Foreign direct investment - the major driving force of globalization - is increasingly dominated by merger and acquisition activities. Since the mid-1990s, an unprecedented wave of foreign direct investment and a corresponding wave of cross-border mergers and acquisitions can be observed. As a...

This paper presents some ideas about determinants of merger waves and some evidence on their effect on profitability and employment. A brief survey of previous merger waves and an analysis of the recent one give support to the hypothesis that sectoral shocks are at the root of merger waves....

Vom 28. bis 30. Juni 2002 veranstaltete die Akademie für politische Bildung Tutzing unter der Leitung von Prof. Dr. Peter Hampe (Akademie Tutzing) und Prof. Dr. Dr. Karl Homann (Universität München) eine Konferenz zu dem Thema "Ethos oder Ellbogen? Zu den Wertgrundlagen der Sozialen...