Strategic Decisions and Sustainability Choices Mergers, Acquisitions

This book integrates two different but equally prominent themes in the management field: mergers and acquisitions (M&As) and corporate social responsibility (CSR). It explores questions such as whether strategic goals overlap or conflict with sustaina

  • PDF / 2,660,188 Bytes
  • 229 Pages / 433.75 x 612.28 pts Page_size
  • 50 Downloads / 194 Views

DOWNLOAD

REPORT


Strategic Decisions and Sustainability Choices

Mergers, Acquisitions and Corporate Social Responsibility from a Global Perspective

Strategic Decisions and Sustainability Choices

Olimpia Meglio • Kathleen Park

Strategic Decisions and Sustainability Choices Mergers, Acquisitions and Corporate Social Responsibility from a Global Perspective With Contribution by Svante Schriber Foreword by David R. King

Olimpia Meglio University of Sannio Benevento, Italy

Kathleen Park Boston University Boston, MA, USA

ISBN 978-3-030-05477-9    ISBN 978-3-030-05478-6 (eBook) https://doi.org/10.1007/978-3-030-05478-6 Library of Congress Control Number: 2019932129 © The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2019 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

Foreword

Mergers and acquisitions (M&As) are a pervasive organizational phenomenon. For example, the length of time that firms are listed in the S&P 500 continues to shrink due to technology change and acquisitions with 27 firms replaced in the list just during 2017. Additionally, the annual dollar value of M&A activity rivals the gross domestic product of major nations. Meanwhile, compared to the frequency and dollar value of M&As, research provides limited and largely fragmented insights into M&As and their impact on organizations and society. The majority of M&A research focuses on the market’s reaction to an acquisition announcement, or the interests of the acquiring and the target firm shareholders. Generally, target firm shareholders gain and acquiring firm shareholders experience slight losses, but reactions and subsequent outcomes can vary widel