What determines acquisition activity within an industry?

Article Abstract:

Acquisition activity levels vary among different industries in the UK, with the activity primarily dependent upon industry deregulation. Low industry concentration ratios and high industry growth rates are also influential factors, while capital intensity and industry profitability were not found to be key determinants of acquisition activity. Research suggests that acquisitions deliver returns of just 2%, however, and industry participants should be wary of consolidating in a deregulated market. Several domestic competitors support an industry's national competitiveness.

Causes of, Growth, Industry, Industries, Industrial concentration

---

Market valuation of European bank mergers

Article Abstract:

The effect of cross-border mergers in Europe's banking sector on shareholders' wealth is examined. It is found that the shareholders of target banks receive significant positive abnormal returns while shareholders of bidding banks receive insignificant abnormal returns. Results also show that larger bids create more positive returns for shareholders of bidding banks.

Commercial Banks, Commercial Banking, Banking industry, Stockholders, European Union, Investor relations

---

Expert commentary

Article Abstract:

An expert commentary on the article entitled 'The urge to merge in the pharmaceutical industry' which appeared in the 'European Management Journal', volume 19, number 4, pages 430-437, August 2001 is presented.

Pharmaceutical industry, Mergers, acquisitions and divestments

Similar abstracts:

• Abstracts: Banana drama turns serious. Conflict with Iraq signals a stronger dollar. Wide Gulf in understanding
• Abstracts: Indonesia's dangerous politics. A blind seer points the way
• Abstracts: Return visit. France's emperors. Worse off
• Abstracts: Towards a practitioner-based model of selecting celebrity endorsers. Perceptions of IMC and organisational change among agencies in South Africa
• Abstracts: An international box standard for fruits and vegetables is on the way. Importing Economic Muscle

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.