Click Here to Download: https://ouo.io/Aas9Z8 Acquisitions by Emerging Multinational Corporations Motivation and Performance of Transactions in Western Europe and North America By: Johannes Distler Publisher: Springer Gabler Print ISBN: 9783658191115, 3658191112 eText ISBN: 9783658191122, 3658191120 Copyright year: 2018 Format: PDF Available from $ 89.00 USD SKU 9783658191122 This thesis analyzes the motivation and performance of 403 acquisitions made by emerging multinational corporations (EMNCs) in Western Europe and North America between 1994 and 2013. The findings indicate that most EMNCs were motivated to acquire in order to obtain access to the upstream and downstream know-how of their target firms. In addition, the thesis' event study results demonstrate that EMNCs on average generated value for their shareholders with their acquisitions over short periods around acquisition announcement. This result is particularly significant since similar studies on buying firms from developed markets have frequently come to the conclusion that acquirers destroy shareholder value.
