Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2016.1197553
Does the geographic location influence takeovers?
Radu Ciobanu
orcid.org/0000-0002-2842-5604
Sažetak
The aim of this study is to examine whether there is an impact of
geographical proximity, between the acquirer and the target company
of a takeover process, on the success of the transaction. In order to do
this we analysed a complete database of all the takeover bids between
2000 and 2014 on the Romanian capital market. The evidence reveals
that not only is the geographical proximity important for the success
of the transaction, but that also takeovers can occur across distant
locations if the target firm has a long history of its activity that can be
monitored by the acquiring companies. We have also tested if there
are NUTS regions characteristics that can influence the decisionmaking,
but the results were inconclusive.
Ključne riječi
Takeover bids; geographical proximity; M&A decision; probability of success
Hrčak ID:
171761
URI
Datum izdavanja:
22.12.2016.
Posjeta: 976 *