Study on Mergers and Acquisitions Motivations in Iranian Stock Market

This paper uses the theoretical basics of mergers and acquisitions and valid researches in this area to recognize the motivations of acquirer firms by using questionnaires to collect data. The collected data are studied from different aspects and findings related to theoretical basics were achieved. Analysis the findings and comparing them with foreign valid researches shows that in parallel with following the theoretical basics by the results of this research in some cases such as acquiring the other firms because of its undervalue stocks the results have conflicts with theoretical basics that it can be from the non- efficient stock market of Iran.