Does the geographic location influence takeovers?
Journal Title: Economic Research-Ekonomska Istraživanja - Year 2016, Vol 29, Issue 1
Abstract
The aim of this study is to examine whether there is an impact of geographical proximity, between the acquirer and the target company of a takeover process, on the success of the transaction. In order to do this we analysed a complete database of all the takeover bids between 2000 and 2014 on the Romanian capital market. The evidence reveals that not only is the geographical proximity important for the success of the transaction, but that also takeovers can occur across distant locations if the target firm has a long history of its activity that can be monitored by the acquiring companies. We have also tested if there are NUTS regions characteristics that can influence the decisionmaking, but the results were inconclusive
Authors and Affiliations
Radu Ciobanu
Keywords
Related Articles
- EP ID EP203531
- DOI 10.1080/1331677X.2016.1197553
- Views 64
- Downloads 0
Complementarity between energy and physical capital in a simple model of economic growth
Energy is one of the most important factors of growth, needed to power physical capital. This implies complementarity between these two factors, but in most theoretical papers, substitutability is assumed. In this paper,...
Entry timing into international markets: evidence from the Taiwanese service industry
The aim of this study was to explain the determinants of service industry firms’ entry timing into new international markets. On the basis of the relevant literature, a framework was proposed comprising firm-specific, ex...
Impact of public expenditure in labour market policies and other selected factors on youth unemployment
ABSTRACT This study investigates the impact of selected macroeconomic, demographic, institutional and educational determinants on youth unemployment rates in Europe, with special attention to effects of Active Labour Mar...
GARCH models in value at risk estimation: empirical evidence from the Montenegrin stock exchange
This article considers the adequacy of generalised autoregressive conditional heteroskedasticity (GARCH) model use in measuring risk in the Montenegrin emerging market before and during the global financial crisis. In pa...
An importance-performance analysis of destination competitiveness factors: case of Jablanica district in Serbia
The principal aim of this paper was to explore destination competitiveness factors of Jablanica District (Serbia), by examining the attitudes of tourists. For research purposes, 32 attributes of destination competitivene...