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Moving Beyond The Local Marketplace: Dynamics Of Mergers And Acquisitions

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  • Olivera Kostoska

    (University „St. Kliment Ohridski” Faculty of Economics Prilep, Republic of Macedonia)

Abstract

Mergers and acquisitions (M&A), as well as the corporate restructuring intercede a great part of the corporate financial world. The most distinguished, the fifth merger wave, found to be five times larger in real terms compared to its predecessor, has involved companies within the service sector, principally those coming from the OECD countries. Historical trends, however, suggest that nearly two-thirds of big M&A have lost the value on the stock market and merely 46% have not been disappointed on their own terms. Hence, this paper aims at assessing the effects, regional and sectorial patterns of M&A, as well as to address some related implications by means of detailed and comprehensive data set.

Suggested Citation

  • Olivera Kostoska, 2007. "Moving Beyond The Local Marketplace: Dynamics Of Mergers And Acquisitions," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(9), pages 113-122, November.
    • Handle: RePEc:aio:rteyej:v:1:y:2009:i:9:p:113-122
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    References listed on IDEAS

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    1. Andrei Shleifer & Lawrence H. Summers, 1988. "Breach of Trust in Hostile Takeovers," NBER Chapters, in: Corporate Takeovers: Causes and Consequences, pages 33-68, National Bureau of Economic Research, Inc.
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    More about this item

    Keywords

    mergers and acquisitions; sectorial break-down; regional divergence; efficiency gains; failure;
    All these keywords.

    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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