Thesis
Characteristics of Mergers & Acquisitions – A Survey on Value Creation, Synergies, and Market Cyclicality
University of Iowa
Bachelor of Business Administration (BBA) , University of Iowa
Autumn 2017
Abstract
<p>This paper identifies and explains pervasive themes in existing research surrounding mergers and acquisitions (M&A) and posits potential topics for future research. A primary goal of M&A is to increase shareholder wealth. Thus, value creation lies at the heart of the debate surrounding the legitimacy of M&A as an avenue for corporate growth. Further, in order to generate positive returns for shareholders, the transaction must achieve synergies – either operational or financial. The sources and relative importance of these synergies will be explored. Historically, the M&A market has been cyclical. The paper aims to summarize causes for merger waves and their impact on shareholder returns through an extensive review of existing theoretical and empirical research on the transactions. Finally, because M&A transactions often include additional aspects (e.g. restructuring, bankruptcy, etc.), I suggest future research target the impact of any added complexities to an M&A transaction.</p>
Details
- Title: Subtitle
- Characteristics of Mergers & Acquisitions – A Survey on Value Creation, Synergies, and Market Cyclicality
- Creators
- Eric Hale - University of Iowa
- Contributors
- Jennifer Blair (Advisor)Amrita Nain (Mentor)
- Resource Type
- Thesis
- Project Type
- Honors Thesis
- Degree Awarded
- Bachelor of Business Administration (BBA) , University of Iowa
- Degree in
- Business
- Date degree season
- Autumn 2017
- Publisher
- University of Iowa
- Number of pages
- 22 pages
- Copyright
- Copyright © 2017 Eric Hale
- Language
- English
- Academic Unit
- Honors Program; Business Honors Theses
- Record Identifier
- 9984111234302771
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