20.500.12556/RUP-3400
Evidence of fire-sale M&A in European transition countries
The aim of this paper is to determine differences in variables that create investment climate and therefore affect the values of incoming crossborder M&A in selected European transition countries. Cluster analysis for 1999 and 2007 shows 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.
mednarodne združitve in pripojitve
tržna cena
trajnostni gospodarski razvoj
investicijsko okolje
cross-border M&A
fire-sale M&A
sustainable economic development
investment climate
true
true
false
Angleški jezik
Slovenski jezik
Delo ni kategorizirano
2013-10-15 12:08:34
2013-10-15 12:08:34
2024-03-01 12:10:45
0000-00-00 00:00:00
2012
0
0
str. 325-340
no. 4
Vol. 10
Winter 2012
0000-00-00
NiDoloceno
NiDoloceno
NiDoloceno
0000-00-00
0000-00-00
0000-00-00
1854-6935
339.9:336.581
4638679
http://www.fm-kp.si/zalozba/ISSN/1581-6311/10_325-340.pdf
1
https://repozitorij.upr.si/Dokument.php?lang=slv&id=3400
Fakulteta za management
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0
0