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Megamergers in a Global Economy : Causes and Consequences by Benton E Gup; Financial Management Association (USA) is a book available to read on EtoBox.

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<p>Citibank merged with Travelers. Daimler-Benz (Germany) acquired Chrysler (U.S.). In Japan three large banks combined to form the biggest bank in the world. What's going on? Cross-border and domestic megamergers continue to make headlines, but megamergers themselves are not new. What is new is their size. along with the fact that they increasingly occur across national boundaries. What are the consequences? Gup and his panel of distinguished contributors take a careful look. They explain why these combinations are occurring--the liberalization of markets, changes in technology, and the globalization of business generally are some reasons--and the possible results. They find that megamergers are risky--more than half of the cross-border ones do not add shareholder value--and they raise complicated, so far unanswered questions, such as Who's going to bail these failures out when they're supposedly 'too big to fail' but do? Also explored are topics on international regulatory issues and mergers in the banking industry specifically. Drawn from academia, the Federal Reserve, the International Monetary Fund, and the Federal Deposit Insurance Corporation, the contributors to this fascin

Author

Benton E Gup; Financial Management Association (USA)

Publisher

Westport, Conn.: Quorum Books

Published

2001

Language

EN

ISBN

9781567204025

Subjects

Management, Finance, Economics