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Value Creation within the Construction Industry

A Study of Strategic Takeovers

Medium: Buch
ISBN: 978-3-631-60251-5
Verlag: Peter Lang
Erscheinungstermin: 13.01.2011
Lieferfrist: bis zu 10 Tage

Mergers & Acquisitions (M&A) are important strategic business options for corporations. Yet, the understanding of industry-specific drivers of M&A transactions is more than limited. Characterized by highly fragmented markets, cross-company production structures and increasing international business scope, the construction industry represents an attractive field of research to address questions on M&A motives. Based on comprehensively selected datasets and state-of-the-art empirical methods, the study illustrates the motives, the strategy and the effects of M&A transaction within the construction industry. Overall the analyzed M&A transactions tend to lead to an increase of corporate wealth. Important factors for a positive development comprise the peculiarities of the construction industry, the general market conditions and the nature of many takeovers. Still, the M&A transactions may also cause significant value destruction and may even lead to a failure of a company if an inappropriate strategy is applied.


Produkteigenschaften


  • Artikelnummer: 9783631602515
  • Medium: Buch
  • ISBN: 978-3-631-60251-5
  • Verlag: Peter Lang
  • Erscheinungstermin: 13.01.2011
  • Sprache(n): Englisch
  • Auflage: 1. Auflage 2011
  • Serie: Corporate Finance and Governance
  • Produktform: Gebunden
  • Gewicht: 298 g
  • Seiten: 114
  • Format (B x H x T): 153 x 216 x 11 mm
  • Ausgabetyp: Kein, Unbekannt
Autoren/Hrsg.

Autoren

Consolidation, Value Chain Extension and Outside Industry Investors - Value-Generating M&A Strategies in the Construction Industry - Strategic Bidders and Long-Run M&A Success Beyond Monopolistic Power - The Deteriorating Wealth Effect of National Acquisitions in Fragmented and Declining Markets.