M & A and privatisations in Poland: key success factors of cross-border acquisitions into the Polish market
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Abschlussarbeit Buch |
| Sprache: | English |
| Veröffentlicht: |
Wiesbaden
Dt. Univ.-Verl.
2001
Wiesbaden Gabler |
| Ausgabe: | 1. Aufl. |
| Schriftenreihe: | Gabler Edition Wissenschaft
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XXI, 235 S. Ill. + Beil. (2 S.) |
| ISBN: | 3824474158 |
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| 245 | 1 | 0 | |a M & A and privatisations in Poland |b key success factors of cross-border acquisitions into the Polish market |c Christiane Tewes. With a foreword by Ruediger von Eisenhart-Rothe |
| 246 | 1 | 3 | |a M and A and privatisations in Poland |
| 250 | |a 1. Aufl. | ||
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Datensatz im Suchindex
| _version_ | 1808227417308790784 |
|---|---|
| adam_text |
CONTENTS
LIST
OF
FIGURES
_
XVH
LIST
OF
TABLES
.
XIX
TERMS
OF
REFERENCE
_
XXI
1.
INTRODUCTION
_
1
1.1.
T
HE
P
OLISH
CHALLENGE
:
ACQUISITIONS
INTO
P
OLAND
'
S
PRIVATISING
INDUSTRIES
.
1
1.2.
D
EFINITION
OF
TERMS
.
3
1.2.1.
CENTRAL
AND
EASTERN
EUROPE
(CEE)
.
3
1.2.2.
MERGERS
AND
ACQUISITIONS
.
4
1.2.3.
PRIVATISATION
.
4
1.2.4.
KEY
SUCCESS
FACTORS
.
4
1.3.
S
TRUCTURE
OF
THE
DISSERTATION
.
5
2.
METHODOLOGY
_
9
2.1.
R
ESEARCH
BACKGROUND
AND
RATIONALE
FOR
THE
SELECTED
TOPIC
.
9
2.2.
R
ESEARCH
OBJECTIVES
.
10
2.3.
D
ATA
GATHERING
METHOD
.
10
2.3.1.
SECONDARY
RESEARCH
.
10
2.3.1.1.
GENERAL
APPROACH
.
10
2.3.1.2.
LIMITATIONS
.
11
2.3.2.
PRIMARY
RESEARCH
.
12
2.3.2.I.
DATA
GATHERING
INSTRUMENT
.
12
2.3.2.2.
SAMPLING
PLAN
.
14
2.3.2.2.I.
TARGET
POPULATION
.
14
23.2.2.2.
SAMPLING
METHOD
.
14
2.3.2.3.
DATA
COLLECTION
.
15
2.3.2.4.
LIMITATIONS
.
16
3.
FRAMEWORK
CONDITIONS
FOR
ACQUISITIONS
IN
POLAND
--------------
17
3.1.
P
OLITICAL
AND
ECONOMIC
BACKGROUND
OF
P
OLAND
.
17
3.1.1.
POLAND
'
S
POLITICAL
ENVIRONMENT
.
17
3.1.2.
POLAND
'
S
ECONOMIC ENVIRONMENT
WITHIN
CENTRAL
AND
EASTERN
EUROPE
.
21
3.1.2.1.
ECONOMIC
SITUATION
AT
THE
END
OF
THE
1980S
.
21
3.1.2.2.
ECONOMIC
DEVELOPMENT
DURING THE
1990S,
CURRENT
ECONOMIC
SITUATION
AND
OUTLOOK
.
25
3.1.2.3.
FOREIGN
DIRECT
INVESTMENTS
(FDI)
.
31
XIV
CONTENTS
3.2.
L
EGAL
PRIVATISATION
ENVIRONMENT
IN
P
OLAND
.
35
3.2.1.
SMALL
PRIVATISATION
.
38
3.2.2.
MASS
PRIVATISATION
PROGRAMME
.
38
3.2.3.
CAPITAL
(
INDIRECT)
PRIVATISATION
.
39
3.2.3.1.
TRADE
SALE
(PUBLIC
TENDER)
AND
PRIVATISATION
ADVISOR
.
39
3.2.3.2.
PUBLIC
OFFERING
(IPO)
.
41
3.2.4.
DIRECT
PRIVATISATION
.
42
3.2.5.
LIQUIDATION
(BANKRUPTCY)
.
43
3.2.6.
REPRIVATISATION/
RESTITUTION
.
43
3.2.7.
PRIVATISATION
PROGRESS
AND
EXPECTED
REVENUES
.
44
4.
ACQUISITION
STRATEGIES
IN
POLAND
.
45
4.1.
M
ARKET
ENTRY
STRATEGIES
.
45
4.2.
S
TRATEGIC
ACQUISITION
PROCESS
.
48
4.3.
V
ALUE
CREATION
POTENTIALS
-
SOURCES
OF
ACQUISITION
SUCCESS
.
49
4.4.
P
RE
-
ACQUISITION
PHASE
.
50
4.4.1.
STRATEGIC
OBJECTIVE:
THE
RIGHT
REASON
.
50
4.4.1.1.
STRATEGIC
POSITIONING
AND
GLOBALISATION
.
50
4.4.I.2.
MARKET
ENTRY
OBJECTIVES
.
52
4.4.I.3.
OBSTACLES
TO
MARKET
ENTRY
.
54
4.4.1.4.
CONCLUSION:
KEY
SUCCESS
FACTORS
.
55
4.4.2.
SEARCH
AND
SCREENING
PROCESS:
THE
RIGHT
INFORMATION
.
56
4.4.2.1.
PROJECT
ORGANISATION
.
56
4.4.2.2.
INFORMATION
SOURCES
AND
THE
ROLE
OF
ADVISORS
.
56
4.4.2.3.
DEVELOPMENT
OF
A
TARGET
REQUIREMENT
PROFILE
.
57
4.4.2.4.
ANALYSIS
OF
COMPETITIVE
ENVIRONMENT
.
59
4.4.2.5.
ANALYSIS
OF
THE
POTENTIAL
POLISH
TARGET
.
61
4.4.2.5.I.
TYPICAL
WEAKNESSES
OF
POLISH
COMPANIES
.
61
4.4.2.5.2.
TYPICAL
STRENGTHS
OF
POLISH
COMPANIES
.
62
4.4.2.5.3.
PRELIMINARY
INTEGRATION
PLAN
.
63
4.4.2.6.
CONCLUSION:
KEY
SUCCESS
FACTORS
.
63
4.4.3.
VALUATION:
THE
"RIGHT"
PRICE
.
64
4.4.3.1.
VALUE
OF
ASSETS
(BOOK
VALUE/
ADJUSTED
BOOK
VALUE)
.
68
4.4.3.2.
DISCOUNTED
CASH
FLOW
VALUATION
(DCF)
.
69
4.4.3.3.
MULTIPLES
AND
COMPARABLE
TRANSACTIONS
.
72
4.4.3.4.
CONCLUSION:
KEY
SUCCESS
FACTORS
.
73
4.5.
T
HE
DEAL-THE
RIGHT
EXECUTION
.
74
4.5.1.
EXPECTATIONS
OF
PARTIES
INVOLVED
.
75
4.5.2.
TENDER
PROCEDURE
.
77
4.5.2.1.
INFORMATION
MEMORANDUM
.
77
4.5.2.2.
KEY
ELEMENTS
OF
A
BIDDING
PROPOSAL
.
77
4.5.2.2.I.
EVALUATION
CRITERIA
.
77
4.5.2.2.2.
PRICE-METHOD
PACKAGE
.
78
CONTENTS
XV
4.5.3.
DUE
DILIGENCE
.
83
4.5.4.
NEGOTIATIONS
.
84
4.5.5.
DOCUMENTATION,
SIGNING
AND
CLOSING
.
85
4.5.6.
CONCLUSION:
KEY
SUCCESS
FACTORS
.
85
4.6.
P
OST
ACQUISITION
INTEGRATION
-
THE
RIGHT
IMPLEMENTATION
.
86
4.6.1.
INTEGRATION
APPROACHES
.
86
4.6.2.
SPEED
OF
INTEGRATION
.
88
4.6.3.
STRATEGIC
AND
OPERATIVE
INTEGRATION:
TURNAROUND-MANAGEMENT
.
89
4.6.3.1.
MANAGING
STRATEGY
.
89
4.6.3.2.
MANAGING
OPERATIONAL
FACTORS
.
90
4.6.3.3.
MANAGING
CULTURAL
DIFFERENCES
.
91
4.6.4.
CONCLUSION:
KEY
SUCCESS
FACTORS
.
95
5.
PRIMARY
RESEARCH
RESULTS:
KEY
SUCCESS
FACTORS
.
97
5.1.
G
ENERAL
RESULTS
.
97
5.1.1.
FINDINGS
AND
INTERPRETATIONS
.
97
5.1.2.
CONCLUSIONS
.
101
5.2.
S
TRATEGIC
OBJECTIVE
:
THE
RIGHT
REASON
.
103
5.2.1.
FINDINGS
AND
INTERPRETATIONS
.
103
5.2.2.
CONCLUSIONS
.
105
5.3.
S
EARCH
AND
SCREENING
PROCESS
:
THE
RIGHT
INFORMATION
.
105
5.3.1.
FINDINGS
AND
INTERPRETATIONS
.
105
5.3.2.
CONCLUSIONS
.
110
5.4.
V
ALUATION
:
THE
"
RIGHT
"
PRICE
.
ILL
5.4.1.
FINDINGS
AND
INTERPRETATIONS
.
ILL
5.4.2.
CONCLUSIONS
.
114
5.5.
T
HE
DEAL-THE
RIGHT
EXECUTION
.
115
5.5.1.
FINDINGS
AND
INTERPRETATIONS
.
115
5.5.2.
CONCLUSIONS
.
119
5.6.
POST-ACQUISITION
INTEGRATION:
THE
RIGHT
IMPLEMENTATION
.
121
5.6.1.
FINDINGS
AND
INTERPRETATIONS
.
121
5.
6.2.
CONCLUSIONS
.
124
5.7.
U
SE
OF
ADVISORS
.
126
5.7.1.
FINDINGS
AND
INTERPRETATIONS
.
126
5.7.2.
CONCLUSIONS
.
127
6.
CONCLUSIONS
AND
RECOMMENDATIONS
-
.
129
7.
PROSPECTS
_
135
BIBLIOGRAPHY
_
229 |
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| edition | 1. Aufl. |
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| genre_facet | Hochschulschrift |
| geographic | Polen (DE-588)4046496-9 gnd |
| geographic_facet | Polen |
| id | DE-604.BV023524760 |
| illustrated | Illustrated |
| index_date | 2024-07-02T22:33:42Z |
| indexdate | 2024-08-24T00:40:45Z |
| institution | BVB |
| isbn | 3824474158 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016845009 |
| oclc_num | 915846473 |
| open_access_boolean | |
| owner | DE-521 |
| owner_facet | DE-521 |
| physical | XXI, 235 S. Ill. + Beil. (2 S.) |
| publishDate | 2001 |
| publishDateSearch | 2001 |
| publishDateSort | 2001 |
| publisher | Dt. Univ.-Verl. Gabler |
| record_format | marc |
| series2 | Gabler Edition Wissenschaft |
| spelling | Tewes, Christiane Verfasser aut M & A and privatisations in Poland key success factors of cross-border acquisitions into the Polish market Christiane Tewes. With a foreword by Ruediger von Eisenhart-Rothe M and A and privatisations in Poland 1. Aufl. Wiesbaden Dt. Univ.-Verl. 2001 Wiesbaden Gabler XXI, 235 S. Ill. + Beil. (2 S.) txt rdacontent n rdamedia nc rdacarrier Gabler Edition Wissenschaft Zugl.: Diss. Mergers and Acquisitions (DE-588)4205916-1 gnd rswk-swf Privatisierung (DE-588)4047297-8 gnd rswk-swf Polen (DE-588)4046496-9 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Polen (DE-588)4046496-9 g Privatisierung (DE-588)4047297-8 s Mergers and Acquisitions (DE-588)4205916-1 s DE-604 DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016845009&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Tewes, Christiane M & A and privatisations in Poland key success factors of cross-border acquisitions into the Polish market Mergers and Acquisitions (DE-588)4205916-1 gnd Privatisierung (DE-588)4047297-8 gnd |
| subject_GND | (DE-588)4205916-1 (DE-588)4047297-8 (DE-588)4046496-9 (DE-588)4113937-9 |
| title | M & A and privatisations in Poland key success factors of cross-border acquisitions into the Polish market |
| title_alt | M and A and privatisations in Poland |
| title_auth | M & A and privatisations in Poland key success factors of cross-border acquisitions into the Polish market |
| title_exact_search | M & A and privatisations in Poland key success factors of cross-border acquisitions into the Polish market |
| title_exact_search_txtP | M & A and privatisations in Poland key success factors of cross-border acquisitions into the Polish market |
| title_full | M & A and privatisations in Poland key success factors of cross-border acquisitions into the Polish market Christiane Tewes. With a foreword by Ruediger von Eisenhart-Rothe |
| title_fullStr | M & A and privatisations in Poland key success factors of cross-border acquisitions into the Polish market Christiane Tewes. With a foreword by Ruediger von Eisenhart-Rothe |
| title_full_unstemmed | M & A and privatisations in Poland key success factors of cross-border acquisitions into the Polish market Christiane Tewes. With a foreword by Ruediger von Eisenhart-Rothe |
| title_short | M & A and privatisations in Poland |
| title_sort | m a and privatisations in poland key success factors of cross border acquisitions into the polish market |
| title_sub | key success factors of cross-border acquisitions into the Polish market |
| topic | Mergers and Acquisitions (DE-588)4205916-1 gnd Privatisierung (DE-588)4047297-8 gnd |
| topic_facet | Mergers and Acquisitions Privatisierung Polen Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016845009&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT teweschristiane maandprivatisationsinpolandkeysuccessfactorsofcrossborderacquisitionsintothepolishmarket AT teweschristiane mandaandprivatisationsinpoland |