CRITICAL REVIEW OF WHY MERGER AND ACQUISITIONS TEND TO FOLLOW A CYCLICAL PERIODS OR WAVES. A CASE STUDY ANALYSIS

Annotation: This paper critically reviews the cyclical nature of mergers and acquisitions (M&A) activity, exploring the key factors that drive these cycles and analyzing the patterns that emerge over time. Through a case study approach, the research delves into the economic, strategic, and market conditions that lead to periods of heightened M&A activity, followed by slowdowns or downturns. It also examines the influence of financial markets, technological innovations, regulatory changes, and corporate strategies on M&A cycles. By analyzing historical data and recent trends, the study provides insights into why M&A activity often follows a wave-like pattern, highlighting the motivations, risks, and outcomes associated with different phases of the cycle. Key words: Mergers and Acquisitions, cyclical patterns, economic cycles, corporate strategy, financial markets, market conditions, regulatory changes, case study analysis, business consolidation, strategic growth.