Mergers and acquisitions: Reason and results

Arbeitspapier

The report looks at mergers and acquisitions (M&As) as companies’ investment strategy. The aim of this study is to benchmark Finnish M&A activity against other countries. Several comparisons suggest that Finnish companies are very active in the M&A market. In fact, after taking into account the size of the economy, Finland ranked first out of all EU member states during the 1990s. This high level of activity is not only due to domestic deals but also to a high number of outward and inward crossborder mergers and acquisitions. Our analysis indicates that most of the cross-sectional and time-series variation of the M&A activity in different countries can be explained by using GDP, market capitalisation and the number of listed firms as explanatory variables. However, many other factors also explain the high Finnish M&A activity. Moreover, in this paper an eclectic model of the causes of M&As is also proposed. This schematic model suggests that there are macro-level, industry-level and firm-level factors affecting M&A decisions. – Merger ; acquisition ; takeover ; benchmarking ; M&A ; FDI

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ETLA Discussion Papers ; No. 792

Klassifikation und Themen

• Klassifikation: Wirtschaft
• Thema: Fusion ; Übernahme ; Benchmarking ; Direktinvestition

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Ali-Yrkkö, Jyrki
• Ereignis: Veröffentlichung
• (wer): The Research Institute of the Finnish Economy (ETLA)
• (wo): Helsinki
• (wann): 2002

Weitere Informationen

• Handle: http://hdl.handle.net/10419/63797
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ