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Mergers and Acquisitions: Their Role in the Process of Diversification of an Enterprise

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  • Ireneusz Janiuk

    (BIALYSTOK UNIVERSITY OF TECHNOLOGY)

Abstract

This article aims to present the possibilities of using mergers and acquisitions (M&As) in diversification. Its theoretical part contains definitions of diversification and a review of literature on M&As in enterprise growth. Next, it analyzes the M&A market in Poland compared to the markets of Central and Southeast Europe. It presents diversification in the light of the main theories of firm growth and contains a review of the research on the subject of diversification as a growth concept of companies. The empirical section presents case study analyses of six Polish companies regarding the ways in which the firms pursue diversification. The research shows that the dairy companies engage in product diversification, while the meat firms implement industrial diversification. The companies examined in the course of research exemplify the phenomena connected with the use of M&As in diversification.

Suggested Citation

  • Ireneusz Janiuk, 2017. "Mergers and Acquisitions: Their Role in the Process of Diversification of an Enterprise," Theory Methodology Practice (TMP), Faculty of Economics, University of Miskolc, vol. 13(01), pages 37-52.
    • Handle: RePEc:mic:tmpjrn:v:13:y:2017:i:01:p:37-52
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Mergers and Acquisitions; Diversification; Competitive Advantage; Strategy Processes;
    All these keywords.

    JEL classification:

    • D2 - Microeconomics - - Production and Organizations
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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