Strategic Corporate Alliances: A Study of the Present, A Model for the Future - Book Review,
by Louis E.V. Nevaer

Review The issue of whether corporate mergers and acquisitions provide any real and lasting benefit or are detrimental to American industry and the economy remains controversial. Although more and more observers have argued the latter position in the periodical literature, this volume is one of the few booklength works to argue the case against frenetic merger and acquisition activity. The authors survey existing literature and examine arguments on both sides of the issue, concluding that the recent wave of mergers and acquisitions is jeopardizing America's position on the global economy. The book is well documented throughout and contains a bibliography. An excellent addition to any library serving graduate or undergraduate management students or professional audiences.Choice
Book Description This volume takes a critical look at the various forms of corporate restructurings prevalent today and at their longterm implications for the structure of corporate America. Nevaer and Deck analyze the opportunity costs being incurred by both individual firms and the entire nation through the wave of takeover activity in the 1980s, demonstrating that the large debts taken on by corporate America to either finance or fend off takeovers has hampered America's ability to compete effectively in world markets. They then identify the essential criteria for a truly successful alliance, merger, or acquisition and suggest models for such restructurings in the future.
About the Author LOUIS E.V. NEVAER is Director of Political Analysis at International Credit Monitor, a consulting firm specializing in political risk assessments, of which he is co-founder. STEVEN A. DECK is Executive Director of Data and Statistical Analysis at International Credit Monitor, of which he is co-founder.
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