返回首页
当前位置: 留学生论文网 > 代写Essay >

并购项目的关键成功因素

时间:2016-02-11 09:10来源:www.ukthesis.org 作者:英国论文网 点击联系客服: 客服:Damien

并购项目的关键成功因素
Critical Success Factors In Merger And Acquisition Projects


介绍这一建议的论文将解释并购的关键成功因素的概念,并将调查咨询公司如何帮助并购及其观点。印度国家银行短时间下的组织。目的是启发读者对问题公式化,文学的简短回顾,目的和目标,最后所示这个提议的研究方法、数据收集方法、数据分析和结论。

这篇文章的目的是将论文的主题看在景点的相关问题上的研究。文献综述旨在探索主题“关键成功因素的并购项目并购咨询公司”的观点。这一提案将被分为两个部分。

并购和并购咨询公司

项目的关键成功因素

项目的关键成功因素结果是关心并购项目的关键成功因素的并购咨询公司。

并购的申请继续经历戏剧性的增长。破纪录的大型并购已经成为常见的地方。事实上,虽然大型合并用于主要是一个美国现象,当前的第五次并购浪潮成为真正的国际并购。从1990年代开始,一直持续到下一个十年中,一些最大的并购发生在欧洲。这是强调的事实最大的交易之一是德国公司的敌意收购英国公司。不仅是经济增长的原因在世界各地大量的交易。

The introduction of this Proposal as well the dissertation will explain the concept of critical success factors in mergers and acquisition and will investigate how an advisory firm can help in mergers and acquisition and its perspective. . A short case organization State Bank of India will be made. The aim is to enlighten the reader about the problem formulation, the brief review of literature, aims and objectives and finally will the research methodology, data collection method, data analysis and conclusion will shown in this proposal.

Literature review——文献综述

The essay aims at seeing the in and out sights of what the research will be on the related issues around the thesis of the topic. The literature review aims at exploring the topic “Critical Success Factors for Mergers and Acquisition Projects in the View of Merger and Acquisition Advisory Firms”. This proposal will be divided into two parts.

Mergers and Acquisitions and Mergers and Acquisition advisory firms

Critical success factors for the projects

The upshot of the review is the intention to develop the knowledge based on the gap which will be recognized through this review. The upshot is concerned with the critical success factors for Mergers and Acquisition projects in the view of Mergers and Acquisition advisory firms.

The filed of mergers and acquisition continues to experience dramatic growth. Record breaking mega mergers have become common place. Indeed, while mega mergers used to be mainly an American phenomenon; the current fifth merger wave became truly international merger period. Starting in the 1990s and continuing into next decade, some of the largest mergers and acquisition took place in Europe. This was underscored by the fact that the largest deal of all time was hostile acquisition of a German company by British firm. Economic growth was not only the reason for the large volume of deals throughout the world. Deregulation in Europe and the development of a common European economy also played a role. Nation such as Canada and Australia also exhibited a pronounced higher volume of deals. The picture in Asia is however was different. Here, restructuring and downsizing were more common place as the Asian economy remained week. Companies in Japan and Korea, long protected by their highly regulated economic structures, now had consider bankruptcy and others forms of restructuring as the means of working out their economic difficulties.(Gaughan, 2002).

Moreover, it has been highlighted that mergers and acquisition fail due to negligence at different levels during pre, post and due diligence period of the process. Thus this project would provide the development of mergers framework to facilitate the merger and acquisition process in the banking industry. (Cartwright & Cooper, 1993).

There are several reasons for those firms might engage in mergers and acquisition. One of the most common motives in expansion. Acquiring a company in a line of business or geographic area into which the company may want to expand can be quicker than internal expansion. An acquisition of a particular company may provide certain synergistic benefits for the acquirer, such as when two lines of business complement one another. A financial factor motivates some mergers and acquisition. For example, an acquirer’ financial analysis may reveal that the target is undervalued. That is, the value of the buyer may be significantly in excess of the market value of the target, even the premium that is normally associated with changes in control is added to the acquisition price. Other motive, such as tax motives, also plays a role in an acquisition Decision (Gaughan, 2007).

Mergers and acquisition, by which two companies are combined to achieve certain strategic and business objectives, are transactions of great significance, not only to the workers, managers’ competitors, communities and the economy. Their success or failure has enormous consequences for shareholders and lenders as well as the above constituencies. (Sudarsanam, 2003).

Mergers & Acquisition and Mergers & Acquisition Advisory Firms——合并和收购和兼并和收购咨询公司

This proposal as well as the Dissertation of Mergers and Acquisition (M&A) has brought into being in the literature since last two decades. (Appelbaum et al; 2007). As we hear Mergers and Acquisition in day-to-day basis I investigated that the rise in Mergers and Acquisition is due that fact that its increasing complexity of such transactions taking place day-to-day and time-to-time (Gaughan, 2002).

According to (Gaughan and Jagersma, 2005) Merger is the combination of two or more companies in creation of a new entity or formation of a holding company.( European Central Bank , 2000)

Acquisition is the purchase of shares or assets on another company to achieve a managerial influence, not necessarily by mutual agreement (Jagersma, 2005).

Mergers and Acquisition can be categorized into horizontal, vertical or conglomerate and the transactions will be viewed from the outlook of the value chain. (Ghaughan, 2002)

According to (Picot, 2002) Mergers and Acquisition process undergoes three processes: planning, implementation and integration. Planning covers the operational, managerial and legal techniques and optimization. The implementation covers a range of activities starting from the issuance of confidentiality or non-disclosure agreements, letter of intent and ending with conclusion on Mergers and Acquisition contract and deal closure. The last phase is concerned with post-deal integration. This model will be described by Watson Wyatt Model which has also five flows and this model undergoes stages such as Formulate, Locate, Investigate, Negotiate and Integrate. (Glaphin and Herndon, 2000).(责任编辑:anne)



------分隔符-------------------------------------
UK Thesis Base Contacts
推荐内容