CROSS-BORDER MERGERS AND ACQUISITIONS – THE PAM&amp;A METHODOLOGY FACTOR SPECIFICATION

Hečková, Jaroslava; Frankovský, Miroslav; Birknerová, Zuzana; Chapčáková, Alexandra; Zbihlejová, Lucia

doi:10.17512/pjms.2018.18.2.09

Cited by 3 publications

(2 citation statements)

References 18 publications

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“…We agree with the opinions of [6] that, not surprisingly, for the past decades, a number of researchers have dealt with different factors-primarily, according to our opinion, the factors relating to the before-during-and-after merger and acquisition process [19][20][21][22][23][24][25][26][27][28][29][30][31][32][33][34], including our own research so far [12,35,36] affecting the sustainability of M&As.…”

Section: Literature Review and Hypothesessupporting

confidence: 67%

Cross-Border Mergers and Acquisitions as a Challenge for Sustainable Business

et al. 2019

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When considering the challenges for sustainable business, companies implementing cross-border reallocation of capital by means of mergers and acquisitions should take into account the context and evaluation of attributes of their future implementation. The main aim of the paper is, therefore, to identify and specify the key attributes of sustainable cross-border mergers or acquisitions (M&As) influencing the considerations about their future implementation. On the basis of the views of managers from 120 companies (international corporations selected from the Zephyr database) located in 45 countries within the European area that had previously been the subject of a cross-border merger or acquisition, significant attributes were extracted in connection with their experience from their implementation. These attributes are taken into account when considering the implementation of a cross-border merger or acquisition in the future. A factor analysis of the data obtained allowed the extraction of three key attributes of implementation of a potential merger and acquisition process as an important tool of business sustainability—aims, concerns, and reasons. This paper further presents the basic parameters of the Attributes of Future Mergers and Acquisitions (AFM&A) methodology: eigenvalues, Cronbach’s alpha values, the percentage of the variance explained, inter-correlations of the extracted factors, and the results of an analysis of differences in the assessment of the extracted factors by managers. At the same time, no statistically significant differences were found in the assessment of the extracted merger and acquisition assessment factors. The study fills in the research gap in the area by identifying and specifying the attributes of considering the future implementation of M&A management in terms of the broader concept of this issue.

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Section: Literature Review and Hypothesessupporting

confidence: 67%

Cross-Border Mergers and Acquisitions as a Challenge for Sustainable Business

et al. 2019

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“…Implementation and integration are the phases in which the formulated strategy and plans are implemented. The implementation phase is made up of a set of logically interconnected activities enabling the implementation of the considered strategy (more in Fotr et al, 2020;Hečková et al, 2018). Successful implementation depends on the necessary coordination and cooperation of competent management and executive elements of management and other stakeholders and includes a whole range of activities as a result of the negotiation starting from the publication of the preliminary agreement on the commercial parameters of the transaction, memoranda of understanding, exclusivity, protection of confidential information, the due diligence phase, ending by signing a complex contractual documentation and assessing the concentration by the competition authorities (Gavurova et al 2018(Gavurova et al , 2020.…”

Section: Theoretical Framework and Hypothesis Developmentmentioning

confidence: 99%

Design and verification of implementation factors of cross-border mergers and acquisitions projects

Hečková¹,

Birknerová²,

Chapčáková³

et al. 2022

JESI

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The aim of the contribution is to identify the implementation factors influencing the successfulness of cross-border mergers and acquisitions projects extracted on the basis of an analysis of the opinions of managers of 244 companies (international corporations) based in 45 countries of the European Economic Area, which were the subject of a cross-border merger or acquisition. Another objective is to verify the original methodology labeled as "M&A Project Implementation Factors -M&APIF". Factor analysis of the obtained data (Principal Component Analysis and Varimax Rotation methods were used) enabled extraction of three key implementation factors influencing the successfulness of M&A project implementation: Prerequisites for project implementation, Elimination of project implementation risks, Cooperation of partners within project implementation. The paper also presents the basic parameters of the M&APIF methodology, i.e. Eigenvalues, the percentage of explained variance, Cronbach's alpha of the extracted factors and inter-correlations of the extracted factors.

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Cross-border Mergers and Acquisitions in the Context of Perception of the Factors of Their Implementation in the Pre- and-Post-Merger-and-Acquisition Process

Hečková¹,

Frankovský²,

Birknerová³

et al. 2018

Politicka ekonomie

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Cross-border Mergers and Acquisitions in the Context of Perception of the Factors of Their Implementation in the Pre-and-Post-Merger-and-Acquisition ProcessThe paper aims at the issue of perception of the factors of implementation of the pre-and postmerger-and-acquisition process. The original methodologies aDM&A (ante-Determinants of Mergers and Acquisitions) and pDM&A (post-Determinants of Mergers and Acquisitions) were verified on the basis of an analysis of the views of managers from 120 companies. The factor analysis of the data obtained enabled extraction of the key factors of implementation of the pre-and post-merger-and-acquisition process. The paper also presents the basic parameters of the methodology aDM&A Eigenvalues and pDM&A Eigenvalues, the percentage of the variance explained, Cronbach's alpha, inter-correlations of the extracted factors, and the results of the analysis of differences in the assessment of the extracted factors by managers. The extracted factors were Synergy potential, Business environment, Investment benefit, and Financial management in the context of the pre-merger-and-acquisition process, and Unification strategy, Business management, Internal business environment, Business identity, and Strategic intent in the post-merger-and-acquisition process.

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CROSS-BORDER MERGERS AND ACQUISITIONS – THE PAM&A METHODOLOGY FACTOR SPECIFICATION

Cited by 3 publications

References 18 publications

Cross-Border Mergers and Acquisitions as a Challenge for Sustainable Business

Cross-Border Mergers and Acquisitions as a Challenge for Sustainable Business

Design and verification of implementation factors of cross-border mergers and acquisitions projects

Cross-border Mergers and Acquisitions in the Context of Perception of the Factors of Their Implementation in the Pre- and-Post-Merger-and-Acquisition Process

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