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 51
- Downloads 0
Dynamic immunisation does not imply cash flow matching: a hard application to Spain
Immunisation is not a static strategy as the literature affirms: we argue that the conditions established for reaching immunisation are unbalanced in themselves as times go on. This paper presents a valid, comprehensive...
The effects of corporate social responsibility on customer-based brand equity: Spanish hypermarket case
Hypermarkets have experienced substantial restructuring in the recent past because their situation has generated the necessity to develop new models that include different new aspects. The question under consideration he...
Electricity consumption, economic growth, urbanisation and trade nexus: empirical evidence from Iceland
This study empirically investigates the relationship between economic growth, electricity consumption, trade and urbanisation in Iceland, covering the period 1965–2013. The A.R.D.L. bounds testing approach to co-integrat...
Competitors’ stock price reactions in response to private equity placements: evidence from a transitional economy
This paper examines whether information conveyed by private equity placement decisions transfers to non-applying companies within the same industry. In particular, it investigates the impact of a company’s announcements...
Identifying relationship between macroeconomic and fiscal policy variables for EU countries and Turkey
Following the 2008 global financial crisis, the European Debt Crisis has affected the world economy more than any other event. The member states of the European Monetary Union have deviated from the Maastricht Convergenc...