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Pharma M&A versus alliances and its underlying value drivers: Are M&A or alliances the right therapy for an ailing pharmaceutical industry?- A capital market perspective - Corporate Finance and Governance Heiko Schoen New edition
Pharma M&A versus alliances and its underlying value drivers: Are M&A or alliances the right therapy for an ailing pharmaceutical industry?- A capital market perspective - Corporate Finance and Governance
Heiko Schoen
This study analyzes 229 M&A and 120 in-licensing deals in the pharmaceutical industry. The author shows from a capital market perspective that M&A experiences significant, negative cumulative average abnormal returns whereas in-licensings are able to create value. Significant determinants of success for both strategies are derived.
201 pages
| Media | Books Hardcover Book (Book with hard spine and cover) |
| Released | September 28, 2015 |
| ISBN13 | 9783631663813 |
| Publishers | Peter Lang AG |
| Pages | 201 |
| Dimensions | 215 × 154 × 17 mm · 362 g |
| Language | French |