Australian Journal of Management

Australian Journal of solicitude hypertext transfer protocol://aum.sagepub.com/ Australian Mergers and Acquisitions Since the eighties: What Do We Know and What Remains to Be Done? Raymond da silva Rosa and Terry Walter Australian Journal of Management 2004 29: e0 DOI: 10.1177/031289620402901S01 The online version of this article suffer be found at: http://aum.sagepub.com/content/29/1_suppl/e0 produce by: http://www.sagepublications.com On behalf of: Australian School of Business supererogatory services and information for Australian Journal of Management can be found at: Email Alerts: http://aum.sagepub.com/cgi/alerts Subscriptions: http://aum.sagepub.com/subscriptions Reprints: http://www.sagepub.com/journalsReprints.nav Permissions: http://www.sagepub.com/journalsPermissions.nav Citations: http://aum.sagepub.com/content/29/1_suppl/e0.refs.html Downloaded from aum.sagepub.com at University of Sydney on March 1, 2011 Editorial Australian Mergers and Acquisitions Since the 1980s: What Do We Know and What Remains to Be Done? by Raymond da Silva Rosa † Terry Walter § T 1. Introduction hree studies published in the mid-nineteen-eighties heralded a surge of research on merger and acquisition (M&A) occupation in Australia.

The share market studies of Walter (1984) and Bishop, Dodd and Officer (1987) concluded that takeovers financial aid allocate capital to more valued uses.1 In contrast, McDougall and trolling (1986) found, using accounting measures, that merged firms perform worse than they did pre-merger and worse relative to matched non-merging firms. The divergent conclusions highlight the key issue in M&A research: does an active M&A market lead to a more efficient storage allocation of resources? This survey covers subsequent published work on the Australian M&A market.2 For convenience, studies are grouped by their relevance to the following four questions: What motivates M&As? How are gains/losings distributed among acquiring and target firms? What is the impact of takeover... If you want to get a full essay, order it on our website: Orderessay

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