The Value Killers: How Mergers and Acquisitions Cost Companies Billions--And How to Prevent It

Fernandes, Nuno

商品描述

The first book based on a holistic analysis of successful and unsuccessful M&A transactionsIdentifies the key causes of failures and successes in mergers and acquisitions and offers prescriptions to increase the odds that future transactions will deliver all the anticipated synergiesOffers practical advice to help managers and boards ensure that target companies are properly valued, potential synergies and risks are identified in advance, and checks and balances are installedGathers decades of research alongside in-depth interviews and case studies of more than a dozen executives from around the world, all of whom have hands-on experience with successful (and sometimes unsuccessful) mergers and acquisitions

作者簡介

Nuno Fernandes is Full Professor of Finance at IESE Business School, Spain. He is also a research associate of the European Corporate Governance Institute (ECGI), and the Chairman of the Board of Auditors of the Portuguese Central Bank (Banco de Portugal). Prior to joining IESE, he was the Dean of Católica Lisbon School of Business and Economics. In addition, he was, for a decade, Professor of Finance at IMD (Lausanne, Switzerland). At IMD, Professor Fernandes directed the Strategic Finance program, among other customized programs for leading international companies. He was also a member of the Advisory Committee for the World Economic Forum, and a Visiting Scholar at Columbia Business School (New York). A specialist in corporate finance, international financial markets, and emerging market risks, Fernandes has been published in leading international academic journals, including the Journal of Financial Economics, Review of Financial Studies, Journal of International Business Studies, and the Journal of Portfolio Management. He speaks at business conferences in Asia, Europe, and North America, and is a regular contributor to The Financial Times and The Wall Street Journal. Fernandes advises companies and financial institutions in Asia, Europe, Latin America, and the Middle East on formulating winning financial strategies, investments, international valuations, M&As, and risk management. His work has earned recognition that includes the AEFIN prize and a grant from the FDIC (the U.S. regulator for financial institutions). In 2008, he received the Lamfalussy Fellowship from the European Central Bank.