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Meanings and Interpretations of Value and Value Creation Read chapter Read first chapter

2017 | OriginalPaper | Chapter

6. The Value Creation of Mergers and Acquisitions in Mature and Emerging Markets: A Study of French Multinationals

Authors : Ludivine Chalençon, Ulrike Mayrhofer

Published in: Value Creation in International Business

Publisher: Springer International Publishing

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Abstract

Foreign direct investment (FDI) in emerging markets has considerably increased during the recent period. These investments often take the form of mergers and acquisitions (M&As) signed with local partners (Hadjikhani et al. 2012; Mayrhofer 2013). In 2013, 26% of registered operations took place in emerging economies, whereas M&As in these countries only accounted for 6% in 1990 (UNCTAD 2014). The increasing interest of multinationals in M&As in emerging markets raises numerous questions (Malhotra and Gaur 2014). Which companies are particularly active in establishing M&As? Which are the preferred destinations chosen for these external growth strategies? How do financial markets react to these trends? Do M&As in emerging countries create similar value to operations in mature countries?

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previous chapter Cross-Border Mergers and Acquisitions from India: Motives and Integration Strategies of Indian Acquirers
next chapter Africa: An Emerging Context for Value Creation with Cross-Border Mergers and Acquisitions
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Metadata
Title
The Value Creation of Mergers and Acquisitions in Mature and Emerging Markets: A Study of French Multinationals
Authors
Ludivine Chalençon
Ulrike Mayrhofer
Copyright Year
2017
Book
Value Creation in International Business

Print ISBN: 978-3-319-30802-9

Electronic ISBN: 978-3-319-30803-6

Copyright Year: 2017

DOI
https://doi.org/10.1007/978-3-319-30803-6_6