English summary: Mergers and Acquisitions (M&A) are important means of corporate development. Through M&A size and structure of corporations can be changed fast and extensively. Meanwhile empirical studies show, that frequently the real goals aspired by M&A are not achieved. The core of this book is made up of the question how acquisitions and other forms of corporate mergers can be initiated, planned and executed successfully. M&A are discussed holistically from the perspectives of strategic management and the financial world. Special attention is paid to including results of recent economic research in it's variety of fields. Many practical examples illustrate the presentation in order to give the reader a vibrant picture of the challenges of M&A. German description: Mergers & Acquisitions (M&A) sind ein wichtiges Mittel der Unternehmensentwicklung. Mit ihrer Hilfe lassen sich Grosse und Struktur von Unternehmen schnell und weitreichend verandern. Allerdings zeigen empirische Studien, dass in der Praxis haufig die mit M&A-Transaktionen angestrebten Ziele nicht erreicht werden. Im Zentrum des Lehrbuchs steht deshalb die Frage, wie Akquisitionen und andere Formen von Unternehmenszusammenschlussen erfolgreich initiiert, geplant und durchgefuhrt werden konnen. M&A werden in diesem Lehrbuch integriert aus der Perspektive des Strategischen Managements und der Perspektive der Finanzwirtschaft diskutiert. Es wird Wert darauf gelegt, den aktuellen Stand der empirischen Forschung zu den verschiedenen Teilgebieten wohl reflektiert einzubinden. Zahlreiche Praxisbeispiele illustrieren die Darstellung, um dem Leser die Herausforderungen von M&A lebendig zu vermitteln.About the Author: Contributor Biography - English Martin Glaum is professor for international management and accounting at the university of Giessen. Thomas Huetzschenreuter is professor fpr corporate development at the WHU-Otto Beisheim School of Management in Vallendar. Contributor Biography - German Martin Glaum ist Professor fur Internationales Management und Rechnungslegung an der Universitat Giessen. Thomas Hutzschenreuter ist Professor fur Unternehmensentwicklung an der WHU-Otto Beisheim School of Management in Vallendar.
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