Volume XXIII (XIII), 2014/1
In the literature there are many theories that try to explain why firms adopt the strategy of growth through mergers and acquisitions, or examine the particularities and consequences of this strategy. The purpose of this paper is to highlight, based on certain theories, the most important concepts for understanding the causes and motivations of mergers and acquisitions. Thus, in this paper we address successively the concepts of synergy, market power, information asymmetry, managerial discipline, managerial behaviour, agency costs, transaction costs, barriers to entry.
Keywords: mergers, acquisitions, synergies, efficiency, value creation
ISSN 1583-0691, CNCSIS "Clasa B+"