target selection

2018 ◽  
Vol 18 (2) ◽  
pp. 330-361 ◽  
Author(s):  
Emanuele LM Bettinazzi ◽  
Danny Miller ◽  
Mario Daniele Amore ◽  
Guido Corbetta
Keyword(s):  
Mergers And Acquisitions ◽  
Target Selection ◽  
Assortative Matching ◽  
Target Firms

We study how ownership similarity between two firms affects the likelihood of an acquisition between them. Assortative matching arguments suggest that similarity between acquiring and target firms can encourage acquisition behavior, since more similar partners can better understand one another and combine resources in a more efficient way. Previous research has confirmed this expectation focusing on traits related to industry, strategy, and technology. We contribute to this literature by examining similarity in the type of dominant owner. We hypothesize and find evidence in a sample of 14,000 Italian companies that acquisitions are more likely to occur among firms with similar owners.

scholarly journals The role of related strategic alliances before mergers and acquisitions

2021 ◽  
Vol 1 (10) ◽  
Author(s):  
Leonhard Brinster
Keyword(s):  
Mergers And Acquisitions ◽  
Strategic Alliances ◽  
Private Information ◽  
Target Selection ◽  
Trust Building ◽  
Significant Evidence ◽  
Transaction Process ◽  
Announcement Returns ◽  
Different Types

AbstractUsing mergers and acquisitions (M&A) deals by companies from the biotechnology and pharmaceutical industry, this study analyzes the role of different types of prior ties between companies. The research distinguishes related alliances into direct and indirect alliances. Related alliances provide access to more information and can reduce transaction costs. The reduction of such costs can lead to a more successful target selection and a more efficient transaction process of the M&A deal because the time from announcement to completion can be reduced. This effect can be explained by trust-building, better access to private information, and certification through related alliances. However, in contrast to other studies, this study does not find statistically significant evidence that supports the hypothesis that alliances increase the post-M&A performance and that alliances are associated with higher announcement returns.

Mergers and Acquisitions: Sharing Lessons Learned

2011 ◽  
Author(s):  
Robin R. Cohen ◽  
Kim Stepanski ◽  
Miriam Ort ◽  
Eryn A. O'Brien
Keyword(s):  
Mergers And Acquisitions ◽  
Lessons Learned

Easy Target Selection Reduces Negative Priming

1994 ◽  
Author(s):  
Anthony D. Wagner ◽  
Gordon H. Bower
Keyword(s):  
Negative Priming ◽  
Target Selection
Sign in / Sign up

Export Citation Format

Share Document