Mergers and Acquisitions in Central and Eastern Europe and the Impact of the Global Economic Crisis

Author(s):  
Christina Sakali
2014 ◽  
Vol 7 (1) ◽  
pp. 102-112
Author(s):  
Andreea Nicoleta Popovici

Abstract Mergers and acquisitions are ways used by banks to improve their profitability and to obtain other advantages. The purpose of this study is to analyze the impact of mergers and acquisitions on the performance of the bidder bank. For this study, I have chosen to research the impact of acquisitions and mergers of Erste Group during 2000-2011, considering the target bank is in Central and Eastern Europe. Using the event study methodology, the result of the study shows that a merger or an acquisition does not improve the value market of the shares of the bidder bank.


Equilibrium ◽  
2013 ◽  
Vol 8 (4) ◽  
pp. 49-64 ◽  
Author(s):  
Dorota Żuchowska

The model of the macroeconomic stabilisation pentagon allows for a quick insight into the most important macroeconomic indicators of an economy in question. On the basis of this concept - comparing pentagrams for particular years - changes of the economic condition of countries can be examined. Moreover, the analysis of each of the adopted criteria allows for the evaluation of achievement of particular goals by a country in terms of its economic policy. The aim of this article is to describe the condition of Central and Eastern Europe countries in the years 2007-2010. The economies analysed were compared at two levels. The first level concerned the macroeconomic situation of all economies in particular years just before and during the global economic crisis. At the second level, the changes in the analysed indicators in particular economies of Central and Eastern Europe were compared. The results of the analysis shall contribute to the formulation of conclusions concerning the influence of the financial crisis upon the macroeconomic situation of the CEE countries.


2018 ◽  
Vol 27 (1) ◽  
pp. 35-49 ◽  
Author(s):  
Jiří Blažek ◽  
Tereza Hejnová ◽  
Hynek Rada

This paper aims to unravel the impacts of the global economic crisis upon European banking centres on the basis of the evolution of key economic indicators, such as total assets, profitability and the level of risk to the banking sector over the 2004–2015 period. Counterintuitively, the European leading banking centres (London, Paris and Frankfurt), despite their extensive exposure to capital markets, displayed a high level of resilience, which contrasts with the evolution of the other major Western European centres, which clearly lagged behind the European leaders. From a macro-regional perspective, banking centres in Western Europe exhibited the first signals of both the crisis and the recovery, which were subsequently diffused across Europe. Surprisingly, the profitability of low-ranking banking centres in Central and Eastern Europe remained the highest over the whole 2004–2015 period, as these banks operate predominantly within a regional (national) market. Overall, during the 2004–2015 period, London, Paris and Frankfurt clearly strengthened their dominance among European banking centres.


2020 ◽  
Vol 3 (11) ◽  
pp. 126-131
Author(s):  
M. P. VAKHROMEEVA ◽  

The article examines the impact of the coronavirus infection COVID-19 on world economic processes, analyzes the ways out of the global economic crisis, analyzes approaches to the restoration of national economies.


2021 ◽  
Vol 187 (1-2) ◽  
pp. 90-98
Author(s):  
Nadezhda Shchukina ◽  
◽  
Victoria Varfalovskaya ◽  
Anna Bekaeva ◽  
Luis Salinas ◽  
...  

The purpose of the research is to identify the main trends and also a model for businesses during COVID-19 pandemic. We focuse on the study of the results of state regulation of business under pandemic conditions and the related global economic crisis. The impact of a number of anti-crisis measures implemented by the Government to support small and medium businesses is studied. The problems of development and survival of enterprises in a down economy are identified and the solutions are suggested. The measures taken by the government to prevent wave of bankruptcies during the pandemic are analyzed. The scenario problems facing the business in the context of COVID-19 crisis are identified. In addition to examining the effect of COVID-19 on small and medium-sized businesses, this article also suggests operational steps to overcome this critical situation.


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