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MERGERS & ACQUISITIONS IN THE ELEVATOR INDUSTRY: THE USE OF ICTs TO AVOID INFORMATION ASYMMETRY
  • Juan de la Guardia,
  • Miguel Palacios,
  • Ricardo Zurdo
Juan de la Guardia
Universidad San Pablo CEU

Corresponding Author:juan.dlg@hotmail.com

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Miguel Palacios
ESCP Business School - Madrid Campus
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Ricardo Zurdo
Universidad San Pablo CEU
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Abstract

Mergers and acquisitions operations continue to be one of the most explored growth strategies in all markets, and this is indeed the case in the elevator industry. The volume of investments grows year after year. It is the fastest way to grow in international and domestic markets, but the reality is that a high percentage of the operations carried out do not meet the expectations of the investors once the integration phase has been completed. There are several causes of failures in mergers and acquisitions processes, such as lack of commitment from the management, an unrealistic business plan, cultural shock, etc. But the most common one, and the one with the highest risk in an acquisition decision, is information asymmetry. During the negotiation phase a large amount of data is collected, and subsequently analyzed during the due diligence period, but it may not correspond to the reality during the integration phase. In this article we will propose how information asymmetry can be avoided through the application of information and communication technologies (ICTs) via internet of things (hereinafter IoT) devices in the elevator industry. This can also be applied to other industries.
09 Dec 2021Submitted to Engineering Reports
10 Dec 2021Submission Checks Completed
10 Dec 2021Assigned to Editor
18 Dec 2021Reviewer(s) Assigned
02 Mar 2022Editorial Decision: Revise Major
26 Apr 20221st Revision Received
27 Apr 2022Submission Checks Completed
27 Apr 2022Assigned to Editor
27 Apr 2022Reviewer(s) Assigned
16 May 2022Editorial Decision: Accept