
The M&A Failure Trap
Why Most Mergers and Acquisitions Fail and How the Few Succeed
Wiley (Publisher)
1st Edition
Published on 4. November 2024
Book
Hardback
240 pages
978-1-394-20476-2 (ISBN)
Description
An essential read about M&A for executives and investors who make critical decisions when M&A events and opportunities happen.
In The M&A Failure Trap: Why Most Mergers and Acquisitions Fail and How the Few Succeed, a distinguished team of finance and accounting researchers and practitioners delivers a practical and up-to-date exploration of the shortcomings of managerial mergers and acquisitions decisions. In the book, you'll discover:
Why 70-75% of all corporate acquisitions fail
How to substantially improve acquisition decisions
How to predict a specific merger outcome
All the lessons and advice provided in this book are fact-based-derived from a sample of 40,000 real-life merger cases around the world which are thoroughly analyzed and provide the foundations for our findings and recommendations.
The authors offer keen insights into the most important predictors of mergers and acquisitions failure and success and show you how to identify the potential warning signs of a problematic transaction. The book also provides insights into the human element of M&As: what happens to executives and employees of failed acquisitions. You will also find in the book a comprehensive review of the state-of-the-art research on M&As and numerous analyses of successful and unsuccessful real-life mergers.
Perfect for executives and directors contemplating a major M&A decision or currently engaged in such a transaction, The M&A Failure Trap will also earn a place in the libraries of students of business and economics, as well as investors faced with decisions impacted by a merger or acquisition, and shareholders expected to vote on an upcoming transaction.
In The M&A Failure Trap: Why Most Mergers and Acquisitions Fail and How the Few Succeed, a distinguished team of finance and accounting researchers and practitioners delivers a practical and up-to-date exploration of the shortcomings of managerial mergers and acquisitions decisions. In the book, you'll discover:
Why 70-75% of all corporate acquisitions fail
How to substantially improve acquisition decisions
How to predict a specific merger outcome
All the lessons and advice provided in this book are fact-based-derived from a sample of 40,000 real-life merger cases around the world which are thoroughly analyzed and provide the foundations for our findings and recommendations.
The authors offer keen insights into the most important predictors of mergers and acquisitions failure and success and show you how to identify the potential warning signs of a problematic transaction. The book also provides insights into the human element of M&As: what happens to executives and employees of failed acquisitions. You will also find in the book a comprehensive review of the state-of-the-art research on M&As and numerous analyses of successful and unsuccessful real-life mergers.
Perfect for executives and directors contemplating a major M&A decision or currently engaged in such a transaction, The M&A Failure Trap will also earn a place in the libraries of students of business and economics, as well as investors faced with decisions impacted by a merger or acquisition, and shareholders expected to vote on an upcoming transaction.
More details
Series
Language
English
Place of publication
New York
United States
Target group
Professional and scholarly
Product notice
sewn/stitched
Cloth over boards
Dimensions
Height: 231 mm
Width: 152 mm
Thickness: 20 mm
Weight
417 gr
ISBN-13
978-1-394-20476-2 (9781394204762)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions

Baruch Lev | Feng Gu
The M&A Failure Trap
Why Most Mergers and Acquisitions Fail and How the Few Succeed
E-Book
11/2024
1st Edition
Wiley
€48.99
Available for download

Baruch Lev | Feng Gu
The M&A Failure Trap
Why Most Mergers and Acquisitions Fail and How the Few Succeed
E-Book
11/2024
1st Edition
Wiley
€51.99
Available for download
Persons
BARUCH LEV is New York University's Accounting and Finance Professor (emeritus), formerly at Tel Aviv University, UC Berkeley and the University of Chicago. He worked in accounting and investment banking, and did research and consulting in finance, accounting and corporate valuations. Lev wrote 7 books and 125 research studies which were cited more than 62,000 times (Google Scholar).
FENG GU is Professor and Chair of Accounting and Law at the University at Buffalo School of Management. He has published research focusing on analysis of financial information, relevance of corporate accounting reports, and valuation of intangible assets.
FENG GU is Professor and Chair of Accounting and Law at the University at Buffalo School of Management. He has published research focusing on analysis of financial information, relevance of corporate accounting reports, and valuation of intangible assets.
Content
Preface ix
Preamble Why Should You Read This Book? xi
Chapter 1 Appetizer: The Good, the Bad, and the Ugly 1
Chapter 2 The Ever-Changing Nature of M&As (1): Deal Characteristics 17
Chapter 3 The Ever-Changing Nature of M&As (2): Markets and Merger Sizes 27
Chapter 4 Internal Development: The Alternative to Acquisitions 37
Chapter 5 The Folly of the Conglomerate Acquisitions 53
Chapter 6 Are There "Best Times" to Acquire Businesses (1)? External Opportunities 65
Chapter 7 Are There "Best Times" to Acquire Businesses (2)? Internal Opportunities 79
Chapter 8 Integration - The Achilles' Heel of M&A 91
Chapter 9 Accounting Matters 105
Chapter 10 Killer Acquisitions 119
Chapter 11 Holding onto Losers 125
Chapter 12 Means of Acquisition Payment: Cash, Stocks, or Mix? Does It Matter? 135
Chapter 13 But What If Executives Are Irrational or Self-centered? 143
Chapter 14 The Human Element: Acquisitions, Executives, and Employees 155
Chapter 15 Do It Yourself: Predict an Acquisition's Outcome 169
Epilogue How to Spring the M&A Failure Trap 187
Appendix Our Research Methodology 195
Index 207
Preamble Why Should You Read This Book? xi
Chapter 1 Appetizer: The Good, the Bad, and the Ugly 1
Chapter 2 The Ever-Changing Nature of M&As (1): Deal Characteristics 17
Chapter 3 The Ever-Changing Nature of M&As (2): Markets and Merger Sizes 27
Chapter 4 Internal Development: The Alternative to Acquisitions 37
Chapter 5 The Folly of the Conglomerate Acquisitions 53
Chapter 6 Are There "Best Times" to Acquire Businesses (1)? External Opportunities 65
Chapter 7 Are There "Best Times" to Acquire Businesses (2)? Internal Opportunities 79
Chapter 8 Integration - The Achilles' Heel of M&A 91
Chapter 9 Accounting Matters 105
Chapter 10 Killer Acquisitions 119
Chapter 11 Holding onto Losers 125
Chapter 12 Means of Acquisition Payment: Cash, Stocks, or Mix? Does It Matter? 135
Chapter 13 But What If Executives Are Irrational or Self-centered? 143
Chapter 14 The Human Element: Acquisitions, Executives, and Employees 155
Chapter 15 Do It Yourself: Predict an Acquisition's Outcome 169
Epilogue How to Spring the M&A Failure Trap 187
Appendix Our Research Methodology 195
Index 207