<p>In the last decade, there has been a great increase in the number of mergers and</p><p>acquisitions all over the world. This enhancement of the number of transactions is</p><p>included in the most of the previous studies but moreover, many of these studies show</p><p>that the majority of the mergers and acquisitions fail in the objective of creating value</p><p>for the shareholders. This failure ratio is the reason which leads us to the next research</p><p>question: why do the majority of mergers and acquisitions fail?</p><p>In this study, we introduce the basic concepts that must be known before answering the</p><p>research question and the reasons that other authors have pointed out for explaining this</p><p>failure ratio.</p><p>After this theoretical background, we conduct a comparative research of four cases,</p><p>some of them with a successful result and some others with a failure one, in order to</p><p>determine the key factors that explain the reasons why some of the mergers and</p><p>acquisitions fail or success.</p><p>The study shows that there is a wide range of features when determining this failure or</p><p>success. The analysis of the four case studies indicates that most of the reasons for this</p><p>failure or success were previously considered by other authors, but some new reasons</p><p>will be presented.</p>
| Identifer | oai:union.ndltd.org:UPSALLA/oai:DiVA.org:umu-1289 |
| Date | January 2007 |
| Creators | Iturralde, Aitor, Nacha, Manuel |
| Publisher | Umeå University, Umeå School of Business, Umeå University, Umeå School of Business, Umeå : Handelshögskolan vid Umeå universitet |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, text |
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