Value Creation within the Construction Industry: a Study of Strategic Takeovers
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Bibliographische Detailangaben
1. Verfasser: Vogt, Joachim (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Frankfurt Lang, Peter, Internationaler Verlag der Wissenschaften 2011
Schriftenreihe:Corporate finance and governance Bd. 3
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Beschreibung:Table of Contents; List of Tables XIII; List of Figures XV; List of Abbreviations XVII; List of Symbols XIX; 1 Introduction 1; 1.1 Research Overview and Objectives 1; 1.2 Study One: Objectives and Main Findings 3; 1.3 Study Two: Objectives and Main Findings 4; 1.4 Study Three: Objectives and Main Findings 6; 2 Consolidation, Value Chain Extension and Outside Industry Investors -- Value-Generating M & A Strategies in the Construction Industry 7; 2.1 Introduction 8; 2.2 Related Literatures 11; 2.3 Data and Methodology 13; 2.3.1 Data and Sample Selection 13; 2.3.2 Methodology 15
2.4 Empirical Results 162.4.1 Overall Sample Analysis 16; 2.4.2 Strategic Focuses of Takeovers 19; 2.4.3 Domestic and International Takeovers 24; 2.4.4 M & A Across Decades 29; 2.5 Success Parameters of Takeovers 31; 2.6 Conclusion 34; 3 Strategic Bidders and Long-Run M & A Success Beyond Monopolistic Power 37; 3.1 Introduction 38; 3.2 Data and Methodology 42; 3.2.1 Data 42; 3.2.2 Methodology 44; 3.3 Empirical Results 46; 3.3.1 Overall Sample Analysis 46; 3.3.2 Strategic Focuses of Takeovers by Construction Firms 48; 3.3.3 Detailed Analysis of Takeovers of Non-Construction Firms 51
3.3.4 Domestic and International Takeovers 543.4 Success Parameters of Takeovers 59; 3.5 Conclusion 63; 4 The Deteriorating Wealth Effect of National Acquisitions in Fragmented and Declining Markets 67; 4.1 Introduction 68; 4.2 Acquirer and Targets 72; 4.2.1 The Acquirer Walter Bau 72; 4.2.2 Target 1: Concrete Construction Group 79; 4.2.3 Target 2: Heilit Wörner 79; 4.2.4 Target 3: DYWIDAG 80; 4.2.5 Target 4: Züblin 81; 4.3 Methodology 83; 4.3.1 Methodology for the Short-Term Analysis 83; 4.3.2 Methodology for the Long-Term Analysis 84; 4.4 Analysis of the M & A strategy of Walter Bau 84
4.4.1 The Acquisition of Concrete Construction Group 864.4.2 The Acquisition of Heilit Wörner 88; 4.4.3 The Acquisition of DYWIDAG 90; 4.4.4 The Acquisition Attempt of Züblin 93; 4.5 Conclusion 95; 5 Conclusion 97; Reference List 99
Includes bibliographical references
Beschreibung:1 Online-Ressource (138 pages)
ISBN:9783653005738
3653005736
3631602510
9783631602515

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