Chapter

A Review of the Merger and Acquisition wave Literature

Kalin Kolev, Jerayr Haleblian and Gerry McNamara

in The Handbook of Mergers and Acquisitions

Published in print June 2012 | ISBN: 9780199601462
Published online September 2012 | e-ISBN: 9780191743320 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199601462.003.0002
A Review of the Merger and Acquisition wave Literature

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More than half of all mergers and acquisitions during the last century cluster within relatively short periods of intense activity known as acquisition waves. This chapter provides a framework for what is known about such waves, presenting the main characteristics of the five major waves during the last century. It develops an overview of antecedents by focusing on exogenous factors and managerial motivations that drive waves. Furthermore, it presents the implications of waves and their effect on value creation and value destruction.

Keywords: mergers; acquisitions; merger antecedents; acquisition waves

Chapter.  9603 words. 

Subjects: Financial Institutions and Services

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