Summary:
Since the
onset of transition in 1990, mergers and acquisitions have become an important
feature of business live in European emerging economies. Initially often related
to the privatisation process, a multifaceted pattern of acquisition activity has
evolved. Foreign investors acquire local resources, while adapting their
strategies to the specific local context. This research investigated in which
ways mergers and acquisitions are adapted to the transition context, and how
such adaptation influences corporate performance.
The study
investigates these issues by combining a questionnaire survey with eleven case
studies in Poland, Hungary and Lithuania. It incorporates the post-entry
dynamics with respect to changes in control and resource contributions, and thus
develops a dynamic perspective of international acquisitions, and a refined
acquisition typology. On this basis, implications are derived for managers and
policy makers, as well as for future scholarly research on mergers and
acquisition in emerging economies.
Links:
Download flyer and order form,
publisher's website.
Contents:
Part I: FDI in European
Emerging Economies
Chapter 1: Introduction
Klaus Meyer and Saul Estrin
Chapter 2: Institutional Context and FDI Trends in EEE
Camilla Jensen
Chapter 3: The Changing Patterns of Foreign Direct Investment: Survey Insights
Klaus Meyer,
Delia Ionasçu, Przemyslaw Kulawczuk, Anna Szcześniak,
Zoltán Antal-Mokos, Krisztina Tóth, and Valdonė
Darškuvienė
Part II: Acquisitions:
Business Strategy and Economic Policy Chapter 4:
Acquisition as an Entry and Growth Strategy
Klaus Meyer
(download
sample chapter)
Chapter 5: Synergy Management in Acquisitions
Krisztina Tóth
Chapter 6: M&A in Mobile Telephony: Industry Dynamics
Jamie Anderson
and Zoltán Antal-Mokos
Chapter 7: Institutional and Regulatory Barriers to Foreign M&A in Central Europe
Mieczyslaw Bąk,
Przemyslaw Kulawczuk, Anna Szcześniak
Chapter 8:
Acquisitions, Institutions, and Policy
Saul Estrin and Klaus Meyer
Part III: Case Studies
Chapter 9: The
Evolution of the Hungarian Mobile Communications Market and T-Mobile Hungary
Zoltán
Antal-Mokos & András Bauer
Chapter 10: The Purchase of a Monopoly: France Telecom acquires TPSA
Przemyslaw Kulawczuk
Chapter 11: Building Strategic Alliances to Maintain Independence: Bank Millennium
and Banco Comercial Português
Anna Szcześniak
Chapter 12: Building
Profit from Losses: K&H and ABN AMRO
Krisztina Tóth
Chapter 13: Creating a Nordic Bank: SEB-Vilniaus Bankas
Kristina Šimkutė
Chapter 14: The emergence of the Central European MNE: MOL
Zoltán Antal-Mokos and Krisztina Tóth
Chapter 15: Growth through Multiple Acquisitions: Carlsberg Breweries in Poland
Mieczyslaw Bąk
Chapter 16:Purchase the National Brand No.1 to Rescue Entry Strategy? The Acquisition of Wedel by Cadbury-Schweppes
Przemyslaw Kulawczuk
Chapter 17: Early Entry and Aggressive Growth: Kraft Foods Lietuva
Valdonė
Darškuvienė
References
Index
|