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Strategic Deals in Emerging Capital Markets. Are There Efficiency Gains for Firms in BRIC Countries?

Switzerland : Springer, 2020.
Ivashkovskaya I., Grigorieva S.
Under the general editorship: Ivashkovskaya I., Grigorieva S., E. Nivorozhkin

The industrial development of emerging markets has been a powerful driver for mergers and acquisitions. The contributions collected in this book assess major M&A deals in the largest emerging capital markets (Brazil, Russia, India, China) and their role in shareholder value creation in the markets’ specific business environments. In addition, the book explores various dimensions of M&A deals in order to summarize the main trends in corporate control markets in the largest emerging countries, and how they differ from those in developed countries; to identify deal-performance relationships and the determinants of success or failure; to reveal the drivers for the premium in M&A deals; and to capture market responses to different M&A strategies. By doing so, the book makes a significant contribution to the literature, which has to date largely focused on developed markets.

Chapters
How M&A Deals Influence Corporate Performance in Developed and Emerging Capital Markets: A Review of Empirical Results in the Literature
Grigorieva S., , in: Strategic Deals in Emerging Capital Markets. Are There Efficiency Gains for Firms in BRIC Countries?.: Switzerland: Springer, 2020. Ch. 2 P. 33–61.
This chapter surveys the recent trends in the literature on the performance of M&A deals in developed and emerging capital markets. This literature is voluminous, diverse and challenging. We focus on the transactions within one country – domestic M&As – in particular focusing on the methods that the researchers use to estimate whether M&A deals ...
Added: October 31, 2019
Post-acquisition Value Effects of M&A Deals: A Comparative Analysis in Developed and Emerging Capital Markets
Grigorieva S., Kuzmina Svetlana, , in: Strategic Deals in Emerging Capital Markets. Are There Efficiency Gains for Firms in BRIC Countries?.: Switzerland: Springer, 2020. Ch. 5 P. 113–135.
This chapter contributes to the literature on M&A performance by examining the impact of M&A deals on company value over the long-run in developed and emerging economies. Examining a sample of 153 and 125 deals from Western European and emerging capital markets respectively, 2002-2013, and employing economic profit as a performance measure,we find that transactions ...
Added: October 31, 2019
Corporate Diversification-Performance Puzzle in BRIC
Grigorieva S., , in: Strategic Deals in Emerging Capital Markets. Are There Efficiency Gains for Firms in BRIC Countries?.: Switzerland: Springer, 2020. Ch. 9 P. 223–239.
Researchers have long tried to define the impact of corporate diversification on firm value. Academic papers mainly concentrate on the effects of corporate diversification in mature markets while its consequences in emerging capital markets are less explored. This article presents the results of an empirical analysis of corporate diversification strategies of a sample of companies ...
Added: October 31, 2019
What Drives the Control Premium? Evidence from BRIC Countries
Ivashkovskaya I., Chvyrova E., , in: Strategic Deals in Emerging Capital Markets. Are There Efficiency Gains for Firms in BRIC Countries?.: Switzerland: Springer, 2020. Ch. 6.
The literature on M&As provides ample evidence for the variability of premiums paid in M&As deals over time and in different types of deals. Most work has been done on the data from developed markets. Using a sample of M&A deals in the largest emerging markets (BRIC) for 2000–2015, we examine three types of factors ...
Added: November 6, 2019
Corporate international diversification and performance – an economic profit viewpoint: evidence from BRIC companies
Ivashkovskaya I., Scherbakov D., Yakovenko P., , in: Strategic Deals in Emerging Capital Markets. Are There Efficiency Gains for Firms in BRIC Countries?.: Switzerland: Springer, 2020. Ch. 10.
In recent years corporate international diversification has become a widely used growth strategy for companies from both developed and emerging markets. Nevertheless, academic papers provide contradictory results on whether the influence of international diversification on firm performance is positive or negative. This chapter presents the results of an empirical analysis of corporate international diversification – ...
Added: November 6, 2019
M&A Trends in Emerging Capital Markets
Junzhi D., Chakrabarti R., de Moraes K. M. et al., , in: Strategic Deals in Emerging Capital Markets. Are There Efficiency Gains for Firms in BRIC Countries?.: Switzerland: Springer, 2020.
Added: May 17, 2020
M&A Trends in Emerging Capital Markets
Deng J., Chakrabarti R., de Moraes K. M. et al., , in: Strategic Deals in Emerging Capital Markets. Are There Efficiency Gains for Firms in BRIC Countries?.: Switzerland: Springer, 2020.
Added: May 17, 2020
M&As Trends in Emerging Capital Markets
Skvortsova I., Deng J., Chakrabarti R. et al., , in: Strategic Deals in Emerging Capital Markets. Are There Efficiency Gains for Firms in BRIC Countries?.: Switzerland: Springer, 2020.
Added: May 17, 2020
M&As Trends in Emerging Capital Markets
Skvortsova I., Deng J., Chakrabarti R. et al., , in: Strategic Deals in Emerging Capital Markets. Are There Efficiency Gains for Firms in BRIC Countries?.: Switzerland: Springer, 2020.
Added: May 17, 2020
Domestic M&As in Russia: Performance and Success Factors
Rodionov I. I., Mikhalchuk V. B., , in: Strategic Deals in Emerging Capital Markets. Are There Efficiency Gains for Firms in BRIC Countries?.: Switzerland: Springer, 2020. P. 189–220.
This research develops an approach to synergy analysis in domestic Russian mergers and acquisitions (M&As), tests potential success factors, and evaluates two types of operating and three types of financial synergies. This chapter makes two primary contributions to the literature. First, this chapter is related to the recent research that investigates M&As in emerging markets. ...
Added: December 14, 2020
Research target: Economics and Management
Priority areas: economics
Language: English
Full text
DOI
Text on another site
Keywords: company performanceBRIC countries emerging marketsmergers and acquisitions (M&A)assessment of efficiency of transport activity
Publication based on the results of:
­­­System of corporate financial decisions of innovative companies: empirical analysis of  developed and emerging capital markets (2018)
Strategic Deals in Emerging Capital Markets. Are There Efficiency Gains for Firms in BRIC Countries?
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