Growth by acquisition: the lessons of experience
Article Abstract:
An analysis of academic evidence on mergers indicates that the academic literature does not stigmatize takeovers as a way of achieving corporate expansion in an unfair manner. However, research does support the conclusion that many acquisitions are not good investments because the takeovers do not provide shareholder value or improve the profitability of acquiring corporations. Research results indicate that the lack of success is due in part because corporations do not appraise acquisition targets adequately, and often pay too much for acquired firms. In addition, it appears that managers often do not ask acquisition questions that are necessary, addressing issues such as determining the real potential of a business; determining what a target company can contribute; and determining the opportunity costs of funds involved in acquisitions.
Publication Name: Journal of General Management
Subject: Business, general
ISSN: 0306-3070
Year: 1990
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Is the French model of capitalism becoming more like the Anglo-Saxon model?
Article Abstract:
The model of capitalism in France is indeed changing, although the people's concepts of capitalism have not yet caught up.
Publication Name: Journal of General Management
Subject: Business, general
ISSN: 0306-3070
Year: 2003
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