IDEAS home Printed from https://ideas.repec.org/a/ids/ijfsmg/v2y2007i4p344-360.html
   My bibliography  Save this article

Identifying synergies ahead of mergers and acquisitions

Author

Listed:
  • Dodo zu Knyphausen-Aufsess
  • Jens Koeppen
  • Lars Schweizer

Abstract

Most merger and acquisition activities destroy value. One reason for this is that acquisition premiums tend to be too high in relation to the synergies that motivated the premiums paid. In this paper, we illustrate the performance implications of overstated synergies and develop a ten-step reference model for the calculation of synergies in order to avoid overestimating their potential. After that, we present three case studies in which we assess how synergies are determined in practice and compare this to our reference model.

Suggested Citation

  • Dodo zu Knyphausen-Aufsess & Jens Koeppen & Lars Schweizer, 2007. "Identifying synergies ahead of mergers and acquisitions," International Journal of Financial Services Management, Inderscience Enterprises Ltd, vol. 2(4), pages 344-360.
    • Handle: RePEc:ids:ijfsmg:v:2:y:2007:i:4:p:344-360
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=16289
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

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

    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:ids:ijfsmg:v:2:y:2007:i:4:p:344-360. 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: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=76 .

    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.