Introduced by:
Paul Temple, Simon Peck
This set maps articles from the four main fields that influence the study of mergers and
acquisitions: economics, finance, strategic management and human resource management, and
encompasses a range of further perspectives. With a multidisciplinary approach, these
volumes integrate the main fields of reference for mergers and acquisitions and are
structured around the following issues:
The history of, and perspectives on, the modern business corporation and the role of
mergers and acquisitions
Causes of mergers and acquisitions activity
Consequences of mergers and acquisitions activity
Public policy and the corporation
A detailed index and new introduction are provided to guide the reader through this
multidisciplinary collection.
Contents:
Volume 1: Perspectives
Part 1: Historical Perspectives
1. A. A. Berle and G. C. Means Property in Transition The Modern Corporation and Private
Property [Harcourt, Brace, and World Inc., 1967]
2. A. D. Chandler Integration by Way of Merger The Visible Hand [Cambridge Mass: The
Belknapp Press of Harvard University Press, 1977]
3. L. Hannah The Rationalisation Movement The Rise of the Corporate Economy [Methuen &
co., 1983]
4. A. Singh Take-Overs, Economic Natural Selection, and the Theory of the Firm: Evidence
from the Post-War UK Experience Economic Journal [1975]
5. R. Dore A Society of Long-Term Commitments Stock Market Capitalism: Welfare Capitalism;
Japan and Germany versus the Anglo-Saxons
Part 2: Economic and Financial Perspectives
6. R. H. Coase The Nature of the Firm Economica [1937]
7. O. E. Williamson The Vertical Integration of Production: Market Failure Considerations
American Economic Review [1971]
8. R. L. Marris The Institutional Framework Managerial Capitalism in Retrospect
[Macmillan]
9. H. Manne Mergers and the Market for Corporate Control Journal of Political Economy
[1965]
10. E. T. Penrose The Economics of Diversification The Theory of the Growth of the Firm
[Basil Blackwell, 1959]
11. M. C. Jensen Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers American
Economic Review [1986]
12. S. J. Grossman and O. D. Hart Takeover Bids, the Free Rider Problem and the Theory of
the Corporation Bell Journal of Economics [1980]
13. F. M. Sherer Corporate Takeovers: the Efficiency Arguments Journal of Economic
Perspectives [1988]
14. D. C. Mueller Mergers: Theory and Evidence Mergers, Markets, and Public Policy [Kluwer
Academic, 1995]
Part 3: Strategic and Management perspectives
15. F. Trautwein Merger Motives and Merger Prescriptions Strategic Management Journal
[1990]
16. D. B. Jemison and S. B. Sitkin Corporate Acqusitions: a Process Perspective Academy of
Management Review [1986]
17. A. Nahavandi and A. R. Malekzadeh Acculturation in Mergers and Acquisitions Academy of
Management Review [1988]
18. R. Calori, M. Lubatkin and P. Very Control Mechanisms in Cross-border Acquisitions: An
International Comparison Organisation Studies [1994]
19. G. F. Davis and S. K. Stout Organisation Theory and the Market for Corporate Control
Administrative Science Quarterly [1992]
20. R. Larsson and S. Frankelstein Integrating Strategic, Organisational and Human
Resource Perspectives on Mergers and Acquisitions: A Case Survey of Synergy Realisation
Organization Science [1999]
Volume 2: Motivation
21. K. G. Palepu Predicting Take-over Targets: a Methodological and Empirical Analysis
Journal of Accounting and Economics [1986]
22. G. A. Walter and J. B. Barney Management Objectives in Mergers and Acquisitions
Strategic Management Journal [1990]
23. D. E. Sorenson Characteristics of Merging Firms Journal of Economics and Business
[2000]
24. A. Jacquemin and M. E. Slade Cartels, Collusion, and Horizontal merger Handbook of
Industrial Organisation [1989]
25. S. J. Grossman and O. E. Hart The Costs and Benefits of Ownership: A Theory of
Vertical and Lateral Integration Journal of Political Economy [1986]
26. P. L. Joskow Vertical Integration and Long Term Contracts: the Case of Coal-burning
Electric Generating Plants Journal of Law, Economics, and Organisation [1985]
27. D. Teece Towards an Economic Theory of the Multi-Product Firm Journal of Economic
Behaviour and Organisation [1982]
28. Y. Amihud and B. Lev Risk Reduction as a Motive for Conglomerate Mergers Bell Journal
of Economics [1981]
29. H. Odagiri Dynamic Strategies Growth through Competition, Competition through Growth
[Oxford University Press, 1992]
30. R. Roll The Hubris Hypothesis of Corporate Takeover Journal of Business [1986]
31. J. G. Matsusaka Take-over Motives During the Conglomerate Merger Wave Rand Journal of
Economics [1993]
32. J. F. Weston Divestitures: Mistakes or Learning Readings in Mergers and Acquisitions
[Blackwells, 1994]
33. P. Gibbs Determinants of Corporate Restructuring: The Relative Importance of Corporate
Governance, Take-over Threat and Free Cash Flow Strategic Management Journal [1993]
34. A. Shleifer and R.W. Vishny Value Maximisation and the Acquisition Process Journal of
Economic Perspectives [1988]
35. R. S. Harris and D. Ravenscraft The Role of Acquisitions in Foreign Direct Investment
Journal of Finance [1991]
36. M. L. Mitchell and J. H. Mulherin The Impact of Industry Shocks on Takeover and
Restructuring Activity Journal of Financial Economics [1996]
Volume 3: Performance Consequences
37. D. C. Mueller Mergers and Market Share The Review of Economics and Statistics [1985]
38. J. Baldwin and P. Gorecki Mergers Placed in the Context of Firm Turnover Bureau of the
Census [US Department of Commerce, 1990]
39. F. R. Lichtenberg and D. Siegel Productivity and Changes in Ownership of Manufacturing
Plants Brookings Papers on Economic Activity [1987]
40. S. Chaterjee Types of Synergy and Economic Value: the Impact of Acquisitions on
Merging and Rival Firms Strategic Management Journal [1986]
41. J. R. Franks and R. S. Harris Shareholder Wealth Effects of Corporate Takeovers: the
UK Experience 1955-1985 Journal of Financial Economics [1989]
42. A. Seth Value Creation in Acquisitions: a Re-examination of Performance Issues
Strategic Management Journal [1990]
43. S. Kaplan and M. Weisbach The Success of Acquisitions: Evidence from Divestitures The
Journal of Finance [1992]
44. P. Healy, K. Palepu and R. Ruback Does Corporate Performance Improve After Mergers?
Journal of Financial Economics [1992]
45. D. Shelton Strategic Business Fits and Corporate Acquisition: Empirical Evidence
Strategic Management Journal [1988]
46. M. A. Hitt, R. E. Hoskisson and R. D. Ireland Mergers and Acquisitions and Managerial
Commitment in M-form Firms Strategic Management Journal [1990]
47. K. G. Martin and J. McConnell Corporate Performance, Corporate Takeovers and
Management Turnover The Journal of Finance [1991]
48. A. Amihud, L. Baruch and N. G. Travlos Corporate Control and the Choice of Investment
Financing: The Case of Corporate Acquisitions The Journal of Finance [1990]
49. H. Singh and C. A. Montgomery Corporate Acquisition Strategies and Economic
Performance Strategic Management Journal [1987]
50. A. Shleifer and R.W. Vishny Takeovers in the 60s and 80s: Evidence and Implications
Strategic Management Journal [1991]
51. J. Franks and C. Mayer Hostile Takeovers and the Correction of Managerial Failure
Journal of Financial Economics [1996]
52. G. Jarrel and A. Poulsen Shark Repellents and Stock Prices: the Effects of
Anti-takeover Amendments Since 1980 Journal of Financial Economics [1987]
53. M. Lubatkin Mergers and the Performance of the Acquiring Firm Academy of Management
Review [1983]
54. M.Jensen and R. Ruback The Market for Corporate Control: the Scientific Evidence
Journal of Financial Economics [1983]
Volume 4: Implications for Policy
Part 1: The Broader Picture for Welfare
55. R. L. Marris and D. C. Mueller The Corporation, Competition and the Invisible Hand
Journal of Economic Literature [1980]
56. J. Stein Takeover Threats and Managerial Myopia Journal of Political Economy [1988]
57. A. W. Schelifer and R. W. Vishny Equilibrium Short-Horizons of Investors and Firms
American Economic Review, Papers and Proceedings
58. O. E. Hart Corporate Governance. Some Theory and Implications Economic Journal [1995]
59. A. W. Shleifer and L. H. Summers Breach of Trust in Hostile Takeovers Corporate
Takeovers: Causes and Consequences [University of Chicago Press, 1988]
60. R. Barrell and N. Pain FDI, Technological Change, and Economic Growth Within Europe
Economic Journal [1997]
Part 2: The Role of Policy
61. G. J. Stigler A Theory of Oligoploy Journal of Political Economy [1964]
62. H. Demsetz Two Systems of Belief about Monopoly Industrial Concentration: The New
Learning [Little, Brown & Company, 1974]
63. O. E. Williamson Economies as an Anti-trust Defence: the Welfare Trade-Offs American
Economic Review [1968]
64. M. A. Salinger Vertical Integration and Market Foreclosure Quarterly Journal of
Economics [1988]
Part 3: The Institutions
65. C. Pleatsikis and D. Teece The Analysis of Market Definition and Market Power in the
Context of Rapid Innovation International Journal of Industrial Organization [2001]
66. K. George and A. Jacquemin Dominant Firms and Mergers Economic Journal [1992]
67. E. J. Morgan European Community Merger Policy in the Service Industries: The Second
Phase The Service Industries Journal [1997]
68. L. L. Laudati Impact of Community Law and Competition on Member Competition Law
Competition Policies in Europe [1998]
69. H. Schenk Industrial Policy Implications of Competition Policy Failure in Mergers
Industrial Policy In Europe [1999]
Part 4: The Empirical Analysis of Policy
70. D. Miles Testing for Short-termism in the UK Stock Market The Economic Journal [1993]
71. D. M. Barton and R. Sherman The Price and Profit Effects of Horizontal Merger: a Case
Study Journal of Industrial Economics [1984]
72. R. Stillman Examining Antitrust Policy towards Mergers Journal of Financial Economics
[1983]
73. R. A. Prager The Effects of Horizontal Mergers on Competition: The Case of the
Morthern Securities Company The Rand Journal of Economics [1992]
74. J. G. Matsusaka Did Tough Antitrust Enforcement Cause the Diversification of American
Corporations? Journal of Financial and Quantitative Analysis [1996]
75. R. S. Khemani and D. M. Shapiro An Empirical Analysis of Canadian Merger Policy The
Journal of Industrial Economics [1993]
76. R. DeYoung Do Regulators Read the Literature? Bank Merger Regulation, 1963-1990
Southern Economic Journal [1994]
4 volume
