Why do companies frequently acquire?
DOI:
https://doi.org/10.11606/issn.1982-6486.rco.2018.143279Abstract
Despite the relevance of frequent acquisitions as a corporate strategic program, little is known about the reasons for its occurrence. The studies focus on identifying the factors that determine the first acquisition, disregarding that companies can engage in successive events. To fill this gap, this study identifies the reasons that lead companies
to become frequent acquirers, comparing with what is already known about the motivations for the first acquisition. Through Logistic and Poisson Regressions, we identified that the predictors of the first acquisition contribute to explain the frequency of occurrence of these events. As well as, the frequency of acquisitions could be considered as a strategy to support the business competitiveness, which its main driver is the executives’ self-interest.
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