IDEAS home Printed from https://ideas.repec.org/a/eee/eurman/v6y1988i1p26-43.html
   My bibliography  Save this article

International mergers and takeovers: A review of trends and recent developments

Author

Listed:
  • Gray, Sidney J.
  • McDermott, Michael C.

Abstract

"Merger-mania" is an unquestioned piece of jargon in current vogue. In this study of international merger and take-over activity in the 1980's, the authors assess current trends in relation to the last 20 years. They detect several new features: the changing nature of the aggressor, the urge to merge in foreign markets, and the tendency for companies to integrate within existing industry boundaries rather than diversifying into new sectors. The cockpits are the major industrialised countries of Europe as well as the United States, but mergers in Japan although still somewhat rare, are on the increase. There are several conclusions of note. International takeovers appear to lead to industrial domination, the European "invasion" of the US remains as strong as ever, and company acquisition away from product diversification and geographical diversification looks like a winning formula.

Suggested Citation

  • Gray, Sidney J. & McDermott, Michael C., 1988. "International mergers and takeovers: A review of trends and recent developments," European Management Journal, Elsevier, vol. 6(1), pages 26-43, March.
    • Handle: RePEc:eee:eurman:v:6:y:1988:i:1:p:26-43
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/0263237388900060
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Moghaddam, Kaveh & Sethi, Deepak & Weber, Thomas & Wu, Jun, 2014. "The Smirk of Emerging Market Firms: A Modification of the Dunning's Typology of Internationalization Motivations," Journal of International Management, Elsevier, vol. 20(3), pages 359-374.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:eurman:v:6:y:1988:i:1:p:26-43. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/115/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.