Pregled bibliografske jedinice broj: 604024
Evidence of Fire-Sale M&A in European Transition Countries
Evidence of Fire-Sale M&A in European Transition Countries // Managing global transitions, 10 (2012), 4; 325-340 (podatak o recenziji nije dostupan, članak, znanstveni)
CROSBI ID: 604024 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Evidence of Fire-Sale M&A in European Transition Countries
Autori
Višić, Josipa
Izvornik
Managing global transitions (1581-6311) 10
(2012), 4;
325-340
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
cross-border M&A; fire-sale M&A; sustainable economic development; investment climate
Sažetak
The aim of this paper is to determine differences in variables that create investment climate and therefore affect the values of incoming cross-border M&A in selected European transition countries. Cluster analysis for 1999 and 2007 showes that countries with unfavourable investment climate received high levels of incoming cross-border M&A. Sole country in the cluster characterised by healthy investment area (Slovenia) had the highest GDP per capita accompanied with the lowest values of incoming cross-border M&A relative to its GDP. These results could be interpreted as an evidence of fire-sale M&A in most European transition countries. In 2010 situation changed and although recession left trace, data on cross-border M&A indicate that foreign investors focused more on companies which operated in countries with healthier economy. These results indicate that a healthy investment climate is necessary to provide a sustainable economic development of a country.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
POVEZANOST RADA
Projekti:
055-0551147-1105 - Utjecaj pridruživanja RH europskoj uniji na profitabilnost hrvatskih poduzeća (Pavić, Ivan, MZOS ) ( CroRIS)
Ustanove:
Ekonomski fakultet, Split
Profili:
Josipa Višić
(autor)