Both M&A and innovation are instruments for growth and competitive advantage. Therefore they are fundamental to each firm?s competitive strategy. Usually, both instruments have been studied separately, but much less in conjunction. This is unfortunate as both processes - the process of...

Fusionen und Akquisitionen ("mergers and acquisitions", M&A) prägen seit vielen Jahren die wirtschaftliche Entwicklung erheblich. Insbesondere während der Zeit der so genannten "new economy" in den Jahren 2000 und 2001 erreichten sowohl die Anzahl als auch die Volumina von M&A-Transaktionen...

The brewing industry has experienced massive changes over the last decade. Industry concentration has increased dramatically, and the leading brewing groups have globalised their operations across virtually all continents. Based on a major data base the paper traces some causes and assesses the...