{"product_id":"mergers-acquisitions-a-trendy-fad-or-sustainable-value-creation-von-anna-lena-bischoff-jesco-a-danylow-linn-sallstrom","title":"Mergers \u0026 Acquisitions","description":"\u003cp\u003eBachelor Thesis from the year 2011 in the subject Business economics - Investment and Finance, grade: B\/1,7, , language: English, abstract: Today, companies need to constantly expand their business to stay ahead of the severe\u003c\/p\u003e\u003cp\u003ecompetition. As competition grows more intense, it makes sense to join forces or simply\u003c\/p\u003e\u003cp\u003eacquire the rival to provide the most diverse service and to reach even the last customer.\u003c\/p\u003e\u003cp\u003eBut is it really only about the need for efficiency to merge and acquire competitors? Are\u003c\/p\u003e\u003cp\u003emanagers and investors right about their hope, that every new acquisition or merger offers\u003c\/p\u003e\u003cp\u003emore control over the market? Or are they themselves pushed into these promising expectations?\u003c\/p\u003e\u003cp\u003eThis research focuses on how social behavior influences value creation in mergers and\u003c\/p\u003e\u003cp\u003eacquisitions. Throughout history, waves have been observed that reflect the excessive hype\u003c\/p\u003e\u003cp\u003efor perennial need of growth. Growth by acquisitions and mergers is seen as key element to\u003c\/p\u003e\u003cp\u003ecreate value by investors and managers. However, reality looks different. This research\u003c\/p\u003e\u003cp\u003efocuses on a two step approach by first describing underlying social catalysts that amplify\u003c\/p\u003e\u003cp\u003ethe trend towards value creation in mergers and acquisitions. Secondly, to verify the investigation\u003c\/p\u003e\u003cp\u003eof social behavior, the results are matched to a financial approach to detect whether\u003c\/p\u003e\u003cp\u003ethe transaction price justifies the current value and possible synergies or whether value\u003c\/p\u003e\u003cp\u003eis destroyed.\u003c\/p\u003e\u003cp\u003eA case study was conducted of Boss Media AB, a software company situated in the online\u003c\/p\u003e\u003cp\u003egaming industry, which experienced several mergers and acquisitions since their foundations\u003c\/p\u003e\u003cp\u003eand was eventually acquired itself. The company provided an interview and further\u003c\/p\u003e\u003cp\u003einformation on their involvement with mergers and acquisitions.\u003c\/p\u003e\u003cp\u003eThe research showed that mergers and acquisitions continue to increase in number and\u003c\/p\u003e\u003cp\u003evalue, leading to the amplitude of each wave being higher than the previous one. This also\u003c\/p\u003e\u003cp\u003emeans that more value is destroyed. It is illustrated that managers being determined to have\u003c\/p\u003e\u003cp\u003ebet on the right horse, are often more influenced by social behavior and trends than they\u003c\/p\u003e\u003cp\u003ethink they are. Blinded by the overestimation of their own abilities, and prosperous shortterm\u003c\/p\u003e\u003cp\u003eprofits, managers overvalue their investment choices. Hence, the research implies that\u003c\/p\u003e\u003cp\u003emanagers destroy shareholder value even though they initially intended to create it.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783640969128\"\u003e\u003ch3\u003eA trendy fad or sustainable value creation?\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783640969128","offer_id":39442780880989,"sku":"9783640969128","price":47.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/8552fc02-f6c1-40ff-bbd0-b1fe2e421b2a.jpg?v=1777782919","url":"https:\/\/shop.autorenwelt.de\/products\/mergers-acquisitions-a-trendy-fad-or-sustainable-value-creation-von-anna-lena-bischoff-jesco-a-danylow-linn-sallstrom","provider":"Autorenwelt Shop","version":"1.0","type":"link"}