Читать книгу Applied Mergers and Acquisitions - Robert F. Bruner - Страница 74

What drives these waves of M&A activity, creating “hot” and “cold” markets for firms? What causes some industries to grow hot and others remain cold? Research lends some speculative answers to these questions. The explanations should be approached with caution since they are not mutually exclusive and more research remains to be done. But these ideas can help the practitioner frame a view about M&A activity, and thus more ably interpret events and opportunities as they appear. While some of these explanations are stronger than others, they all offer a useful perspective on the activity we observe.