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The Influence Of The Acquisition Experience On The Successfulness Of International Mergers And Acquisitions In Pharmaceutical Industry 2003-2009

Author

Listed:
  • Vlatka Bilas

    (University of Zagreb)

  • Vedran Baci

    (Belupo Pharmaceuticals and Cosmetics, Koprivnica)

Abstract

This paper analyses the influence of the acquisition experience on the successfulness of international mergers and acquisitions in pharmaceutical industry. The main hypothesis is that inexperience in mergers and acquisitions additionally increases the risk in the process of mergers and acquisitions; therefore, the inexperienced companies have lower returns for the shareholders. The research was conducted on the sample of 263 pharmaceutical companies for the period January 1, 2003 to December 31, 2009.

Suggested Citation

  • Vlatka Bilas & Vedran Baci, 2010. "The Influence Of The Acquisition Experience On The Successfulness Of International Mergers And Acquisitions In Pharmaceutical Industry 2003-2009," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 19(2), pages 187-209, december.
    • Handle: RePEc:avo:emipdu:v:19:y:2010:i:2:p:187-209
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    More about this item

    Keywords

    acquisition experience; mergers and acquisitions; pharmaceutical industry;
    All these keywords.

    JEL classification:

    • L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology; Plastics

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