Measuring the Barriers

Cody, Tamika
May 2011
Mergers & Acquisitions Report;5/2/2011, Vol. 24 Issue 18, p17
The article looks at a study by the Morningstar about the barriers in mergers and acquisitions deals. These include high switching costs, cost advantages, and intangible assets. According to Heather Brilliant, vice president of equity and credit research at Morningstar, the network effect is one of the highest barriers to entry. Meanwhile, size or marketshare, which can make investors more exposed when business either plateaus or plummets, and technology are considered as phantom barriers.


Related Articles

  • Chapter 7: Acquisitions and Mergers. Cunill, Onofre Martorell // Growth Strategies of Hotel Chains: Best Business Practices by Le;2006, p73 

    The article examines the problems involved in acquisitions and mergers in the hotel industry. Companies merge to reduce competition, to increase the company's efficiency and profitability, to improve stability of results, to find an outlet for surplus funds and for fiscal reasons. External...

  • HEATHER BRILLIANT. Marek, Lynne // Crain's Chicago Business;12/2/2013, Vol. 36 Issue 48, p0041 

    The article features Heather Brilliant, global director of equity and corporate credit research of Morningstar Inc. and a member of "Crain's Chicago Business" 40 Under 40 List for 2013.

  • Morningstar acquires Old Broad Street Research. Lewis, Adam // Fund Strategy;4/19/2010, p10 

    The article reports that Morningstar Inc. has purchased Old Broad Street Research (OBSR) for 11.95 million pounds which will be managed by OBSR co-founders Richard Downs and Richard Romer-Lee.

  • VALORISATION ET REPORTING DU GOODWILL. Dejean, Frédérique; Naro, Gérald // Comptabilité Contrôle Audit;Apr2012, Vol. 18 Issue 1, p196 

    No abstract available.

  • Effects of "Anti-competitive" Mergers in R&D Intensive Industries. Cardon, James H.; Sasaki, Dan // Problems & Perspectives in Management;2004, Issue 3, p5 

    The effect of merger among competing firms in the same industry is twofold. It increases concentration, which has a negative effect on welfare unless the merger substantially lowers production costs. If products are differentiated, however, there is another effect: before the product is...

  • HOTPICK.  // Lightwave;Jun2004, Vol. 21 Issue 6, p6 

    Reports on the agreement of Finisar Corp. to acquire the Fiber Options Business Unit of Infineon Technologies. Market share in the optical-component industry; Valuation implied in the acquisition transaction.

  • Getronics takes Dutch lead with PinkRoccade takeover.  // MarketWatch: Technology;December2004, Vol. 3 Issue 12, p31 

    Reports on the merger between information technology (IT) services provider, Getronics, with local rival PinkRoccade in the Netherlands. Terms of the proposed deal; Value of the entire company; Increase in market share; Establishment of Getronics as the largest IT services provider in the country.

  • It's a long and winding road. O' Halloran, Joe // IBE: International Broadcast Engineer;Nov2002, Issue 331, p18 

    Focuses on the prospect of mergers and acquisitions of corporations in the broadcasting industry. Acquisition of Sigma Inc.'s systems by Liberate Technologies Inc.; Need to consider market share; Importance of diversification.

  • Entrepreneurial human capital, complementary assets, and takeover probability. Lehmann, Erik; Braun, Thorsten; Krispin, Sebastian // Journal of Technology Transfer;Oct2012, Vol. 37 Issue 5, p589 

    Although acquisitions of high-tech entrepreneurial firms are of great popularity within the technology transfer process, the limited empirical evidence on this type of technology transfer shows that these acquisitions often lead to dismal results in that a large number of acquired key inventors...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics