The long-term success of mergers and acquisitions in the international automotive supply industry:
Saved in:
| Main Author: | |
|---|---|
| Format: | Thesis Book |
| Language: | English |
| Published: |
Wiesbaden
Gabler
2009
|
| Edition: | 1. ed. |
| Series: | EBS-Forschung
71 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XX, 198 S. 21 cm |
| ISBN: | 9783834916938 |
Staff View
MARC
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Record in the Search Index
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| adam_text | JAN-PEER LAABS THE LONG-TERM SUCCESS OF MERGERS AND ACQUISITIONS IN THE
INTERNATIONAL AUTOMOTIVE SUPPLY INDUSTRY WITH A FOREWORD BY PROF. DR.
DIRK SCHIERECK GABLER EDITION WISSENSCHAFT TABLE OF CONTENTS LIST OF
FIGURES XV LIST OF TABLES XVII LIST OF ABBREVIATIONS XIX 1 INTRODUCTION
1 1.1 PROBLEM DEFINITION AND OBJECTIVES 1 1.2 COURSE OF ANALYSIS 5 2
RESEARCH FOUNDATIONS 9 2.1 THE AUTOMOTIVE SUPPLY INDUSTRY 9 2.1.1
DEFINITION AND SCOPE 9 2.1.2 CURRENT TRENDS AND CHALLENGES 10 2.2
MERGERS AND ACQUISITIONS 15 2.3 MEASURING SUCCESS OF MERGERS AND
ACQUISITIONS 16 2.3.1 TIME HORIZONS 16 2.3.2 RESEARCH APPROACHES 19 3
STUDY 1: DETERMINANTS OF CAPITAL MARKET PERFORMANCE 23 3.1 INTRODUCTION
23 3.2 LITERATURE REVIEW AND HYPOTHESES 25 3.2.1 RELATED LITERATURE 25
3.2.2 HYPOTHESES 29 3.2.2.1 THE OVERALL EFFECT 29 3.2.2.2 THE IMPACT OF
TRANSACTION CHARACTERISTICS 29 3.2.2.3 THE IMPACT OF ACQUIRER
CHARACTERISTICS 31 3.3 DATA AND METHODOLOGY 33 3.3.1 IDENTIFYING MERGING
COMPANIES 33 3.3.2 PORTFOLIO OF MATCHING FIRMS 35 3.3.3 ECONOMETRIC
STRATEGY 36 3.3.3.1 SHORT-TERM METHODOLOGY 36 3.3.3.2 LONG-TERM
METHODOLOGY 40 3.4 EMPIRICAL RESULTS 43 3.4.1 THE OVERALL EFFECT 43
3.4.2 THE IMPACT OF TRANSACTION CHARACTERISTICS 47 3.4.2.1 GEOGRAPHICAL
EXPANSION 47 XII TABLE OF CONTENTS 3.4.2.2 PRODUCT DIVERSIFICATION 52
3.4.2.3 TRANSACTION SIZE 57 3.4.3 THE IMPACT OF ACQUIRER CHARACTERISTICS
61 3.4.3.1 PRODUCT GROUPS 61 3.4.3.2 ACQUISITION EXPERIENCE 67 3.5
ROBUSTNESS CHEQUES AND CROSS-SECTIONAL REGRESSIONS 72 3.5.1 REGRESSION
OF SHORT-TERM CAARS 73 3.5.2 REGRESSION OF LONG-TERM BHARS 83 3.6
CONCLUSION 90 4 STUDY 2: DOES OPERATING PERFORMANCE MEET MARKET
EXPECTATIONS? 93 4.1 INTRODUCTION 93 4.2 LITERATURE REVIEW AND
HYPOTHESES 95 4.2.1 RELATED LITERATURE 95 4.2.2 HYPOTHESES 98 4.2.2.1
THE OVERALL EFFECT 98 4.2.2.2 THE IMPACT OF TRANSACTION AND ACQUIRER
CHARACTERISTICS.. 100 4.2.2.3 THE CORRELATION OF ACCOUNTING- AND
EVENT-STUDY RESULTS 100 4.3 DATA AND METHODOLOGY 101 4.3.1 IDENTIFYING
MERGING COMPANIES 101 4.3.2 PORTFOLIO OF MATCHING FIRMS 103 4.3.3
ECONOMETRIC STRATEGY 105 4.4 EMPIRICAL RESULTS 108 4.4.1 THE OVERALL
EFFECT 108 4.4.2 DETERMINANTS OF PROFITABILITY 113 4.5 THE CORRELATION
OF ACCOUNTING- AND EVENT-STUDY RESULTS 121 4.6 CONCLUSION 129 5 STUDY 3:
HOW A GOOD BIDDER BECOMES A GOOD TARGET - THE CASE OF CONTINENTAL AG
ACQUIRING SIEMENS VDO 133 5.1 INTRODUCTION 133 5.2 LITERATURE REVIEW AND
INDUSTRY OVERVIEW 135 5.2.1 RELATED LITERATURE 135 5.2.2 OVERVIEW OF THE
AUTOMOTIVE SUPPLY INDUSTRY 139 5.3 CASE STUDY BACKGROUND 142 5.3.1 THE
TRANSACTION PARTNERS 142 5.3.1.1 CONTINENTAL AG 142 5.3.1.2 SIEMENS VDO
AUTOMOTIVE 146 5.3.2 TRANSACTION MOTIVES 149 5.3.3 THE ACQUISITION EVENT
153 TABLE OF CONTENTS XIII 5.4 ACQUISITION PERFORMANCE 156 5.4.1 THE
CAPITAL MARKET PERSPECTIVE 156 5.4.2 PERFORMANCE ANALYSIS 164 5.5
DISCUSSION AND CONCLUSION 170 6 CONCLUSION 173 APPENDIX 181 REFERENCES
189
|
| any_adam_object | 1 |
| author | Laabs, Jan-Peter |
| author_GND | (DE-588)138595097 |
| author_facet | Laabs, Jan-Peter |
| author_role | aut |
| author_sort | Laabs, Jan-Peter |
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| bvnumber | BV035786913 |
| classification_rvk | QP 450 QR 524 |
| ctrlnum | (OCoLC)430523999 (DE-599)DNB993260918 |
| dewey-full | 338.836292 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 338 - Production |
| dewey-raw | 338.836292 |
| dewey-search | 338.836292 |
| dewey-sort | 3338.836292 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 1. ed. |
| format | Thesis Book |
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| isbn | 9783834916938 |
| language | English |
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| physical | XX, 198 S. 21 cm |
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| spelling | Laabs, Jan-Peter Verfasser (DE-588)138595097 aut The long-term success of mergers and acquisitions in the international automotive supply industry Jan-Peer Laabs. With a forew. by Dirk Schiereck 1. ed. Wiesbaden Gabler 2009 XX, 198 S. 21 cm txt rdacontent n rdamedia nc rdacarrier EBS-Forschung 71 Gabler Edition Wissenschaft Zugl.: Oestrich-Winkel, Europ. Business School, Diss., 2009 Kraftfahrzeugzulieferindustrie - Mergers and Acquisitions - Erfolgsfaktor Erfolgsfaktor (DE-588)4197034-2 gnd rswk-swf Kraftfahrzeugzulieferindustrie (DE-588)4260022-4 gnd rswk-swf Mergers and Acquisitions (DE-588)4205916-1 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Kraftfahrzeugzulieferindustrie (DE-588)4260022-4 s Mergers and Acquisitions (DE-588)4205916-1 s Erfolgsfaktor (DE-588)4197034-2 s DE-604 EBS-Forschung 71 (DE-604)BV010702141 71 GBV Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018646316&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Laabs, Jan-Peter The long-term success of mergers and acquisitions in the international automotive supply industry EBS-Forschung Kraftfahrzeugzulieferindustrie - Mergers and Acquisitions - Erfolgsfaktor Erfolgsfaktor (DE-588)4197034-2 gnd Kraftfahrzeugzulieferindustrie (DE-588)4260022-4 gnd Mergers and Acquisitions (DE-588)4205916-1 gnd |
| subject_GND | (DE-588)4197034-2 (DE-588)4260022-4 (DE-588)4205916-1 (DE-588)4113937-9 |
| title | The long-term success of mergers and acquisitions in the international automotive supply industry |
| title_auth | The long-term success of mergers and acquisitions in the international automotive supply industry |
| title_exact_search | The long-term success of mergers and acquisitions in the international automotive supply industry |
| title_full | The long-term success of mergers and acquisitions in the international automotive supply industry Jan-Peer Laabs. With a forew. by Dirk Schiereck |
| title_fullStr | The long-term success of mergers and acquisitions in the international automotive supply industry Jan-Peer Laabs. With a forew. by Dirk Schiereck |
| title_full_unstemmed | The long-term success of mergers and acquisitions in the international automotive supply industry Jan-Peer Laabs. With a forew. by Dirk Schiereck |
| title_short | The long-term success of mergers and acquisitions in the international automotive supply industry |
| title_sort | the long term success of mergers and acquisitions in the international automotive supply industry |
| topic | Kraftfahrzeugzulieferindustrie - Mergers and Acquisitions - Erfolgsfaktor Erfolgsfaktor (DE-588)4197034-2 gnd Kraftfahrzeugzulieferindustrie (DE-588)4260022-4 gnd Mergers and Acquisitions (DE-588)4205916-1 gnd |
| topic_facet | Kraftfahrzeugzulieferindustrie - Mergers and Acquisitions - Erfolgsfaktor Erfolgsfaktor Kraftfahrzeugzulieferindustrie Mergers and Acquisitions Hochschulschrift |
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