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Strategic Deals in Emerging Capital Markets

Are There Efficiency Gains for Firms in BRIC Countries?

  • Irina Ivashkovskaya
  • Svetlana Grigorieva
  • Eugene Nivorozhkin
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Part of the Advanced Studies in Emerging Markets Finance book series (SEMF)

Table of contents

  1. Front Matter
    Pages i-xiv
  2. Strategic Deals and Value Creation: The Lessons from Previous Research

    1. Front Matter
      Pages 1-1
    2. Deng Junzhi, Rajesh Chakrabarti, Karla Motta Kiffer de Moraes, Luiz F. Autran M. Gomes, Irina Skvortsova
      Pages 3-31
    3. Anna Baranovskaya, Margarita Stemasova
      Pages 81-109
  3. Strategic Deals and Value Effects: New Empirical Evidence

    1. Front Matter
      Pages 111-111
    2. Irina Ivashkovskaya, Elena Chvyrova
      Pages 137-160
    3. Ivan Rodionov, Vitaly Mikhalchuk
      Pages 189-220
  4. Diversification Strategies via M&As: New Evidence from BRIC

    1. Front Matter
      Pages 221-221
    2. Svetlana Grigorieva
      Pages 223-239
    3. Eugene Nivorozhkin, Irina Ivashkovskaya
      Pages 269-273

About this book

Introduction

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.

Keywords

Mergers and acquisitions Shareholder value Capital markets in emerging countries Corporate value creation BRIC countries Russia Brazil India China Firm performance Corporate international diversification

Editors and affiliations

  • Irina Ivashkovskaya
    • 1
  • Svetlana Grigorieva
    • 2
  • Eugene Nivorozhkin
    • 3
  1. 1.Higher School of EconomicsNational Research UniversityMoscowRussia
  2. 2.Higher School of EconomicsNational Research UniversityMoscowRussia
  3. 3.School of Slavonic and East European StudiesUniversity College LondonLondonUK

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-030-23850-6
  • Copyright Information Springer Nature Switzerland AG 2020
  • Publisher Name Springer, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-030-23849-0
  • Online ISBN 978-3-030-23850-6
  • Series Print ISSN 2662-4281
  • Series Online ISSN 2662-429X
  • Buy this book on publisher's site