Mergers and Acquisitions as the Pillar of Foreign Direct Investment

Mergers and Acquisitions as the Pillar of Foreign Direct Investment PDF Author: A. Bitzenis
Publisher: Springer
ISBN: 1137031557
Category : Business & Economics
Languages : en
Pages : 503

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Book Description
This comprehensive volume tackles all aspects of Mergers and Acquisitions activity - including regional concentration of M&As at a global level, the impact of the economic crisis, and theoretical concepts and practical applications.

Mergers and Acquisitions as the Pillar of Foreign Direct Investment

Mergers and Acquisitions as the Pillar of Foreign Direct Investment PDF Author: A. Bitzenis
Publisher: Springer
ISBN: 1137031557
Category : Business & Economics
Languages : en
Pages : 503

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Book Description
This comprehensive volume tackles all aspects of Mergers and Acquisitions activity - including regional concentration of M&As at a global level, the impact of the economic crisis, and theoretical concepts and practical applications.

Corporate Globalization Through Mergers and Acquisitions

Corporate Globalization Through Mergers and Acquisitions PDF Author: Leonard Waverman
Publisher: [Calgary] : University of Calgary Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 276

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Book Description
This document contains papers on the following: recent trends in merger and acquisition activity in Canadian and selected countries; patterns and motivations in Canadian acquisitions abroad; foreign ownership and corporate strategy; foreign multinational enterprises and merger activity in Canada; hostile takeovers; taxation and Canada-U.S. cross-border acquisitions; and mergers and acquisitions and the public interest.

Mergers and Acquisitions in Asia

Mergers and Acquisitions in Asia PDF Author: Roger Y.W. Tang
Publisher: Routledge
ISBN: 1135989044
Category : Business & Economics
Languages : en
Pages : 374

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Book Description
This book examines recent trends towards mergers and acquisitions in Japan, Greater China and Southeast Asia from 1990 to 2004. Comparisons are made among regions and between countries of particular regions. The economic profiles and investment climates of key countries are discussed and many issues are examined from the perspectives of US-based and UK-based investors because they play significant roles in Mergers and Acquisitions activities in all regions of the world. The practices and management strategies in Asia are also compared with those observed in the United States and the United Kingdom where appropriate.

Transnational Mergers and Acquisitions in the United States

Transnational Mergers and Acquisitions in the United States PDF Author: Sarkis J. Khoury
Publisher: Beard Books
ISBN: 9781587981500
Category : Business & Economics
Languages : en
Pages : 324

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Book Description
This is a reprint of a 1980 book that deals with foreign companies acquiring American businesses in the 1970s and how they evaluated and negotiated those acquisitions.

China’s Expanding Role in Global Mergers and Acquisitions Markets

China’s Expanding Role in Global Mergers and Acquisitions Markets PDF Author: Charles Wolf, Jr.
Publisher: RAND Corporation
ISBN: 9780833059680
Category : Political Science
Languages : en
Pages : 68

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Book Description
The authors evaluate the risks and benefits of increased Chinese foreign investment, aiming to improve understanding of its investment patterns and strategy. They consider how U.S. national security might be compromised as well as how the United States and China can benefit from such investment, providing a way to assess national security risks and benefits and examining Chinese investment patterns in both the United States and elsewhere.

International Corporate Governance Spillovers

International Corporate Governance Spillovers PDF Author: Rui Albuquerque
Publisher: International Monetary Fund
ISBN: 1475518382
Category : Business & Economics
Languages : en
Pages : 41

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Book Description
We develop and test the hypothesis that foreign direct investment promotes corporate governance spillovers in the host country. Using firm-level data on cross-border mergers and acquisitions (M&A) and corporate governance in 22 countries, we find that cross-border M&As are associated with subsequent improvements in the governance, valuation, and productivity of the target firms’ local rivals. This positive spillover effect is stronger when the acquirer is from a country with stronger shareholder protection and if the target’s industry is more competitive. We conclude that the international market for corporate control promotes the adoption of better corporate governance practices around the world.

Regulation of Foreign Mergers and Acquisitions Involving Listed Companies in the People's Republic of China

Regulation of Foreign Mergers and Acquisitions Involving Listed Companies in the People's Republic of China PDF Author: Lusong Zhang
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 294

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Book Description
Since its accession to the World Trade Organization (WTO), China has undertaken stronger initiatives toward adapting its legal system to support the development of a market-oriented economy. However, in this important new study the author contends that Chinaand’s steps in this direction are not sufficient. Although barriers to merger and acquisition (Mand&A) targeting of state-owned enterprises (SOEs) have been significantly reduced, excessive administrative intervention continues to discourage foreign Mand&Ainvolving domestic listed companies. This book proposes changes in Chinese law, including a new full-scale regulatory scheme, which would enhance and expand such foreign direct investment. The discussion proceeds from the perspectives of company law, securities law, antimonopoly law, and foreign investment law. Based on the analysis of the market situation and policy background in China, and on a comparison among the relevant aspects of the legal systems of China and other jurisdictions, the book addresses the Chinese legal system for foreign Mandamp;A involving listed companies, including its policy support. The analysis highlights such aspects as the following: and• features and structures of the current Chinese foreign Mandamp;A market; and• China's state-owned enterprise reform and• functions of the Chinese stock market; and• Chinese foreign investment policy; and• components of the Chinese legal system specific to foreign Mand&A; and and• comparative studies of foreign Mandamp;A regulation and experience (US, EU, UK, and Russia) and what may be useful in each for China. The authorand’s detailed recommendations for the improvement of the Chinese legal system primarily concern the regime of state ownership exercise, the establishment of an antitrust scheme, the improvement in the regulation of corporate takeovers, and national treatment of foreign investors under the WTO system. This is in every way a ground-breaking contribution to the literature of international trade law. The authorand’s deeply informed and cogent analysis will be of immeasurable value to policy makers and academics across a range of fields, and the bookand’s practical value to business persons everywhere with an eye on China cannot be overestimated.

Regulation of Foreign Mergers and Acquisitions Involving Listed Companies in the People's Republic of China

Regulation of Foreign Mergers and Acquisitions Involving Listed Companies in the People's Republic of China PDF Author: Lusong Zhang
Publisher:
ISBN: 9781361477717
Category :
Languages : en
Pages :

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Book Description
This dissertation, "Regulation of Foreign Mergers and Acquisitions Involving Listed Companies in the People's Republic of China" by Lusong, Zhang, 張露松, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: Abstract of thesis entitled Regulation of Foreign Mergers and Acquisitions Involving Listed Companies in the People's Republic of China Submitted by ZHANG Lusong for the degree of Doctor of Philosophy at The University of Hong Kong in June 2006 Due to its advantages in enabling transnational corporations (TNCs) to make full use of existing domestic productive forces and markets and thus being conducive to cost-savings in entering a host country, mergers and acquisitions (M&As) are often preferred by TNCs in pursuing investment in a foreign market worldwide. However, China's foreign M&A market does not flourish despite its high level of foreign direct investment (FDI) inflows. For a variety of reasons, China should promote the growth of its foreign M&A market. In fact, foreign M&A involving listed companies is increasing in China due to the potential of its domestic market and its desire to integrate itself into the global economy (evidenced recently by China's accession to the WTO). In this situation, the regulation of foreign M&A involving listed companies is an increasingly important consideration in the country. To appropriately encourage and support foreign M&A, China needs to improve its legal environment. In order to do so, certain policy questions must be addressed first. The writer argues that for a socialist country that practiced a centrally planned economy for several decades and that has determined to develop a market economy, in which M&A is a typical business activity, the Chinese government must in the first place separate its two roles of regulator and representative of state ownership due to the fact that the state is the largest shareholder in the majority of listed companies. In other words, the government should avoid utilizing its administrative power in exercising shareholder rights in enterprises. China should further diversify the mode of exercise of state ownership and reduce its control over competitive industries. At the same time, the state should refrain from unnecessary intervention in the market and make every effort to support and encourage the due function of market mechanisms. Moreover, China needs to change its FDI policy from adopting both favorable treatment and strict controls to national treatment of foreign investors in the context of M&A. In improving its legal system for foreign M&A on the basis of the above policy adjustments, China needs to pay special attention to four aspects: state assets administration, antitrust regulation, enhancement of corporate and securities regimes, and foreign investment control. When doing so, China should base the legal system upon its own social and economic characteristics and at the same time learn from other jurisdictions' experiences. DOI: 10.5353/th_b3719050 Subjects: Consolidation and merger of corporations - Law and legislation - China Consolidation and merger of corporations - China Corporations, Foreign - China Investments, Foreign - China

Cross-Border Mergers and Acquisitions

Cross-Border Mergers and Acquisitions PDF Author: Moshfique Uddin
Publisher: Routledge
ISBN: 1135045151
Category : Business & Economics
Languages : en
Pages : 209

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Book Description
Cross-border mergers and acquisitions (CBM&As) activity has become an important vehicle for firms’ internationalization and corporate restructuring over the past three decades. Despite the huge volume of global CBM&A activity, however, there are few books which carefully explore the strategies, motives, and consequences of global mergers and acquisitions. This book discusses and synthesizes the theoretical literature on the motivation and performance of international merger activities. Focusing on the UK as a top acquiring country in the European Union, the authors explore the recent trends in cross-border mergers and acquisitions, motives for cross-border mergers and acquisitions, the mergers integration process, home and host countries’ macroeconomic consequences on mergers and acquisitions, and shareholder’s wealth effects on CBM&A. This book explores and sheds much-needed light on the UK CBM&A market, what drives it, and what lessons can be learned for other regions around the globe.

Global Mergers and Acquisitions

Global Mergers and Acquisitions PDF Author: Abdol S. Soofi
Publisher: Business Expert Press
ISBN: 1947098810
Category : Business & Economics
Languages : en
Pages : 173

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Book Description
This book primarily deals with corporate restructuring through mergers and acquisitions (M&As). It critically examines all functions that must be performed in completing an M&A transaction. Domestic and crossborder M&A’s are very similar in many respects even though differences between them also exist. The book includes discussions of international finance and multinational financial management–the topics that arise in cross-border M&A transactions. Given the increasing importance of China as the second largest economy in the world and Chinese companies’ growing merger and acquisition (M&A) activities globally, we devote the last two chapters of the book to China’s outward foreign direct investment and cross-border M&A activities. Moreover, the second volume includes the case studies regarding Chinese foreign direct investment both in Greenfield and acquisition forms give additional insights into challenging tasks of due diligence and post-merger cultural integration that foreign investors face. The M&A literature is a fragmented field of inquiry. This book brings together important, practical insights from this vast literature in a short, but cohesive form that has high managerial relevance.