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The impact of firm-specific financial factors on cross-border M&A: Assessing the likelihood and transaction size in changing market environments

Hebinck, Helen and Nitschke, Rebekka Daniela (2011)
Department of Business Administration
Abstract
IThis study aims at proving the impact of firm-specific financial determinants on the likelihood of cross-border M&A and their impact on the relative size of transactions, both against the background of changing market conditions. In conclusion, we find our first hypothesis, that the strength of single firm-specific financial factors increases the likelihood of firm’s to undertake cross-border M&A, to be confirmed. Altered financial market conditions indeed impact which factors are determining this propensity.
In addition, we find our second hypothesis, that the strength of single firm-specific financial factors increases the relative transaction size of cross-border M&A, to be confirmed. Altered financial market conditions strongly impact... (More)
IThis study aims at proving the impact of firm-specific financial determinants on the likelihood of cross-border M&A and their impact on the relative size of transactions, both against the background of changing market conditions. In conclusion, we find our first hypothesis, that the strength of single firm-specific financial factors increases the likelihood of firm’s to undertake cross-border M&A, to be confirmed. Altered financial market conditions indeed impact which factors are determining this propensity.
In addition, we find our second hypothesis, that the strength of single firm-specific financial factors increases the relative transaction size of cross-border M&A, to be confirmed. Altered financial market conditions strongly impact which factors are determining the size. (Less)
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author
Hebinck, Helen and Nitschke, Rebekka Daniela
supervisor
organization
year
type
H1 - Master's Degree (One Year)
subject
keywords
FDI determinants, transaction size, cross-border M&A, financial ownership advantage, merger waves, Management of enterprises, Företagsledning, management
language
Swedish
id
1977451
date added to LUP
2011-06-01
date last changed
2012-04-02 18:50:01
@misc{1977451,
  abstract     = {IThis study aims at proving the impact of firm-specific financial determinants on the likelihood of cross-border M&A and their impact on the relative size of transactions, both against the background of changing market conditions. In conclusion, we find our first hypothesis, that the strength of single firm-specific financial factors increases the likelihood of firm’s to undertake cross-border M&A, to be confirmed. Altered financial market conditions indeed impact which factors are determining this propensity.
In addition, we find our second hypothesis, that the strength of single firm-specific financial factors increases the relative transaction size of cross-border M&A, to be confirmed. Altered financial market conditions strongly impact which factors are determining the size.},
  author       = {Hebinck, Helen and Nitschke, Rebekka Daniela},
  keyword      = {FDI determinants,transaction size,cross-border M&A,financial ownership advantage,merger waves,Management of enterprises,Företagsledning, management},
  language     = {swe},
  note         = {Student Paper},
  title        = {The impact of firm-specific financial factors on cross-border M&A: Assessing the likelihood and transaction size in changing market environments},
  year         = {2011},
}