A merger or an acquisition is usually a challenging endeavor which aims to create value for the owner. However, stakeholder theory shows how such a narrow and one-sided focus is detrimental to value-creation in general not only for other stakeholders within and outside the organization but also for the owner. This book shows how different sta
A merger or acquisition is usually a challenging endeavor with a single ultimate aim: to create value for the owner. However, stakeholder theory shows how such a narrow and one-sided focus is detrimental to value-creation in general not only for other stakeholders within and outside the organization, but also for the owner. Especially in a merger or an acquisition, it is evident that there are many groups and individuals who have a stake in the success or failure of a business.
So far, the overwhelming majority of research in the field of mergers and acquisitions has focused on the merging organizations, and so researchers have mainly studied internal stakeholder groups, such as employees and managers. This book shows how different stakeholders, internal and external, may play a critical role during a merger or an acquisition process. The book builds on empirical examples that illustrate how various stakeholders play active roles throughout the different phases, and, thus, ultimately affect the outcome and the value formation process of the merger or the acquisition. There is still much debate on how and when to best measure the outcome of a merger or an acquisition. With its comprehensive focus on stakeholders, this volume explores why some mergers and acquisitions fail while others succeed.
Recenzijos
"With its stakeholder perspective, this book provides an alternative and fresh view of mergers and acquisitions. It shows that the implications of M&A activities are far reaching and long lasting. The book is full of interesting stories of successful and failed M&As that should be appealing to anybody with an interest in these issues." Johan Wiklund, Syracuse University, USA
1. Introduction: A Stakeholder Approach to Mergers and Acquisitions
Helén Anderson, Virpi Havila and Fredrik Nilsson Part I: Shareholders and Top
Managers
2. The Growing Importance of Corporate Social Responsibility in
Mergers and Acquisitions Tommy Borglund
3. Top Managers as Stakeholders,
Their Motives and Sensemaking in a Hostile Merger and Acquisition Process
Mona Ericson Part II: Middle Managers and Employees
4. The Arranged Marriage
Syndrome Challenges to Subsidiary Managers during the Integration Process
between Two Merging Multinational Companies Roger Schweizer
5. Internal
Legitimacy for Change in Mergers and Acquisitions Magnus Frostenson
6. The
Internal Auditors Involvement in Acquisitions Fredrik Nilsson, Nils-Göran
Olve and Olof Arwinge
7. When the Integration of Management Control Systems
Is At Stake Experience From the Car Industry Peter Beusch Part III:
Suppliers and Customers
8. Managing the Influence of External Competitive
Change during Integration Svante Schriber
9. Supplier Relationships at Stake
in Mergers and Acquisitions Johan Holtström
10. Why Do Customers Dissolve
Their Business Relationships with the Acquired Party Following an
Acquisition? Christina Öberg Part IV: Public Bodies, Other Parties of Public
Interest and Scholars
11. Mergers of Authorities in Central Government: Role
Ambiguities and Blame-Avoidance Louise Bringselius
12. Bank Mergers in Sweden
- The Interplay between Bank Owners, Bank Management and the State 1910-2009
Sven Jungerhem and Mats Larsson
13. The Stake of High Failure Rates in
Mergers and Acquisitions Annette Risberg
14. Epilogue: Reflection on the
Critical Role of Stakeholders in Mergers and Acquisitions Helén Anderson
Helén Anderson is Professor of Business Administration at Jönköping International Business School, with a concentration in Marketing. Her research interests are in business dynamics, innovation, strategic change, and mergers and acquisitions.
Virpi Havila is Professor of Business Studies at the Department of Business Studies at Uppsala University, with a concentration in Industrial Marketing. Her research interests include mergers and acquisitions, project ending and effects of ending business-to-business relationships.
Fredrik Nilsson is Professor of Business Administration at Uppsala University with a concentration in Accounting. His research is focused on understanding the role of control systems in formulating and implementing strategies.
