Davies, Gary; Chun, Rosa - In: Advances in mergers and acquisitions : Vol. 3, (pp. 131-148). 2004
Most mergers and acquisitions fail to achieve their financial objectives (Buono & Bowditch, 1989; Cartwright & Cooper, 1996). For example, only 12% of a sample of mergers and acquisitions managed to accelerate their average revenue growth significantly over the three years after the companies came...