Matching Items (3)
Description
This thesis seeks to explore the contrast between the performance of mergers and acquisitions and the propensity of CEOs to enter into these deals. M&A are common means by which firms achieve inorganic growth, but they often perform poorly and fail to accrue expected returns. This apparent contrast between deal popularity and performance prompts further examination and an application of theoretical concepts from the field of strategic management. Following a review of M&A theory, this thesis explores agency theory and managerial hubris and applies these concepts to executive decision-making in M&A. Four hypotheses are presented, evaluating the effects of compensation structure and overconfidence on the M&A decision-making behavior of executives.
ContributorsQuinty, Nicole Anne (Author) / Arrfelt, Mathias (Thesis director) / Nahrgang, Jennifer (Committee member) / Nemanich, Louise (Committee member) / Barrett, The Honors College (Contributor) / School of Accountancy (Contributor) / Department of Management (Contributor)
Created2013-05
Description
This thesis provides a detailed analysis and risk assessment of the various stakeholders impacted by the US Airways-American Airlines merger. The stakeholders include employees, shareholders, new American passengers, the cities of Phoenix and Dallas, and other airlines. In order to understand how these stakeholders are impacted, we did thorough analysis of past major airline mergers and referenced cases from those mergers. Because the history of the airline industry is filled with hundreds of mergers and acquisitions, we only reference the America West-US Airways, Delta-Northwest, United-Continental, and Southwest-AirTran mergers in our thesis.
ContributorsFoletta, Hannah (Co-author) / Duckworth, Jessica (Co-author) / Dawson, Gregory (Thesis director) / Moser, Kathleen (Committee member) / Barrett, The Honors College (Contributor) / Department of Marketing (Contributor) / Department of Finance (Contributor) / Department of Information Systems (Contributor) / School of Accountancy (Contributor) / W. P. Carey School of Business (Contributor) / WPC Graduate Programs (Contributor)
Created2014-05
Description
Abstract Mergers and Acquisitions: A Study of mergers and Acquisitions of Banking Institutions in Arizona and the Effect on the Community Benjamin Paul Taylor II A great deal of research has been conducted on mergers and acquisitions of banks across the country; however, few studies have consisted of mergers of Arizona banks. Therefore, this study focused on (1) gaining a greater insight on how mergers of banks personally enhance or impede employees and the community of Arizona, (2) addressed the issue of whether some bank employees received and "golden parachutes," which are compensation packages given to top level management when banks merge, and (3) provided an "insighter's point of view" by investigating through qualitative methods bank employees' feelings about Arizona bank mergers and acquisitions.
ContributorsTaylor, Benjamin (Author) / Mata, David (Thesis director) / Barrett, The Honors College (Contributor)
Created2000-12