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Olivier Bertrand, Marie-Ann Betschinger, Nina Bertschy and Roman Shidlauskas

We focus on the determinants of the choice between international joint ventures and acquisitions when entering emerging countries. We empirically explore if subregional…

Abstract

We focus on the determinants of the choice between international joint ventures and acquisitions when entering emerging countries. We empirically explore if subregional variation in the political regime matters for the entry mode decision of foreign investors. Based on an analysis of 151 foreign entries into Russia for the period 2002–2008, our results indicate that the entry mode choice is linked to regional variation in the level of democracy. Foreign entries in more democratic regions are more likely to take the form of joint ventures, and vice versa.

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Olivier Bertrand, Marie-Ann Betschinger and Yulia Petrina

This paper investigates the relationship between divestiture activity and subsequent acquisition deal-making. We argue that the divestiture activity of firms influences…

Abstract

This paper investigates the relationship between divestiture activity and subsequent acquisition deal-making. We argue that the divestiture activity of firms influences their acquisition behavior through corporate restructuring learning effects and enhanced strategic flexibility. These organizational spillovers affect not only the degree of risk acquirers are ready to take but also their ability to effectively negotiate with the target firm. We test the existence of organizational spillovers for an international sample of 4,795 acquirers for the period 1990–2008 and get support for our theoretical predictions.

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Advances in Mergers and Acquisitions
Type: Book
ISBN: 978-1-78350-970-6

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Advances in Mergers and Acquisitions
Type: Book
ISBN: 978-1-78635-394-8

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Abstract

Details

Advances in Mergers and Acquisitions
Type: Book
ISBN: 978-1-78350-970-6

To view the access options for this content please click here

Abstract

Details

Advances in Mergers and Acquisitions
Type: Book
ISBN: 978-1-78635-394-8

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