Evidence of fire-sale M&A in European transition countries

Višić, Josipa

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Naslov:	Evidence of fire-sale M&A in European transition countries
Avtorji:	ID Višić, Josipa (Avtor)
Datoteke:	http://www.fm-kp.si/zalozba/ISSN/1581-6311/10_325-340.pdf
Jezik:	Angleški jezik
Vrsta gradiva:	Delo ni kategorizirano
Tipologija:	1.01 - Izvirni znanstveni članek
Organizacija:	FM - Fakulteta za management
Opis:	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.
Ključne besede:	mednarodne združitve in pripojitve, tržna cena, trajnostni gospodarski razvoj, investicijsko okolje
Leto izida:	2012
Št. strani:	str. 325-340
Številčenje:	Vol. 10, no. 4
PID:	20.500.12556/RUP-3400
ISSN:	1854-6935
UDK:	339.9:336.581
COBISS.SI-ID:	4638679
Datum objave v RUP:	15.10.2013
Število ogledov:	3310
Število prenosov:	74
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