@article{oai:bunkyo.repo.nii.ac.jp:00003552,
 author = {小林, 謙二},
 issue = {2},
 journal = {文教大学国際学部紀要, Journal of the Faculty of International Studies Bunkyo University},
 month = {2009-01-01, 2009-11-19},
 note = {The phrase mergers and acquisitions (abbreviated M&A) refers to the aspects of corporate strategy, corporate finance and management dealing with the buying and selling of different companies. M&A can aid, finance, or help a company in a given industry grow rapidly without having to create another business entity. A merger is a tool used by companies for the purpose of expanding their operations, often withthe aim of increasing their long-term profitability. It is said that there are many different types of actions that a company can take when deciding to move forward with a M&A operation. Usually mergers occur in a consensual setting where executives from the target company help those from the purchasing company in a due diligence process to ensure that the deal is beneficial to both parties. An acquisition, better known as a "takeover," is the buying of one company (the target) by another. An acquisition may be friendly or hostile. In the former case, the companies carry out negotiations.In the latter case, the takeover occurs with a target company that is unwilling to be bought, or when the target company's board of directors has had no prior knowledge of the takeover offer. Recently, M&A has been used as a tool to foster sustainable growth. M&A markets were formedin the United States in the 1980s and in Europe in the latter half of the 1990s. The M&A market in Japan started out this century. The purpose of this research paper is to analyze the advantages and disadvantages of M&A operations carried out by venture companies and to delineate and clarify, through case studies, the various factors that underlie the failures and successes of M&A operations},
 pages = {37--62},
 title = {ベンチャー企業の成長戦略としてのM&Aリスク要因に関する研究 : 成功と失敗の事例},
 volume = {19},
 year = {}
}