The global cross-border mergers and acquisitions network between 1990 and 2021

• Autorzy: Dominika Brózda-Wilamek
• Języki publikacji: EN

Abstrakty

EN

The literature is characterized by a lack of research analyzing cross-border mergers and acquisitions (CBM&A) as a network. This article aims to evaluate the topology properties (the geographical and sectoral structure) of the global CBM&A network in 1990-2021. A quantitative study is conducted by using the social network analysis (SNA) method. The countries' structural power in this global system is measured by the centrality indicators. From a geographical perspective, the study shows that in 1990-2021, the United States, the United Kingdom, Germany, Canada, and France occupied the most central place in the network. From the beginning of the 21st century, there has also been a marked increase in the importance of Asian countries, with China and India receiving a large inflow of foreign capital. In turn, entities from Hong Kong, Singapore, Japan, and China invested heavily abroad through M&A. The Asian countries' economies also played the role of important intermediaries in the global CBM&A network. From a sectoral perspective, it can be stated that in 1990-2021, mainly entities operated in the financial, industrial, basic materials, technology, and consumer cyclical sectors made transactions in the global CBM&A network. They were also the main investment targets within this network.(original abstract)

Słowa kluczowe

EN

Network analysis; Social Network Analysis (SNA); Mergers and acquisitions

PL

Analiza sieciowa; Analiza sieci społecznych; Fuzje i przejęcia

• Czasopismo: International Journal of Management and Economics
• Rocznik: 2023
• Tom: 59
• Numer: nr 4
• Strony: 333--348

Twórcy

autor

Dominika Brózda-Wilamek

• University of Lodz

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Identyfikatory

DOI

https://doi.org/10.2478/ijme-2023-0021