Are There Efficiency Gains for Firms in BRIC Countries?
1. Auflage 2020,
273 Seiten, Kartoniert, Paperback, Format (B × H): 155 mm x 235 mm, Gewicht: 441 g
Reihe: Advanced Studies in Emerging Markets Finance
Verlag: Springer International Publishing
Ivashkovskaya / Nivorozhkin / Grigorieva Strategic Deals in Emerging Capital MarketsThe industrial development of emerging markets has been a powerful driver for mergers and acquisitions. The contributions collected in this book assess major M&A deals in the largest emerging capital markets (Brazil, Russia, India, China) and their role in shareholder value creation in the markets’ specific business environments. In addition, the book explores various dimensions of M&A deals in order to summarize the main trends in corporate control markets in the largest emerging countries, and how they differ from those in developed countries; to identify deal-performance relationships and the determinants of success or failure; to reveal the drivers for the premium in M&A deals; and to capture market responses to different M&A strategies. By doing so, the book makes a significant contribution to the literature, which has to date largely focused on developed markets.
Weitere Infos & Material
Part I: Strategic Deals and Value Creation: The Lessons from Previous Research.- M&As Trends in Emerging Capital Markets.- How M&A Deals Influence Corporate Performance in Developed and Emerging Capital Markets: A Review of Empirical Results in the Literature.- Determinants of Cross-Border M&As and Shareholder Wealth Effects in a Globalized World.- Meta-analysis of M&As Studies in Emerging Markets.- Part II: Strategic Deals and Value Effects: New Empirical Evidence.- Post-acquisition Value Effects of M&A Deals: A Comparative Analysis in Developed and Emerging Capital Markets.- What Drives the Control Premium? Evidence from BRIC Countries.- Success Factors in M&As of Knowledge-Intensive Firms in Brazil: Evidence from Consulting Engineering Companies.- Domestic M&As in Russia: Performance and Success Factors.- Part III: Diversification Strategies via M&As: New Evidence from BRIC.- Corporate Diversification-Performance Puzzle in BRIC.- Corporate International Diversification and Performance: An Economic Profit Viewpoint-Evidence from BRIC Companies.- Conclusion: M&As in Emerging Markets-The Lessons Learned.