| Value Creation Within the Construction Industry: A Study of Strategic Takeovers Contributor(s): Schiereck, Dirk (Editor), Vogt, Joachim (Author) |
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ISBN: 3631602510 ISBN-13: 9783631602515 Publisher: Peter Lang Gmbh, Internationaler Verlag Der W OUR PRICE: $51.25 Product Type: Hardcover - Other Formats Published: January 2011 |
| Additional Information |
| BISAC Categories: - Business & Economics | Corporate & Business History - General - Transportation - Business & Economics | Industries - Construction |
| Dewey: 338.83 |
| LCCN: 2011410162 |
| Series: Corporate Finance and Governance |
| Physical Information: 114 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Mergers & Acquisitions (M&A) are important strategic business options for corporations. Yet, the understanding of industry-specific drivers of M&A transactions is more than limited. Characterized by highly fragmented markets, cross-company production structures and increasing international business scope, the construction industry represents an attractive field of research to address questions on M&A motives. Based on comprehensively selected datasets and state-of-the-art empirical methods, the study illustrates the motives, the strategy and the effects of M&A transaction within the construction industry. Overall the analyzed M&A transactions tend to lead to an increase of corporate wealth. Important factors for a positive development comprise the peculiarities of the construction industry, the general market conditions and the nature of many takeovers. Still, the M&A transactions may also cause significant value destruction and may even lead to a failure of a company if an inappropriate strategy is applied. |