International Science Community Association Research Journal of Management Sciences 2319 - 1171 3 2 2014 February 6 Characterizing and Predicting Takeover Targets: A Review 19 23 EN Deliana Yosini 1 Faculty of Agriculture Padjadjaran University, Jl. Raya Bandung – Sumedang Km 21, Jatinangor INDONESIA Iskandar Ishaq 2 Agricultural Technical Research Centre, West Java , Jl. Kayu Ambon Lembang- INDONESIA Kandanuri Varalakshmi 1 National Reseach Centre on Meat (NRCM), Hyderabad-500 092, INDIA Kittur Parveen 1 Chameli Devi Group of Institutions, Indore, Madhya Pradesh, INDIA MariaEvelyn Jucunda 1 VIT Busniess School, VIT University Chennai Campus, Vandalur – Kelambakkam Road, Chennai, INDIA > Review Paper 2014 1 5 2014 February 6 Mergers and acquisitions (M and A hereon)is one of the most important corporate restructuring process. Western countries have experienced titanic waves of M and A’s for the past four decades which had prompted the researchers to investigate M and A in various aspects. One major area of research in M and A is the characterizing and predicting the M and A targets. This paper explores and reviews the research in this area for the past forty years. The study analyzes the improvements and gaps in research in this area over the years. This study also provides the scope for future research in this area with special reference to emerging market economies. Though emerging economies were liberalized in the early 1990’s, research in M and A is still at its infant stage. Thus this study analyzes and provides the scope for future researchers in the area of characterizing and predicting M and A targets. Copyright@ International Science Community Association