growing through mergers and acquisitions. The inorganic growth also comes with its own advantages and disadvantages. A preference for growth through mergers and acquisitions (i.e. inorganic growth) started somewhere around the late 1890s. The mergers and acquisitions activities across the globe have taken occurred in merger waves as documented in the history of mergers and acquisitions. M&A waves refer to periods of heightened merger and acquisition activity. It was found that all the merger movements
companies.” (Thompson, Strickland and Gamble, 2010: 84) According to Hill (Hill, 2011: 205) there are two types of government arguments, political which focusses on protecting the welfare of particular groups at the expense of other groups and economic arguments which focusses on improving the general economy of a state. Political Arguments for Government’s Intervention There are various different types of political arguments that that focus on different areas in order to deal with various different issues
CHAPTER ONE INTRODUCTION 1.1 Background to the Study In the aftermath of Johnson Matthey Bankers’, Enron Corporation, WorldCom incorporated failure and a good number of other corporate financial scandals, issues of corporate governance became the focus of public discussion, as poor governance practice was identified as a major contributor to most of the failures. Furthermore, the tragic event of the Russian financial scandal and Asian financial