Entry mode choice: drivers of partial vs full acquisitions in international M&A

Detalhes bibliográficos
Autor(a) principal: Augusto, Alberto Assunção
Data de Publicação: 2019
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/68129
Resumo: The main goal of this thesis is to assess and identify the main drivers of entry mode choice in international M&A. Three main direct factors (Cultural distance; acquirer R&D intensity and industry relatedness) and one indirect (Previous Acquisition Experience as a moderator of the effect of cultural distance in full acquisition probability) were derived. By using a sample of 496 US-based deals from 1995 to 2018, findings suggest that cultural distance between the acquirer and target firms and R&D intensity of the acquirer are relevant to the decision between opting for a full acquisition or a partial one. Nevertheless, it was not possible to achieve significance regarding the industry relatedness effect and the moderator effect of previous experience.
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spelling Entry mode choice: drivers of partial vs full acquisitions in international M&AM&AEntry mode choiceFull acquisitionPartial acquisitionCultural distanceR&D intensityAcquisition experienceDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe main goal of this thesis is to assess and identify the main drivers of entry mode choice in international M&A. Three main direct factors (Cultural distance; acquirer R&D intensity and industry relatedness) and one indirect (Previous Acquisition Experience as a moderator of the effect of cultural distance in full acquisition probability) were derived. By using a sample of 496 US-based deals from 1995 to 2018, findings suggest that cultural distance between the acquirer and target firms and R&D intensity of the acquirer are relevant to the decision between opting for a full acquisition or a partial one. Nevertheless, it was not possible to achieve significance regarding the industry relatedness effect and the moderator effect of previous experience.Cuypers, YouthaRUNAugusto, Alberto Assunção2019-04-30T13:53:31Z2019-01-152019-01-15T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/68129TID:202223264enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:32:11Zoai:run.unl.pt:10362/68129Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:34:43.347166Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Entry mode choice: drivers of partial vs full acquisitions in international M&A
title Entry mode choice: drivers of partial vs full acquisitions in international M&A
spellingShingle Entry mode choice: drivers of partial vs full acquisitions in international M&A
Augusto, Alberto Assunção
M&A
Entry mode choice
Full acquisition
Partial acquisition
Cultural distance
R&D intensity
Acquisition experience
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Entry mode choice: drivers of partial vs full acquisitions in international M&A
title_full Entry mode choice: drivers of partial vs full acquisitions in international M&A
title_fullStr Entry mode choice: drivers of partial vs full acquisitions in international M&A
title_full_unstemmed Entry mode choice: drivers of partial vs full acquisitions in international M&A
title_sort Entry mode choice: drivers of partial vs full acquisitions in international M&A
author Augusto, Alberto Assunção
author_facet Augusto, Alberto Assunção
author_role author
dc.contributor.none.fl_str_mv Cuypers, Youtha
RUN
dc.contributor.author.fl_str_mv Augusto, Alberto Assunção
dc.subject.por.fl_str_mv M&A
Entry mode choice
Full acquisition
Partial acquisition
Cultural distance
R&D intensity
Acquisition experience
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic M&A
Entry mode choice
Full acquisition
Partial acquisition
Cultural distance
R&D intensity
Acquisition experience
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description The main goal of this thesis is to assess and identify the main drivers of entry mode choice in international M&A. Three main direct factors (Cultural distance; acquirer R&D intensity and industry relatedness) and one indirect (Previous Acquisition Experience as a moderator of the effect of cultural distance in full acquisition probability) were derived. By using a sample of 496 US-based deals from 1995 to 2018, findings suggest that cultural distance between the acquirer and target firms and R&D intensity of the acquirer are relevant to the decision between opting for a full acquisition or a partial one. Nevertheless, it was not possible to achieve significance regarding the industry relatedness effect and the moderator effect of previous experience.
publishDate 2019
dc.date.none.fl_str_mv 2019-04-30T13:53:31Z
2019-01-15
2019-01-15T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/68129
TID:202223264
url http://hdl.handle.net/10362/68129
identifier_str_mv TID:202223264
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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