| Author | Nyo Nyo Aung Kyaw |
| Call Number | AIT RSPR no. SM-96-34 |
| Subject(s) | Consolidation and merger of corporations--Thailand
|
| Note | A research study submitted in partial fulfillment of the requirements for the degree of Master of
Business Administration, School of Management |
| Publisher | Asian Institute of Technology |
| Abstract | Mergers and Acquisitions activities have been said to become more and more popular in
Thailand as the companies want to become competitive. "The bigger, the better" goes with M&A
activities. M&As role in accelerating the growth of companies includes, most importantly, the
achievement of synergy, operating economy, skills and know-how transfer, and the business
network thereby market expansion and exploitation. Management at the stage of post-merger
integration is a critical element in successful operation of the companies after merger.
Countries in both developed and developing regions are placing more importance on role
ofM&As in the growth of companies and thereby to the economic development of the country.
This research study covers widely tthe development of M&As in developed and
developing countries especially in Asia and in particular in Thailand of which , studies are made
through the questionnaire survey and two case studies to understand more of M&A practices in
Thailand.
The main purpose of the first case study was to analyse the performance of companies
before and after merger through looking at the expectations of investors in the stock market, i.e.,
variations in stock prices of the company as the company is listed in the Stock Exchange of
Thailand. The second case study explored the performance of target company before and after
merger, compared pre and post-merger performance and analysed how the management has been
applying different tactics to gradually turning around the problem target company.
The intention of the survey was to understand more the general practices of M&A
activities in Thailand; how the companies are motivated, what kind of benefit they achieve through
mergers and lastly their recommendations on the policies of securities acquisitions in Thailand.
The important lesson learnt from this study was that some companies and the M&A
related advisors do not thoroughly consider or/and understand the rules and policies set by SEC
and SET. So, there is long and difficult process, for example, due diligence process. Therefore, it
is difficult to have a successful deal and thereby deterring the development of M&As in Thailand.
It is recommended that M&A deals in Thailand be handled by the experienced financial
institutions and advisors who understand rules thoroughly. In addition, SEC and SET procedures
are recommended to simplify as much as possible to facilitate more development of M&A in the
future. |
| Year | 1996 |
| Type | Research Study Project Report (RSPR) |
| School | School of Management (SOM) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (MBA) (Publication code=SM) |
| Chairperson(s) | Pandey, Indra M.
|
| Examination Committee(s) | Gupta, Jyoti P. ;Do, Ba Khang
|
| Scholarship Donor(s) | Asian Institute of Technology Partial Scholarship |
| Degree | Research Studies Project Report (M.B.A.) - Asian Institute of Technology, 1996 |