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dc.contributor.advisorKavanagh, Cormacen
dc.contributor.authorCarr, Fionnen
dc.date.accessioned2015-11-17T15:20:19Z
dc.date.available2015-11-17T15:20:19Z
dc.date.issued2015
dc.identifier.citationCarr, F. (2015). Do mergers and acquisitions create sustainable shareholder value? Masters Thesis, Dublin Business School.en
dc.identifier.urihttp://hdl.handle.net/10788/2524
dc.description.abstractMerger and acquisitions have been a restructuring strategy incorporated by companies to drive growth, increase access to capital markets, create synergies and improve operating efficiency. However history would show us that the results of this strategy in terms of driving true shareholder value has been mixed, for both the target and acquiring firm. This thesis will critically evaluate the underlying motivations of various companies in their attempt to achieve successful returns to shareholders through this corporate restructuring activity. The researcher presents primary data in the source of three in-depth interviews with corporate management that have had various results with an M&A activity in an Irish context. This data will be blended with the secondary data presented on the subject to provide a framework for ascertaining the key driving and motivating factors for entering into an M&A and how they impact the outcome. This data will be evaluated in combination with certain environmental factors that will be brought into consideration such as merger momentum to provide conclusive evidence on how positive drivers such as the creation of true operating synergies and more intangible factors as human capital play a more salient role in the success of such M&A’s. The question that will be hypothesized will be whether or not true sustainable shareholder value is invariable created through this activity or whether markets invariable overestimate the returns to shareholders particularly of the target firm in the short term creating transient that eventually disappears. Author keywords: M&A, mergers and acqusitions, shareholder valueen
dc.language.isoenen
dc.publisherDublin Business Schoolen
dc.rightsItems in eSource are protected by copyright. Previously published items are made available in accordance with the copyright policy of the publisher/copyright holder.en
dc.rights.urihttp://esource.dbs.ie/copyright
dc.subjectFinanceen
dc.subjectManagementen
dc.subjectInvestmentsen
dc.titleDo mergers and acquisitions create sustainable shareholder value?en
dc.typeThesisen
dc.rights.holderCopyright: The authoren
dc.type.degreenameMBA in Financeen
dc.type.degreelevelMBAen


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