TY  - BOOK
AU  - Heiko Schön
PY  - 2015
CY  - Berlin, Germany
PB  - Peter Lang Verlag
SN  - 9783653058451
TI  - Pharma M&A versus alliances and its underlying value drivers
T2  - Are M&A or alliances the right therapy for an ailing pharmaceutical industry?- A capital market perspective
DO  - 10.3726/978-3-653-05845-1
UR  - https://www.peterlang.com/document/1049412
N2  - 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.
KW  - Mergers and Acquisitions, Success factors, Value creation
LA  - English
ER  -