Poszukiwanie nowych rozwiązań organizacyjnych przez fuzje przedsiębiorstw

Abstract

The author sets forth to prove that obtaining of information concerning potential Investment possibilities may provide a satisfactory motive for take-over a company, at least in the case of fusion of the conglomerate type. It is suggested in the article that search for new organizational solutions through fusions may become effective and hence we can speak about a rational behaviour of a company while making more or less standard assumptions. Some arguments in favour of the search through fusion hypothesis can be found in materials available a t present and concerning operation of fusions although it must be stated here that the scope of phenomenon of fusions based on the search motive is not too clearly defined. Successful results may be attributed to William son's studies, which point out that conglomerates represent effective end miniaturized capital markets while with in the fraework of the conglomerate companies grouped with in it observa a principle of rational and elastic activity. In the aree of the economic policy there is put forward an argument with regard to consideration of cases of conglomerate fusions free from horizontal and vertical implications. It is simultaneously suggested that absence of visible social benefits at the company level need not be a cause of worry.