UID:
almahu_9948664202802882
Format:
1 online resource (134 p.)
Edition:
1st, New ed.
ISBN:
9783653005738
Series Statement:
Corporate Finance and Governance 3
Content:
Mergers & Acquisitions (M&A) are important strategic business options for corporations. Yet, the understanding of industry-specific drivers of M&A transactions is more than limited. Characterized by highly fragmented markets, cross-company production structures and increasing international business scope, the construction industry represents an attractive field of research to address questions on M&A motives. Based on comprehensively selected datasets and state-of-the-art empirical methods, the study illustrates the motives, the strategy and the effects of M&A transaction within the construction industry. Overall the analyzed M&A transactions tend to lead to an increase of corporate wealth. Important factors for a positive development comprise the peculiarities of the construction industry, the general market conditions and the nature of many takeovers. Still, the M&A transactions may also cause significant value destruction and may even lead to a failure of a company if an inappropriate strategy is applied.
Note:
Doctoral Thesis
,
Contents: Consolidation, Value Chain Extension and Outside Industry Investors – Value-Generating M&A Strategies in the Construction Industry – Strategic Bidders and Long-Run M&A Success Beyond Monopolistic Power – The Deteriorating Wealth Effect of National Acquisitions in Fragmented and Declining Markets.
Additional Edition:
ISBN 9783631602515
Language:
English
DOI:
10.3726/978-3-653-00573-8
URL:
https://www.peterlang.com/view/product/12946?format=EPDF
