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Biais cognitifs du dirigeant, conséquences et facteurs de renforcement lors de fusions-acquisitions:synthèse et illustrations

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Author Info
Michel Barabel ()
Olivier Meier () (Université de Paris 12)
Abstract

Mergers and acquisitions generally lead to disappointing results. In this article, we give a complementary explanation of these bad results by focusing on a specific actor:the CEO of the purchasing company. In particular, this research addresses two questions:(1) What mistakes (related to cognitive biases) are made by the managers of purchasing companies during mergers and acquisitions ? (2) Given the context and characteristics of specific acquisitions, what factors increase the risk of mistakes by managers ?

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File URL: http://www.u-bourgogne.fr/LEG/rev/051042.pdf
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Publisher Info
Article provided by Editions Economica in its journal Revue Finance Contrôle Stratégie.

Volume (Year): 5 (2002)
Issue (Month): 1 (March)
Pages: 5-42
Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Handle: RePEc:dij:revfcs:v:5:y:2002:i:q1:p:5-42

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Related research
Keywords: cognitive bias dysfonctional cognitive processes managerial mistakes mergers and acquisitions

Find related papers by JEL classification:
G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
M20 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics - - - General

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This page was last updated on 2008-10-2.

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