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Генезис Синергетического Подхода В Исследованиях Слияний И Поглощений: Развенчание Главного Мифа О Синергии
[Genesis of synergetic approach in researches of M&A: dethronement of the main myth about the synergy]

Author

Listed:
  • Ivanov, Alexey

Abstract

In article emergence and development of concept of synergetic effect of M&A and ideas of it from 1960th to the present is considered. The author generalized data of a number of the researches proving that M&A not so surely lead to achievement of the positive synergetic effect which is usually determined by the formula «2+2=5» – the main myth about a synergy.

Suggested Citation

  • Ivanov, Alexey, 2013. "Генезис Синергетического Подхода В Исследованиях Слияний И Поглощений: Развенчание Главного Мифа О Синергии [Genesis of synergetic approach in researches of M&A: dethronement of the main myth about," MPRA Paper 50307, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:50307
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    References listed on IDEAS

    as
    1. Hitt, Michael A. & King, David & Krishnan, Hema & Makri, Marianna & Schijven, Mario & Shimizu, Katsuhiko & Zhu, Hong, 2009. "Mergers and acquisitions: Overcoming pitfalls, building synergy, and creating value," Business Horizons, Elsevier, vol. 52(6), pages 523-529, November.
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    3. Bradley, Michael & Desai, Anand & Kim, E. Han, 1988. "Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms," Journal of Financial Economics, Elsevier, vol. 21(1), pages 3-40, May.
    4. Tomi Laamanen, 2007. "On the role of acquisition premium in acquisition research," Strategic Management Journal, Wiley Blackwell, vol. 28(13), pages 1359-1369, December.
    5. Hitt, Michael A. & Harrison, Jeffrey S. & Ireland, R. Duane, 2001. "Mergers and Acquisitions: A Guide to Creating Value for Stakeholders," OUP Catalogue, Oxford University Press, number 9780195112856, Decembrie.
    6. John W. Hunt, 1990. "Changing pattern of acquisition behaviour in takeovers and the consequences for acquisition processes," Strategic Management Journal, Wiley Blackwell, vol. 11(1), pages 69-77, January.
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    More about this item

    Keywords

    слияния и поглощения; синергетический эффект; интеграция; mergers and acquisitions; synergetic effect; integration;
    All these keywords.

    JEL classification:

    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General

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