Merger and Acquisition Patterns and Trends: An Evidence of an Emerging Economy, Turkey 2014-2018

Alhanhanah, Waleed M.; Akbalik, Murat; Akosile, Abisola Leah

doi:10.4236/oalib.1105837

Cited by 3 publications

(2 citation statements)

References 21 publications

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“…This makes acquisitions important for emerging markets. As one of the leading emerging markets in the world, Turkey has seen a great increase in acquisition activity (Alhanhanah, Akbalik, and Akosile, 2019;Oelger and Schiereck, 2011), which creates a need to analyze acquisition activity in this market.…”

Section: Discussionmentioning

confidence: 99%

An Empirical Analysis of Financial Performance and Indicators of Acquisitions

Genc¹,

Kalkan²

2020

Uluslararası İktisadi Ve İdari İncelemeler Dergisi

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A b s t r a c tAcquisitions have been used as a growth strategy in both developed markets and emerging markets. Turkey, as one of the leading emerging markets in the world, has been home to huge number of acquisitions. In this empirical study, we try to shed light on the outcomes of acquisitions that have occurred in Turkey between 1990 and 2017. In addition to compare post-acquisition with pre-acquisition, we use other Turkish companies that don`t engage in acquisitions as benchmark to see the effect of acquisitions on Turkish companies. Our findings indicate that acquisitions have a positive effect on Turkish firms` financial performance. We also find that Turkish acquirers are more aggressive in terms of growth than non-acquirer companies are and have higher values on capital expenditures, research and development and staff expenses. When we compare these acquirers with their preacquisition periods, we also find an increase in these financial indicators, which indicates that acquisitions affect Turkish companies significantly.

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Section: Discussionmentioning

confidence: 99%

An Empirical Analysis of Financial Performance and Indicators of Acquisitions

Genc¹,

Kalkan²

2020

Uluslararası İktisadi Ve İdari İncelemeler Dergisi

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“…The study also found that that the negative relation between target country-specific uncertainty and cash payment weakened with larger differences in power distance between host and home countries. Alhanhanah, Akbalik, and Akosile, (2019) examined the trends of M&A in Turkey covering the period 2014-2018. They found that the election transition year of 2014 affected the volume and value of M&A.…”

Section: Ad-ministermentioning

confidence: 99%

Mergers and Acquisitions for Business Sustainability in Emerging Markets During a Vague Era: A Literature Analysis

Ogendo

Ariemba

2022

AD-minister

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Mergers and acquisitions are the most popular modes of external corporate growth. Business sustainability, which seeks present returns without compromising the ability to earn returns in the future, has come under serious challenges in an environment of uncertainty. While academic literature suggests that in periods of fundamental uncertainty, there is a decline of mergers and acquisitions, this paper analyses an emerging body of research that suggests that merger and acquisition deals in a vague era actually deliver more value compared to those made in normal economic conditions, which most empirical studies do not deliver much value for the acquirer. This paper therefore suggests that firms in emerging markets can use mergers and acquisitions during a downturn to deliver superior value to shareholders. It also argues that mergers and acquisitions are a corporate governance issue, because it is at the board level that the overall strategy of the firm is implemented, including the various growth options of the firm. However, further research on merger and acquisitions during a vague era need to be conducted in various regions of emerging markets.

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Sınır Ötesi Şirket Satın Alma İşlemlerine Genel Bakış: 1998 - 2018 Dönemi Türk Şirketleri Üzerine Bir İnceleme

Ayas¹

2020

Uluslararası Yönetim Akademisi Dergisi

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Sınır ötesi gerçekleştirilen şirket satın alma faaliyetleri tüm dünyada olduğu gibi Türk şirketlerinin de ilgisini çekmektedir. Bu çalışmanın amacı ise, hedef ya da alıcı şirketlerden birinin Türk diğerinin yabancı olduğu satın alma faaliyetlerini incelemek ve genel bir çerçeve sunmaktır. Bu çalışmada kullanılan veriler Zephyr isimli veri tabanından elde edilmiştir. 1998-2018 yılları arası yirmi yıllık dönem içerisinde gerçekleştirilen Türklerin yurt dışında yaptığı 275 işlem ile yabancı firmaların Türkiye'de gerçekleştirdiği 883 satın alma işlemi araştırmanın kapsamını oluşturmuştur. Yapılan analizlerin sonucu satın alma işlemlerinin genellikle Avrupalı firmalarla gerçekleştirildiğini göstermiştir. İşlem sayısı ve işlem hacmi yıllar itibariyle değişkenlik göstermektedir. En fazla satın alma faaliyetinin gerçekleştirildiği sektörler finans ve imalat sektörleri olarak dikkat çekmektedir. Genel olarak yatay olmayan satın alma işlemlerinin yatay satın alma işlemlerine göre daha fazla sayıda olduğu görülmüştür.

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Merger and Acquisition Patterns and Trends: An Evidence of an Emerging Economy, Turkey 2014-2018

Cited by 3 publications

References 21 publications

An Empirical Analysis of Financial Performance and Indicators of Acquisitions

An Empirical Analysis of Financial Performance and Indicators of Acquisitions

Mergers and Acquisitions for Business Sustainability in Emerging Markets During a Vague Era: A Literature Analysis

Sınır Ötesi Şirket Satın Alma İşlemlerine Genel Bakış: 1998 - 2018 Dönemi Türk Şirketleri Üzerine Bir İnceleme

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