Impact Of The Selected Predictors On Cross-border Mergers And Acquisitions  In The Industry And Service Sectors

Hečková, Jaroslava; Chapčáková, Alexandra; Valentiny, Tomáš; Markova, Stela; Zbihlejová, Lucia

doi:10.14254/1800-5845/2020.16-4.14

Cited by 3 publications

(5 citation statements)

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“…Firms can also closely follow other companies' technologies and use those technologies for their internationalization process (Stefko et al, 2022). The results of the research carried out by us presented in this contribution in the investigated period of 1998 to 2021 as well as in our previous studies Hečková, et al (2016), Hečková et al (2018) with a narrow view of the selected predictors confirm that European integration in general, and EMU, in particular, have stimulated intra-EU cross-border M&A activity and to have enhanced the attractiveness of European companies. Membership in the European Union has a significant impact, especially in the manufacturing sector.…”

Section: Discussionsupporting

confidence: 54%

“…McCarthy and Dolfsma (2015) examined the impact of the Euro on the number, size, performance and regional spread of European mergers and acquisitions. This paper is a continuous extension of the research presented in our previous studies Hečková, et al (2016), Hečková, et al (2018), and Štefko et al (2022.…”

Section: Theoretical Framework and Hypothesis Developmentsupporting

confidence: 58%

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An analysis of the impact of selected predictors for cross-border M&A activity within the European area

Chapčáková¹,

Hečková²,

Gombár³

et al. 2022

JESI

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This paper provides a comprehensive overview of European M&A activity from 1998-2021. It examines trends and drivers of cross-border mergers and acquisitions, examining how European integration has affected M&A activity and the critical characteristics of M&As in the European Area. The ambition is to contribute to the existing literature on M&A activity in Europe. The paper aims to analyze the impact of advancing integration processes in Europe through our selected predictors on capital reallocation through cross-border M&As as a whole and also separately in the manufacturing sector and the service sector in the examined period in the countries of the European area through a generalized regression model and identify peculiarities in both industries. To achieve this goal, we investigated a new dataset of all completed M&A between 1998 and 2021 in 19 sources and 28 target countries of the European Area.

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Section: Discussionsupporting

confidence: 54%

Section: Theoretical Framework and Hypothesis Developmentsupporting

confidence: 58%

An analysis of the impact of selected predictors for cross-border M&A activity within the European area

Chapčáková¹,

Hečková²,

Gombár³

et al. 2022

JESI

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“…In the current economic environment, among the motives for mergers and acquisitions, the necessity of restructuring or the effort to prevent the bankruptcy of companies, often due to unexpected and disruptive changes that in a short period of time will cause a serious liquidity crisis and a rapid decrease in value for the owners of the company. These transactions are time-consuming and sensitive (Hečková et al, 2018). Therefore, the question arises here as well, whether the size of the economy, measured through the volume of GDP, has an impact on the volume of M&A implemented in the given countries.…”

Section: Discussionmentioning

confidence: 99%

“…The importance of the banking sector in the economy supports the relevance of the issue at hand and allows probing into the consolidation processes within the banking sector, as well as impacting the performance of the economy on volume of M&A. Broader view of the issue of mergers and acquisitions was also devoted to studies from Hečková et al (2018) and Štefko et al (2022). Mergers and acquisitions are the important process in the banking sector to make enormous financial gains.…”

Section: Introduction and Theoretical Frameworkmentioning

confidence: 96%

The impact of GDP on M&A volume in the European area in the context of the consolidation of the banking market

Vozárová¹,

Kosikova²,

Hečková³

et al. 2022

JESI

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The banking sector of any nation is its key driver because the performance of the financial sector plays a vital role in the development of any economy. The European banking sector has gone through a process of rapid changes during the past three decades. The established trend of liberalization and deregulation resulted in a wave of massive consolidation, which fundamentally changed the environment in which banks did business. The main purpose of this paper is to evaluate relationships and, above all, quantify the impact of GDP on the volume of cross-border mergers and acquisitions in the banking sector for the period 2004 -2021 in selected countries of the European Area by applying three panel regression methods. From the values shown, it follows that the percentage growth of GDP has a significant effect on the percentage growth of the volume of cross-border mergers and acquisitions in the banking sector and thus was the established hypothesis confirmed. The results confirmed that 1% growth in the economy will cause a 32% increase in the volume of crossborder mergers and acquisitions in the European Area.

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“…They believe that it is non-market-oriented behavior, and that the enterprises are trying to take over the market and increase China's political influence in the target country through mergers and acquisitions. Due to this, they focus on investigating the acquisitions of crucial infrastructure and technologies [16]. Moreover, since Chinese state-owned enterprises have close ties with the government, stricter standards are imposed for mergers and acquisitions performed by state-owned enterprises.…”

Section: Introductionmentioning

confidence: 99%

Industrial Policy’s Effect on Cross-Border Mergers’ Decisions—Theoretical and Empirical Analysis

Chen

2022

Sustainability

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To explore the relationship between industrial policy and cross-border M&As in Chinese enterprises, the PSM method and a two-way fixed model were used. Using a sample of A-share listed companies during the period 2005–2019, we theoretically and empirically analyzed the mediating role of financial constraints and the moderating role of political connections between the companies. It was found that industrial policy has a significant positive effect on cross-border M&As and that firms’ financial constraints mediate the relationship between industrial policy and M&As. Political connections moderate the relationship between industrial policy and M&As. This study enriches the research on the relationship between industrial policy and firms’ M&A decisions from a micro perspective, and provides evidence of industrial policy promoting cross-border M&As through alleviating the financial constraints of the firms.

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Impact Of The Selected Predictors On Cross-border Mergers And Acquisitions In The Industry And Service Sectors

Cited by 3 publications

References 0 publications

An analysis of the impact of selected predictors for cross-border M&A activity within the European area

An analysis of the impact of selected predictors for cross-border M&A activity within the European area

The impact of GDP on M&A volume in the European area in the context of the consolidation of the banking market

Industrial Policy’s Effect on Cross-Border Mergers’ Decisions—Theoretical and Empirical Analysis

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