Mergers and acquisitions in and out of emerging economies
Mergers and acquisitions in and out of emerging economies
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DOI：
10.1016/j.jwb.2014.09.003
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发表时间：
2015-10-01
影响因子：
8.9
通讯作者：
Stevens, Charles E.
中科院分区：
文献类型：
--
作者：
Lebedev, Sergey;Peng, Mike W.;Stevens, Charles E.
尽管大量研究分析发达经济体 (DE) 内外的并购 (M&As)，但关注新兴经济体 (EE) 内外的并购 (M&A) 的研究数量要少得多。由于DE和EE之间的制度环境、公司治理实践和市场存在显着差异，因此可以通过研究EE内外的并购来扩展现有的收购知识。本文解决了这一差距，并确定了 EE 内外收购研究的主要结果。该评论涉及 EE 并购的前因和绩效结果，重点关注可以获得哪些新见解以及揭示哪些新研究方向。本文还就 EE 并购的前因和绩效提出了建议。 (C) 2014 Elsevier Inc. 保留所有权利。
Although numerous studies analyze mergers and acquisitions (M&As) in and out of developed economies (DE), a much smaller number of studies focus on M&As in and out of emerging economies (EE). Since there are significant differences in institutional environments, corporate governance practices, and markets between DE and EE, existing knowledge on acquisitions can be extended by examining M&As in and out of EE. This paper addresses this gap and identifies the main findings of studies on acquisitions in and out of EE. The review deals with EE M&A antecedents and performance outcomes, with a focus on what new insights can be gained and what new research directions are revealed. This paper also develops propositions regarding EE M&A antecedents and performance. (C) 2014 Elsevier Inc. All rights reserved.