Mergers and Acquisitions: Do They Create or Destroy Value?
from Gresham College Hosted by Gresham College
Mergers and acquisitions (M and A) are perhaps the most important decisions that a company ever faces, yet very many deals destroy substantial value. Uploaded 10-06-26This talk will discuss the correct and incorrect motives for M and A, using both examples and large-scale evidence. It will discuss the conflicts of interest that may lead investment banks to persuade clients to do value-destroying deals, and ways to motivate these conflicts. It will also critically analyse policy proposals to reform M and A, e.g. a national interest test.A lecture by Alex Edmans, Gresham Professor of Business 5 June 2019The transcript and downloadable versions of the lecture are available from the Gresham College website: https://www.gresham.ac.uk/lectures-and-events/mergers-acquisitions-valueGresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website.
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