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Acquisitions by Emerging Multinational Corporations

Motivation and Performance of Transactions in Western Europe and North America

  • Johannes Distler

Part of the Schriften zum europäischen Management book series (SEM)

Table of contents

  1. Front Matter
    Pages I-XXVI
  2. Johannes Distler
    Pages 1-8
  3. Johannes Distler
    Pages 9-63
  4. Johannes Distler
    Pages 143-220
  5. Johannes Distler
    Pages 359-370
  6. Back Matter
    Pages 371-429

About this book

Introduction

This thesis analyzes the motivation and performance of 403 acquisitions made by emerging multinational corporations (EMNCs) in Western Europe and North America between 1994 and 2013. The findings indicate that most EMNCs were motivated to acquire in order to obtain access to the upstream and downstream know-how of their target firms. In addition, the thesis' event study results demonstrate that EMNCs on average generated value for their shareholders with their acquisitions over short periods around acquisition announcement. This result is particularly significant since similar studies on buying firms from developed markets have frequently come to the conclusion that acquirers destroy shareholder value.

Contents 
  • Prior research on EMNCs and their M&A activity
  • Event studies as a research method for measuring M&A performance
  • Acquisition motivation and performance of EMNCs in Western Europe and North America
Target Groups
  • Researchers and students in international management with an interest in emerging multinational corporations
  • Executives and advisors involved in M&A transactions of EMNCs

The Author 
Dr. Johannes Distler completed his doctoral thesis under the supervision of Prof. Dr. Reinhard Meckl at the University of Bayreuth in Germany. He studied management at the University of Mannheim, University of St. Gallen, Kellogg School of Management and Pepperdine University, and works at an international consulting firm, advising clients on strategy, M&A and post-merger integration projects. 

Keywords

Mergers & Acquisitions Emerging Markets Emerging Market Multinationals Internationales Management Ereignisstudie Event Study Metaanalyse

Authors and affiliations

  • Johannes Distler
    • 1
  1. 1.Roland Berger DubaiUnited Arab Emirates

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-658-19112-2
  • Copyright Information Springer Fachmedien Wiesbaden GmbH 2018
  • Publisher Name Springer Gabler, Wiesbaden
  • eBook Packages Business and Management
  • Print ISBN 978-3-658-19111-5
  • Online ISBN 978-3-658-19112-2
  • Buy this book on publisher's site
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