...Stephanie Slater; Stan Paliwoda; Jim Slater This paper examines the behaviour of Japanese pharmaceutical corporations in the light of recent merger activity, questioning strategic momentum theory given the particularly significant influence of culture on the decision‐making process in this market...

..., banks followed strategies of merger and acquisition with two objectives in mind. The first objective is to merge with domestic competitors to maintain their positions in their domestic markets for protection against foreign banks. The second objective is to acquire interest in foreign markets...