Motives for Combinations of Trading Companies
Authors | |
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Year of publication | 2015 |
Type | Article in Periodical |
Magazine / Source | Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis |
MU Faculty or unit | |
Citation | |
Field | Management and administrative |
Keywords | company transformation; development of mergers and acquisitions; foreign direct investments; motives for M&A; synergic effect; value for owners; |
Description | The subject of this paper is an analysis of the development of activities at the European as well as the Asian market of foreign direct investments (FDI) and mergers and acquisitions (M&A). Causes of mergers and acquisitions and their development mainly in the period after the financial and economic world crisis are examined. A partial study focused on the merger market in the Czech Republic. The analysis results show that FDI inward dominate in the Asian market in contrast to more developed European and American markets where prevail FDI outward. The motivations for the activities in M&A markets are changed in dependence on the development tendencies of the world economy, politics, continuing liberalization of investment regimes, and implementation of the internationalization strategy on a large scale. The results of our study confirmed the hypothesis, that the main motive was the attainment of microeconomic advantages of the merging entities. |
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