Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128208
Authors: 
Jensen, Camilla
Year of Publication: 
2010
Series/Report no.: 
CASE Network Studies & Analyses 401
Abstract: 
The paper shows that the standing of theory in the field of mergers and acquisitions is weak for at least three reasons. Research is best described as a battlefield of ad hoc theory testing leaving behind a fragmented field. Research has focused traditionally on high intensity markets under the Anglo-Saxon variant of capitalism. Empirical evaluation is prone to be inexact and suffers among other from significant aggregation problems between the micro (firm performance) and macro level (economic growth). The deficiencies in the standing of theory will be reflected in weak institutions to handle the political processes concerning value, liquidity, efficiency and fairness aspects that affect the market for corporate assets within and across different variants of capitalism. - -Economic Growth, Institutions, Mergers and Acquisitions, the Resource Based View, Variants of Capitalism
Subjects: 
Economic Growth
Institutions
Mergers and Acquisitions
the Resource Based View
Variants of Capitalism
JEL: 
F23
G34
L25
N85
O12
O43
Document Type: 
Research Report

Files in This Item:
File
Size
193.88 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.