期刊名称：Journal of Economic and Social Development (JESD)
印刷版ISSN：1849-3327
出版年度：2014
卷号：1
期号：2
页码：0-0
语种：English
出版社：VADEA d.o.o.,Varaždin, Mihanovićeva 4
摘要：Mergers and acquisitions represent prominent phenomenon of the developed capitalist world. In turbulent business environment of 21st century companies are forced to use different growth strategies in order to successfully position themselves with respect to competition and to preserve and increase their profit margins. Mergers and acquisitions, as a part of a growth strategy, often fail to create synergies and value for shareholders. Therefore, variety of organizational variables like employee resistance, changes in business strategy and organizational structure, as well as changes in organizational culture are being analyzed and pointed out as crucial variables for M&A success. Since majority of research in field of M&A is focused on internal organizational variables the main aim of this paper is to present overview of microeconomic aspects of M&A with special focus on industry structure and its impact on M&A success. Besides, historical development of mergers and acquisitions is also presented in this paper.
关键词：mergers and acquisitions; industry structure; Herfindahl-Hirschman Index; M&A waves
