MATHEMATICAL MODELS OF MERGERS TAKING INTO ACCOUNT MANAGEMENT FACTORS (Matematyczne modele polaczen przedsiebiorstw uwzgledniajace czynniki menedzerskie)

• Authors: Czerwonka Leszek
• Languages of publication: PL

Abstracts

EN

This article presents models of horizontal mergers extended with management factors. The paper contains an analysis of mathematical models of mergers irrespective of exogenous and endogenous mergers division. The analysis shows that even when a merger may be potentially more efficient, managers in a merged firm do not necessarily want this to happen. The problems due to a lack of trust can even offset the possible synergies thereby making a merged firm less efficient.

Keywords

EN

ACQUISITIONS; ENDOGENOUS MERGERS' MODEL; EXOGENOUS MERGERS' MODEL; FIRM STRATEGY AND MARKET PERFORMANCE; MARKET STRUCTURE; MERGERS

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Spółdzielczy Instytut Naukowy G. Bierecki sp.j.
• Journal: Pieniądze i Więź
• Year: 2009
• Volume: 12
• Issue: 3(44)
• Document type: ARTICLE

Contributors

author

Czerwonka Leszek

• Leszek Czerwonka, Uniwersytet Gdanski, Wydzial Ekonomiczny, Katedra Mikroekonomii, ul. Armii Krajowej 119-121, 81-824 Sopot, Poland

Identifiers

CEJSH db identifier

09PLAAAA070320