(Advances in Management and Business Studies)
by Simon Segal (Author), James Guthrie (Author), John Dumay (Author)
Among
the significant repercussions of the coronavirus pandemic is escalating
public questioning of the desirability and sustainability of the market
economy and the societal role of business. These concerns are linked to
merger and acquisition (M&A) activity, with significant disruptive
consequences for stakeholder relationships and their management. This
book explores these changes, moving away from the traditional focus on
the financial and strategic aspects of M&A and its rational,
technocratic approach.
Viewing M&A activity as
economic, political, and social (EPS) processes, Segal provides a
dialectic understanding of stakeholder relationships around M&A
activity and challenges the view that M&A activity is static,
linear, and predictable. He develops a conceptual framework to enable
practitioners, researchers and policymakers to identify, understand and
address the stakeholder and management implications of M&A activity.
This is applied to four case studies that make explicit how complex
stakeholder relationships play out around M&A and how these power
dynamics were managed with different balances.
Useful
for academics, researchers, managers, advisors, investors, analysts,
and other stakeholders, this book highlights the need to understand the
EPS implications and processes involved around M&A.
