The role of intellectual capital in mergers and acquisitions

Abstract

The goal of this paper is to research the role of IC in M&A based on multiple case studies about M&As transaction in pharmaceutical and biotechnological industry. The tasks that were outlines were: to analysis of exciting literature about IC in M&A and literature review, collect and analyze data gathered from data bases, company’s web sites, annual reports, and press release, newspaper and magazine articles, select the sample of case studies relevant to the topic and using categorization method and method of context analysis investigate the role of IC in M&As, and based on the result draw research conclusions, limitations, managerial applications and further directions. Main findings: IC plays important role during M&As transactions, but many companies fail to understand its significance. The rile of IC capital was studied in terms of human capital, structural capital and relational capital.