IDEAS home Printed from https://ideas.repec.org/a/taf/bushst/v63y2021i4p606-667.html
   My bibliography  Save this article

Non-financial motivations in mergers and acquisitions: The Fiat–Ferrari case

Author

Listed:
  • Laura Maran
  • Lee Parker

Abstract

Most studies of mergers and acquisitions focus on the financial motivations (‘synergy’) of the acquiring and acquired firms, as well as managers’ self-interest and overconfidence. Few studies consider the contextual contingencies that motivate a merger and acquisition. This study examines non-financial motivations that drove the 1969 Fiat company’s acquisition of the Ferrari company. The financial records and historical context surrounding this acquisition are analysed through an institutional logics framework, examining annual reports, minutes of board meetings and media coverage of the acquisition. The findings suggest the acquisition was driven by family control, brand reputation and professional expertise, and that financial and accounting motivations had only marginal importance.

Suggested Citation

  • Laura Maran & Lee Parker, 2021. "Non-financial motivations in mergers and acquisitions: The Fiat–Ferrari case," Business History, Taylor & Francis Journals, vol. 63(4), pages 606-667, May.
  • Handle: RePEc:taf:bushst:v:63:y:2021:i:4:p:606-667
    DOI: 10.1080/00076791.2019.1597854
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00076791.2019.1597854
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/00076791.2019.1597854?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

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

    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:taf:bushst:v:63:y:2021:i:4:p:606-667. 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/FBSH20 .

    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.