Abstract
Mergers and acquisitions (M&As) are an increasingly popular strategy for achieving corporate growth and diversification. The worldwide value of deals increased from US$462 billion to over US$3.5 trillion during the 1990s. Although the USA is the largest M&A market, Europe and Asia have outpaced it in terms of growth rates. Between 1990 and 1999, the number of M&As in the USA recorded a 10 per cent compound annual growth rate, while Europe and Asia-Pacific recorded a higher growth rate, of 13 per cent and 27 per cent, respectively (Sirower and Hasson, 2000). Cross-border M&As, in particular, are becoming an increasingly popular alternative to greenfield investments or strategic alliances as a vehicle for internationalization. The number of cross-border deals more than quadrupled between 1997 and 2000, with the number of transactions increasing from 2,100 to 9,200 (Levy, 2001). According to a KPMG survey, out of all M&As executed yearly, the percentage of cross-border M&As increased from 26 per cent in 1997 to 41 per cent in 2000 (Levy, 2001).
| Original language | English (US) |
|---|---|
| Title of host publication | Trust and Antitrust in Asian Business Alliances: Historical Roots and Current Practices |
| Publisher | Palgrave Macmillan |
| Pages | 314-329 |
| Number of pages | 16 |
| ISBN (Electronic) | 9780230523579 |
| ISBN (Print) | 9781403916198 |
| DOIs | |
| State | Published - Jan 1 2003 |
| Externally published | Yes |
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ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- Business, Management and Accounting(all)
Cite this
A cross-cultural comparative study of German and singaporean employees’ trust decisions following a takeover : Implications for cross-border mergers and acquisitions. / Stahl, Günter K.; Hwee Chua, Chei.
Trust and Antitrust in Asian Business Alliances: Historical Roots and Current Practices. Palgrave Macmillan, 2003. p. 314-329.Research output: Chapter in Book/Report/Conference proceeding › Chapter
}
TY - CHAP
T1 - A cross-cultural comparative study of German and singaporean employees’ trust decisions following a takeover
T2 - Implications for cross-border mergers and acquisitions
AU - Stahl, Günter K.
AU - Hwee Chua, Chei
PY - 2003/1/1
Y1 - 2003/1/1
N2 - Mergers and acquisitions (M&As) are an increasingly popular strategy for achieving corporate growth and diversification. The worldwide value of deals increased from US$462 billion to over US$3.5 trillion during the 1990s. Although the USA is the largest M&A market, Europe and Asia have outpaced it in terms of growth rates. Between 1990 and 1999, the number of M&As in the USA recorded a 10 per cent compound annual growth rate, while Europe and Asia-Pacific recorded a higher growth rate, of 13 per cent and 27 per cent, respectively (Sirower and Hasson, 2000). Cross-border M&As, in particular, are becoming an increasingly popular alternative to greenfield investments or strategic alliances as a vehicle for internationalization. The number of cross-border deals more than quadrupled between 1997 and 2000, with the number of transactions increasing from 2,100 to 9,200 (Levy, 2001). According to a KPMG survey, out of all M&As executed yearly, the percentage of cross-border M&As increased from 26 per cent in 1997 to 41 per cent in 2000 (Levy, 2001).
AB - Mergers and acquisitions (M&As) are an increasingly popular strategy for achieving corporate growth and diversification. The worldwide value of deals increased from US$462 billion to over US$3.5 trillion during the 1990s. Although the USA is the largest M&A market, Europe and Asia have outpaced it in terms of growth rates. Between 1990 and 1999, the number of M&As in the USA recorded a 10 per cent compound annual growth rate, while Europe and Asia-Pacific recorded a higher growth rate, of 13 per cent and 27 per cent, respectively (Sirower and Hasson, 2000). Cross-border M&As, in particular, are becoming an increasingly popular alternative to greenfield investments or strategic alliances as a vehicle for internationalization. The number of cross-border deals more than quadrupled between 1997 and 2000, with the number of transactions increasing from 2,100 to 9,200 (Levy, 2001). According to a KPMG survey, out of all M&As executed yearly, the percentage of cross-border M&As increased from 26 per cent in 1997 to 41 per cent in 2000 (Levy, 2001).
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U2 - 10.1057/9780230523579_14
DO - 10.1057/9780230523579_14
M3 - Chapter
SN - 9781403916198
SP - 314
EP - 329
BT - Trust and Antitrust in Asian Business Alliances: Historical Roots and Current Practices
PB - Palgrave Macmillan
ER -