Implications of Cross-Border Mergers and Acquisitions by TNCs in Developing Countries: A Beginner’s Guide
نویسنده
چکیده
International mergers and acquisitions have become the preferred mode of overseas investment by multinational companies, accounting for the bulk of FDI in the developed world and for increasing shares in the developing world. However, many government s express concern about this mode of MNC entry, preferring 'greenfield' investments to the takeover of national firms. This paper provides an overview of the main economic costs and benefits that may be involved and argues that M&As do have costs but these may be over-stated.
منابع مشابه
Cross Border Mergers and Acquisitions by Indian firms-An Analysis of Pre and Post Merger performance
The corporate sector all over the world is restructuring its operations through different types of consolidation strategies like mergers and acquisitions in order to face challenges posed by the new pattern of globalization, which has led to the greater integration of national and international markets.. The intensity of cross-border operations recorded an unprecedented ...
متن کاملWhat drives mergers and acquisitions waves in developing countries? Evidences from Iranian banking industry
M any Middle-East countries, like Iran, have dynamic banking industries and have observed merger and acquisitions (M&A) waves. M&A waves are usually defined in the developed world context and some of their main drivers were identified as: market timing, environment's shocks, merger manias, government regulation and regulatory, and technological changes. It has been discussed that merger waves ...
متن کاملStrategic heterogeneity in the global mining industry
The mining industry is global in the sense that its largest companies come from a number of countries, including developing countries. The global nature of the industry raises the question as to whether such a geographically diverse set of firms make similar strategic choices, and what the consequences of these choices are for both firms and nations. In this study, we examine a sample of the tw...
متن کاملCross-border mergers and acquisitions by emerging market firms: A comparative investigation ¬リニ
This paper applies and extends resource dependence theory (RDT) to comparatively investigate major factors that determine the level of cross-border mergers and acquisitions (M&As) by emerging market firms (EMFs) in developed and developing markets. We argue that the resource dependence logic of M&As (or simply the M&A logic) provides a unique perspective in better understanding the internationa...
متن کاملActuarial Considerations in Insurance Mergers and Acquisitions: an International Perspective
The 1990s witnessed an explosion of cross-border mergers and acquisitions as companies in mature markets sought to increase their potential for growth through expansion into developing markets. This paper presents a broad overview of the actuarial considerations of insurance company transactions in developing countries, identifying both theoretical and practical issues that need to be addressed...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2002