The Economic Impact of Cross-border M & A on Automobile Industry
| Project/Area Number |
21530308
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Nagoya City University |
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Principal Investigator |
NAGANO Mamoru 名古屋市立大学, 大学院・経済学研究科, 教授 (20508858)
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| Project Period (FY) |
2009 – 2011
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| Project Status |
Completed (Fiscal Year 2011)
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| Budget Amount *help |
¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2011: ¥390,000 (Direct Cost: ¥300,000、Indirect Cost: ¥90,000)
Fiscal Year 2010: ¥390,000 (Direct Cost: ¥300,000、Indirect Cost: ¥90,000)
Fiscal Year 2009: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
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| Keywords | 直接投資 / 国際企業買収 / 新興国市場 / クロスボーダーM&A / 株式取得比率 / マネジメント・システム変化 / 買収企業収益性変化 / ターゲット企業収益性変化 |
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| Research Abstract |
This study empirically investigates the post預cquisition performance of both acquiring and acquired firms by sa. mpling automobile and electronics firms in East Asia. The following results were derived from the analyses. First, the market-to-book ratio of acquirers and the return on assets(ROA) percentage of acquired firms increase after the a. cquisitions. This improvement is even more remarkable when the deal is a cross-border acquisition. The results also indicate that post預cquisition performance is boosted when the acquirer and acquired firm belong to close industrial categories. In summary, many acquisitions improve corporate performance and the probability of heightened performance increases when the above requirements are met.
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Report
(4 results)
Research Products
(22 results)
