ACQUISITION VALUE CREATION IN EMERGING MARKETS: AN EMPIRICAL STUDY OF ACQUISITIONS IN INDIA.

2004 ◽  
Vol 2004 (1) ◽  
pp. H1-H6 ◽  
Author(s):  
PRASHANT KALE
Keyword(s):  
Empirical Study ◽  
Emerging Markets ◽  
Value Creation

Do cross-border mergers-acquisitions in mature and emerging markets create similar value?

2018 ◽  
Vol 31 (4) ◽  
pp. 944-958 ◽  
Author(s):  
Ludivine Chalencon ◽  
Ulrike Mayrhofer
Keyword(s):  
Empirical Study ◽  
Emerging Markets ◽  
Financial Markets ◽  
Emerging Economies ◽  
Value Creation ◽  
Content Type ◽  
Cross Border ◽  
A Value ◽  
Before And After ◽  
Depth Classification

Purpose The purpose of this paper is to compare the value creation of cross-border mergers and acquisitions (M&As) in mature and emerging markets. Design/methodology/approach The empirical study is based on a sample of 285 cross-border M&As announced between 2010 and 2012 and completed by companies of the French SBF 120 index in 54 countries. Findings The statistical analysis shows how financial markets react before and after the announcement of M&As. The obtained findings highlight significant differences: the reaction of financial markets before the announcement is moderately positive for M&As in mature economies, but negative for those in emerging economies; their reaction after the announcement is clearly positive for M&As in mature markets and moderately positive for those in emerging markets. Research limitations/implications Future studies on M&A value creation should differentiate mature and emerging economies and adopt a more in-depth classification of target countries. Practical implications This research emphasizes the necessity to consider country-specific factors for M&A value creation. Originality/value The empirical study is based on a sample of French acquirers, who account for 3 percent of the volume and value of M&As in the world and whose operations are rarely studied in the literature. The authors compare the reaction of financial markets before and after the announcement of M&As conducted in mature and emerging economies.

scholarly journals Going Abroad, Friends on Board: Cross-Border Venture Capital and Syndication Strategy in China

SAGE Open ◽  
2021 ◽  
Vol 11 (2) ◽  
pp. 215824402110074
Author(s):  
Zhiyi Qiu ◽  
Rong Chen ◽  
Ye Yang
Keyword(s):  
Empirical Study ◽  
Venture Capital ◽  
Emerging Markets ◽  
Cultural Distance ◽  
Cross Border ◽  
Entry Strategy ◽  
China Mainland ◽  
Entrepreneurial Activities

Cross-border venture capitals (CBVCs) are increasingly prevailing in recent decades, inter alia in emerging markets like China. The venture capital (VC) firms investing outside their home countries are faced with foreignness which is broadly regarded as liability. The primary aim of this article is to contribute to our understanding how foreignness affects VC’s strategy when entering emerging markets, particularly with respect to the foreignness originated from cultural distance. The data consist of over 5,000 CBVC deals taking place in China mainland from 1988 to 2016. Our empirical study shows that, with foreignness growing, it turns from liability into advantage in the context of CBVCs. We find an inverse U-shape relationship between foreignness and syndication, with VC firm’s reputation as the moderator. Besides, foreign VC firms establish local subsidiary when faced with foreignness, which serves as alternative to syndication. The key contribution of this article is that foreignness turns from liability into advantage in emerging markets, which exerts a curvilinear impact on the entry strategy of VC firms. This study advances the knowledge of foreignness and VC strategy, and sheds new light on entrepreneurial activities in emerging markets.

scholarly journals TYPES OF INNOVATION IN LOW-TECHNOLOGY FIRMS OF EMERGING MARKETS: AN EMPIRICAL STUDY IN BRAZILIAN INDUSTRY

2013 ◽  
Vol 10 (1) ◽  
Author(s):  
Paulo Antônio Zawislak ◽  
Aurora Carneiro Zen ◽  
Edi Madalena Fracasso ◽  
Fernanda Maciel Reichert ◽  
Nathália Amarante Pufal
Keyword(s):  
Empirical Study ◽  
Emerging Markets ◽  
Technology Firms

Market knowledge learning in emerging markets: an empirical study

2021 ◽  
Vol 20 (4) ◽  
pp. 376
Author(s):  
Waheed Akbar Bhatti ◽  
Agnieszka Chwialkowska ◽  
David Nickell ◽  
Minna Rollins
Keyword(s):  
Empirical Study ◽  
Emerging Markets ◽  
Market Knowledge ◽  
Knowledge Learning

Market Development and Value Creation for Low Socioeconomic Segments in Emerging Markets: An Integrated Perspective Using the 4A Framework

2020 ◽  
pp. 027614672096022
Author(s):  
Moutusy Maity ◽  
Ramendra Singh
Keyword(s):  
Emerging Markets ◽  
Low Income ◽  
Value Creation ◽  
Empirical Support ◽  
Market Development ◽  
Low Socioeconomic ◽  
Marketing Activities ◽  
Base Of Pyramid ◽  
The Impact ◽  
Cross National

This article uses the 4A framework (awareness, acceptability, affordability, accessibility) to examine the impact of marketing activities on market development (i.e., access to markets, access to people) and value creation (financial value and relationship value) in low-income segments in emerging markets. Using cross-national survey data spanning mobile phone users in five emerging Asian markets (countries: Bangladesh, India, Pakistan, Sri Lanka, and Thailand), the study findings provide empirical support for the 4A framework for small farmers and business persons (i.e., low-income entrepreneurs) in these markets. The study uniquely contributes to the base of pyramid literature in emerging markets since the 4A marketing framework has not been studied for its effectiveness on micro-entrepreneurs so far. This article also contributes to research and practice by showing how market development and value creation go hand-in-hand for micro-entrepreneurs in emerging markets.

scholarly journals ADR ON CLIENT’S DISPUTE WITH TRADING MEMBER AT THE LEADING STOCK EXCHANGE IN INDIA: AN EMPIRICAL STUDY

2020 ◽  
Vol 4 (3) ◽  
pp. 1-7
Author(s):  
Bezawada Brahmaiah
Keyword(s):  
Stock Market ◽  
Empirical Study ◽  
Emerging Markets ◽  
Stock Exchange ◽  
Developed Countries ◽  
Regulatory Framework ◽  
Securities Market ◽  
Case Method ◽  
Trading Rules ◽  
Study Results

The paper evaluates trading rules and regulations of the Stock Exchange in cash segment of the stock market in India. The paper adopts case method to study the trading rules and practices of trading members of the Exchange. It investigates the stock market’s misuses and abuses by the trading members. The paper provides guidance for the appropriate regulatory framework to Indian securities market and ensures investors’ protection. The results may be generalized in the emerging markets. Hence, researchers are encouraged to study results further in other developed countries. The paper finds that these practices are not only violation of trading rules of the Stock Exchange but also unfair and unethical trading practices.

scholarly journals The effects of e-Government cloud assimilation on public value creation: An empirical study of China

2019 ◽  
Vol 36 (4) ◽  
pp. 101397 ◽  
Author(s):  
Yikai Liang ◽  
Guijie Qi ◽  
Xin Zhang ◽  
Gang Li
Keyword(s):  
Empirical Study ◽  
Value Creation ◽  
Public Value
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