This milestone Handbook brings together an impressive collection of international contributions on micro research in Organizational Behavior. Focusing on core micro Organizational Behavior issues, chapters cover key themes such as individual and group behaviour. The Sage Handbook of Organizational Behavior Volumes I provides students and scholars with an insightful and wide reaching survey of the current state of the field and is an indespensible road map to the subject area. The Sage Handbook of Organizational Behavior Volume II will publish in November 2008. Edited by Stewart R Clegg and Cary L Cooper this Handbook draws together contributions from leading macro Organizational Behavior scholars.

Mergers and Acquisitions: Why 2 + 2 does Not Always Make 5

Mergers and acquisitions: Why 2 + 2 does not always make 5

A high level of merger and acquisition (M&A) activity has been an enduring feature of both domestic and international business for several decades. In 2004 alone, over 30,000 M&As were completed, equivalent globally to one transaction every 18 minutes (Cartwright and Schoenberg, 2006). M&As represent a means by which organizations can achieve diversity, growth and rationalization and so more rapidly respond to the demands of a changing global environment (Cartwright and Cooper, 1997). M&As also provide an opportunity for developing market economies, such as Central, Eastern Europe and China to attract much-needed foreign direct investment (Cooke, 2006).

Over 30 years ago, Hovers (1973) ...

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