Cross Border M&As in Emerging Economies: Evidence from Indian Trends and Future Directions
Cross Border M&As in Emerging Economies: Evidence from Indian Trends and Future Directions
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跨境M
DOI：
10.1080/19186444.2015.11658421
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发表时间：
2015
影响因子：
3.5
通讯作者：
Yasushi Suzuki and Minakshi
中科院分区：
文献类型：
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作者：
Rabi N Kar;Munim K Barai;Yasushi Suzuki and Minakshi
过去25年的全球改革导致新兴经济体的企业采取了不同的增长和扩张战略。在这种背景下，印度企业一直在进行重组，主要是通过并购，让人感觉到它们的存在甚至跨越了国界。随着自由化和全球化进程的推进，印度出现了这种跨境并购活动的新趋势。本文成功地探索和记录了1990-2011年期间CBMA的演变和趋势，并以比较领域分析了印度企业跨境参与的新兴模式，以揭示原因和未来方向。本文的方向表明，来自印度等新兴国家的企业寻求国际多元化，以获得他们不拥有的无形资产和资源。
The global reforms in the last two and half decades have resulted in the adoption of different growth and expansion strategies by enterprises in the emerging economies. In this backdrop, Indian enterprises have been undertaking restructuring exercises primarily through M&As to make their presence felt even across the borders. This new trend of cross-border mergers and acquisitions (CBMAs) activity occurred in India with the advancement of liberalization and globalization process. This paper has been successful in exploring and documenting the evolution and trends of CBMAs for the period of 1990–2011 and analyzes the emerging patterns of cross-border engagement of Indian enterprises with a comparative domain to unearth the reasons and future directions. Direction from this paper indicates that firms from emerging countries like India go for international diversification to obtain intangible assets and resources which they do not possess.