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

By Heiko Scheon, Heiko Schon, Heiko Schön

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.

• Format: Hardcover
• Language: English
• ISBN: 3631663811
• ISBN13: 9783631663813
• Release Date: September 2015
• Publisher: Peter Lang Gmbh, Internationaler Verlag Der W
• Length: 201 Pages
• Weight: 0.87 lbs.
• Dimensions: 0.5" x 5.8" x 8.3"