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The History and Mystery of Worldwide Merger Waves (The stature in Context to Liberalisation)

Author

Listed:
  • Dr. Bhagaban Das

    (Reader, PG Dept. of Business Management, Fakir Mohan University, Fakir Mohan University Balasore, Orissa.)

  • Alok Kumar Pramanik

    (Selection Grade Lecturer, Dept. of Commerce, Bhatter College, Dantan, West Bengal.)

Abstract

It is well known fact that merger waves exist. These normally come in waves and are an enduring mystery. The search for a single explanation for their existence, growth and size continues. The history of US, UK and India merger waves shows that each wave has had a different motivator, including regulatory and economic factors. The nature of the waves also changed with differences in the type of deals, the behaviour of the involved companies and the methods of payment. Why then should there be a single explanation for the existence of merger waves? Considering their history there is no reason to believe that a single model exists to explain this phenomenon. But, it is crystal clear from the study that they tend to occur during economic expansions, and end when the market and the economy slow down.

Suggested Citation

  • Dr. Bhagaban Das & Alok Kumar Pramanik, 2006. "The History and Mystery of Worldwide Merger Waves (The stature in Context to Liberalisation)," Journal of Commerce and Trade, Society for Advanced Management Studies, vol. 1(2), pages 7-12, October.
    • Handle: RePEc:jct:journl:v:1:y:2006:i:2:p:7-12
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    File URL: http://www.jctindia.org/october2006/v1i2-2
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    References listed on IDEAS

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    JEL classification:

    • A0 - General Economics and Teaching - - General
    • C0 - Mathematical and Quantitative Methods - - General

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