The corporate merger

This book is based on a seminar organized by the University of Chicago Graduate School of Business, cosponsored by the McKinsey Foundation. Businessmen and scholars in finance, econmics, marketing, and organization compare growth by acquisitio and by internal means in an attempt to relate mergers and acquisitions to the sometimes divergent interests of management and shareholders.

Three main areas covered -- the relation of growth to profit, the execution of specific mergers, and managerial problems after the merger. Each paper is followed by an edited transcript of the discussion generated by it at the seminar. The approach is varied in each case: some contributors pose the issues; some apply the appropriate economic theory; and some privide important empirical information.