Einbettung von Merger und Akquisition in wirtschaftstheoretische Erklärungsansätze

Thomas Mittendorf and Andre Plöger

Hannover Economic Papers (HEP) from Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät

Abstract: The combination of enterprises is not a phenomenon of the last years. The concept of the "Mergers & Acquisitions" is based on fundamental economic theories, which are however often overlaid in the discussion by populist motives for the merger or acquisition in that particular case. This article brings a theoretical structure into the available reasons for mergers, with a special focus to the field of the New Institutional Economics. There exists no gold standard in arguing for or against mergers. A decision maker has to consider his specific situation when choosing between the different levels of co-operation up to the acquisition of an enterprise.

Keywords: Merger und Akquisition; New Institutional Economics; Transaction costs (search for similar items in EconPapers)
JEL-codes: D40 E00 E60 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2003-02
New Economics Papers: this item is included in nep-fin
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