Einbettung von Merger und Akquisition in wirtschaftstheoretische Erklärungsansätze
AbstractThe combination of enterprises is not a phenomenon of the last years. The concept of the "Mergers & Acquisitions" is based on fundamental economic theories, which are however often overlaid in the discussion by populist motives for the merger or acquisition in that particular case. This article brings a theoretical structure into the available reasons for mergers, with a special focus to the field of the New Institutional Economics. There exists no gold standard in arguing for or against mergers. A decision maker has to consider his specific situation when choosing between the different levels of co-operation up to the acquisition of an enterprise.
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Bibliographic InfoPaper provided by Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät in its series Hannover Economic Papers (HEP) with number dp-271.
Length: 26 pages
Date of creation: Feb 2003
Date of revision:
Merger und Akquisition; New Institutional Economics; Transaction costs;
Find related papers by JEL classification:
- D40 - Microeconomics - - Market Structure and Pricing - - - General
- E00 - Macroeconomics and Monetary Economics - - General - - - General
- E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
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- Akerlof, George A, 1970. "The Market for 'Lemons': Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, MIT Press, vol. 84(3), pages 488-500, August.
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