Merger and Acquisition and Value Creation in the United Kingdom: An Empirical Investigation of 104 Merging Companies within the Manufacturing and Service Industries between 1996 and 2007

Rajab, Bandar (2011) Merger and Acquisition and Value Creation in the United Kingdom: An Empirical Investigation of 104 Merging Companies within the Manufacturing and Service Industries between 1996 and 2007. [Dissertation (University of Nottingham only)] (Unpublished)

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Abstract

The current study aimed at investigating whether merger and acquisition add value to merging companies. It also aimed at exploring the effect of mergers and acquisitions on financial performance of the UK companies. The following research questions were addressed: 1) what is the impact of mergers and acquisitions on the return on the capital employed and the market power of companies in the UK?, 2) what is the role that mergers and acquisitions play in achieving enhanced returns for investment of companies in the UK?, 3) to what extent have mergers and acquisitions assisted in the accomplishment of returns for investment in companies in the UK? and 4) What are the benefits of synergy that is achieved once companies adopt mergers and acquisitions?

In order to answer the research questions, the current dissertation started with an introductory chapter that gave general basic definitions about merger and acquisition. Then, in chapter two, the literature and empirical evidence related to merger and acquisition was reviewed. Chapter three gave more specific information about merger and acquisition in order to present a background of the current study. The fourth chapter described all aspects of the current study that are related to the context, aims, limitations, methodology and data collected. After that, the data was analysed and the findings were summarised in the fifth chapter.

However, for many reasons and limitations, the findings of this study cannot be generalised and are only hoped to add value to the current investors and firms at the UK Stock Exchange (NSE) and elsewhere and any other firm in competitive industry and the Academicians and researchers by providing more insight into the relationship between mergers and acquisitions and company performance.

Item Type: Dissertation (University of Nottingham only)
Depositing User: EP, Services
Date Deposited: 10 Nov 2011 15:22
Last Modified: 29 Jan 2018 21:19
URI: https://eprints.nottingham.ac.uk/id/eprint/25301

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