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Economic Thought and Practice, Vol. 19 No. 2, 2010.

Preliminary communication

THE INFLUENCE OF THE ACQUISITION EXPERIENCE ON THE SUCCESSFULNESS OF INTERNATIONAL MERGERS AND ACQUISITIONS IN PHARMACEUTICAL INDUSTRY 2003-2009

Vlatka Bilas orcid id orcid.org/0000-0002-9021-6651 ; Ekonomski fakultet Zagreb
Vedran Bači orcid id orcid.org/0000-0002-0499-049X

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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.

Keywords

acquisition experience; mergers and acquisitions; pharmaceutical industry

Hrčak ID:

62312

URI

https://hrcak.srce.hr/62312

Publication date:

17.12.2010.

Article data in other languages: croatian

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