Date of Award


Document Type


Degree Name

Master of Science



First Advisor

Joseph Ancona

Second Advisor

Bernard Weinrich

Third Advisor

Michael Wood


Most mergers and acquisitions fail to meet the original goals set forth for engaging in the merger. Merger failure is the failure to meet these goals in a reasonable time frame, usually five years. As a result, most mergers and acquisitions fail.

There are several causes of merger failure which are described in detail. The most significant causes are that most corporations merge or acquire for the wrong reasons, and that they fail to do adequate strategic planning before and during the merger process . As a result, up to ninety percent of the mergers and acquisitions consummated during the current "merger wave" have or will fail.

This paper described the forces which drive mergers and acquisitions, the cause and effect relationships of merger failure and identifies several key steps which can be taken to offset the likelihood of merger failure.

Creative Commons License

Creative Commons Attribution-NonCommercial 4.0 International License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

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