Outlook and Conclusion
Outlook and Conclusion
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展望与结论
DOI：
10.1007/978-3-642-22778-3_7
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发表时间：
2012
影响因子：
8.6
通讯作者：
Farsam Farschtschian
中科院分区：
文献类型：
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作者：
Farsam Farschtschian
目前为止，已经出现过多次并购突然增加的情况，当经济危机缓解后，新的并购浪潮还会再次出现。一百年前，二十世纪之交，并购活动突然增加，这可能是美国有记录以来规模最大、最显着的一次。它建立了大部分引领美国经济直至 20 世纪 60 年代和 1970 年代的大公司。其中包括通用电气、美国钢铁公司、通用汽车、亚历山大·格雷厄姆·贝尔的AT&T、洛克菲勒旗下的联营公司等。欧洲的情况也是如此，例如西门子。此后，欧洲和美国又发生了几起并购突然增加的事件。在 20 年代的最后几年，许多小公司合并成立了更大的公用化工公司，例如 Steel-Union、Interessen-Gemeinschaft Farbenindustrie AG 或其相应的英国公司 Imperial Chemical Industries。此外，在此期间，几家较大的英国和德国银行合并了。这些发展导致市场上公司数量的整合。
Up to the present, there have been many sudden increases in M&A and new waves will occur again when the economic crisis have been alleviated. The sudden increase in M&A a hundred years ago at the turn of the 20th century was probably the largest and most significant recorded in the United States. It established the vast bulk of large corporations that lead the American economy right up to the 1960s and 1970s. These included, amongst others, the GEs, the United States Steel Corporations, the GMs, Alexander Graham Bell’s AT&T, associated companies under Rockefeller, etc. This was also the case in Europe, for example, with Siemens. Since then, several other sudden increases in mergers have happened in European and the US. In the final years of the 1920s, many small firms merged establishing the bigger utility-chemical firms such as Steel-Union, the Interessen-Gemeinschaft Farbenindustrie AG, or its corresponding British firm, Imperial Chemical Industries. Furthermore, during this time several larger British and German banks merged. These developments resulted in a consolidation of the number of corporations in the market.