John Kay

in Foundations of Corporate Success

Published in print April 1995 | ISBN: 9780198289883
Published online November 2003 | e-ISBN: 9780191718205 | DOI:

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Mergers can add value when they enable distinctive capabilities to be exploited more widely or more effectively. However, as it is most often the case, mergers and alliances are the result of financial objectives and typically fall short of the hopes of their promoters.

Keywords: acquisitions; added value; alliances; buyouts; corporate governance; distinctive capabilities; diversification; divestments; joint venture; mergers

Chapter.  7023 words.  Illustrated.

Subjects: Microeconomics

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