Mergers, acquisitions and strategic alliance
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... and acquisitions (M&A) have become a staple of newspaper headlines (Rothenbuecher & Hoyningen-Huene, 2008). They continue to be a popular form of corporate development irrespective of the success of the mergers and acquisitions but M&A should be seen as a long-term strategic orientation of the firm instead of a one-time business tactic for short-term goals (Lin, Hung & Li, 2006). Technological advancements and globalization have contributed to the process of M&A across borders (Shimizu, Hitt, Vaidyanath & Pisano, 2004). Industry consolidation and privatization, and the liberalization of economies are the most significant factors that have fueled M&A at the international level. However, industry and...