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Acquisitions by Emerging Multinational Corporations

Motivation and Performance of Transactions in Western Europe and North America

  • Book
  • © 2018

Overview

Authors:
  1. Johannes Distler

    1. Roland Berger , Dubai, United Arab Emirates

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  • Publication in the field of economic sciences
  • Includes supplementary material: sn.pub/extras

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

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Table of contents (7 chapters)

  1. Front Matter

    Pages I-XXVI
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  2. Introduction

    • Johannes Distler
    Pages 1-8

  3. Fundamentals of mergers & acquisitions

    • Johannes Distler
    Pages 9-63

  4. Emerging multinational corporations and their cross-border M&A activity

    • Johannes Distler
    Pages 65-141

  5. Theoretical frameworks and hypotheses generation

    • Johannes Distler
    Pages 143-220

  6. The event study as a research method for measuring M&A performance

    • Johannes Distler
    Pages 221-268

  7. Acquisition motivation and performance of EMNCs in Western Europe and North America

    • Johannes Distler
    Pages 269-357

  8. Thesis conclusion

    • Johannes Distler
    Pages 359-370

  9. Back Matter

    Pages 371-429
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Keywords

About this book

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.

Authors and Affiliations

  • Roland Berger , Dubai, United Arab Emirates

    Johannes Distler

About 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. 

Bibliographic Information

  • Book Title: Acquisitions by Emerging Multinational Corporations

  • Book Subtitle: Motivation and Performance of Transactions in Western Europe and North America

  • Authors: Johannes Distler

  • Series Title: Schriften zum europäischen Management

  • DOI: https://doi.org/10.1007/978-3-658-19112-2

  • Publisher: Springer Gabler Wiesbaden

  • eBook Packages: Business and Management, Business and Management (R0)

  • Copyright Information: Springer Fachmedien Wiesbaden GmbH 2018

  • Softcover ISBN: 978-3-658-19111-5Published: 09 August 2017

  • eBook ISBN: 978-3-658-19112-2Published: 27 July 2017

  • Series ISSN: 2627-6364

  • Series E-ISSN: 2627-6372

  • Edition Number: 1

  • Number of Pages: XXVI, 429

  • Number of Illustrations: 80 b/w illustrations

  • Topics: Emerging Markets/Globalization

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