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From a capital market perspective, the author analyzes Merger and Acquisitions transactions (M&A) and in-licensings in the pharmaceutical industry between 1998 and 2012. Utilizing the event study methodology, the volume shows that M&A experiences significant, negative cumulative average abnormal returns whereas in-licensings are able to create value. But what are the underlying value drivers which make a deal a success or a failure story? The author derives significant innovative determinants of success for both strategies.
Autorius: | Heiko Schön |
Serija: | Corporate Finance and Governance |
Leidėjas: | Peter Lang |
Išleidimo metai: | 2015 |
Knygos puslapių skaičius: | 202 |
ISBN-10: | 3631663811 |
ISBN-13: | 9783631663813 |
Formatas: | 216 x 153 x 15 mm. Knyga kietu viršeliu |
Kalba: | Anglų |
Parašykite atsiliepimą apie „Pharma M&A versus alliances and its underlying value drivers: Are M&A or alliances the right therapy for an ailing pharmaceutical industry?- A capital market perspective“