Restructuring American Corporations: Causes, Effects, and Implications

Review
This extensive restructuring of American corporations during the 1980s has dramatically altered the organization of business in the US. Alkhafjai presents a scholarly and thorough survey of the many issues associated with this corporate evolution. Restructuring as viewed in this book includes mergers, takeovers, buyouts, ESOPs, and acquisitions. All these activities are examined in a series of chapter-length essays that constitute the heart of the book. The analysis focuses on managerial and organizational issues. Only weakly examined are the many economic questions generated by restructuring such as agency conflicts, risk shifting, and wealth transfers between claimholders. The book's extension of restructuring to include international markets is especially interesting. Alkhafaji's analysis of European privatization and the role of global financial intermediaries such as the World Bank and the International Monetary Fund will prove highly useful as the Eastern bloc markets continue to emerge. The author also discusses various managerial strategies and responses suitable over the course of a corporate restructuring; this commentary may be the best in the entire book. Excellent chapter-end bibliographies reflect both academic and practitioner contributions. Highly readable and conveniently organized, this book is a worthwhile acquisition for both corporate and academic libraries.Choice

Book Description
Written for financial and management executives, this volume provides a comprehensive and detailed examination of the restructuring of American business which has resulted from a spate of large-scale mergers, acquisitions, takeovers, and buyouts. Alkhafaji explores the reasons for the increasing popularity of takeovers, mergers, and buyouts; who benefits from and who is affected by these strategies; who loses and who wins in the process; the international aspects of corporate restructuring; and the future implications for financial and senior managers.

About the Author
ABBASS F. ALKHAFAJI is Associate Professor of Management at Slippery Rock University.


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Written for financial and management executives, this volume provides a comprehensive and detailed examination of the restructuring of American business which has resulted from a spate of large-scale mergers, acquisitions, takeovers, and buyouts. Alkhafaji explores the reasons for the increasing popularity of takeovers, mergers, and buyouts; who benefits from and who is affected by these strategies; who loses and who wins in the process; the international aspects of corporate restructuring; and the future implications for financial and senior managers.


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