Determinants of the Strengths and Weaknesses of Acquiring Firms in Mergers and Acquisitions: A Stakeholder Perspective

The success or failure of mergers and acquisitions has been shown to depend a lot on the peculiar strengths (and weaknesses) of the firms which initiate the merger or take-over, the acquirer. The present study examines the determinants of these aspects or features of acquirers through a study of 219 completed mergers and acquisitions involving publicly- held United States companies over a six-year period (1995-1998) with data provided by...