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

Abstract

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.

The impact of the external environment on transferring from linear to circular economy with the mediating role of knowledge assimilation

“…Thus, we can state that organizational abilities (including knowledge acquisition, assimilation, transformation and exploitation) are essential in changing company's business models and moving from a linear to a circular economy or developing new products (i.e., green innovation). Meanwhile, Heckova et al (2022) confirm that assimilation of knowledge is not an internal process and that it might be more effective if small and medium size companies are involved in industry networks. In addition, Xu et al (2021) find that the R&D investment in the resource recycling industry has not played an active intermediary role between government subsidies and corporate technological innovation performance.…”

Cross-border mergers and acquisitions in the context of economic-behavioral phenomena

“…The results of the research carried out by us to assess the existence of links between the key factors of the successful implementation of M&A projects and the perception of the importance of the aims and reasons for the implementation of cross-border mergers and acquisitions confirm that it is necessary to pay due attention to this issue. Factor analysis enabled Hečková et al (2022) to extract three key factors within the methodology "M&A Project Implementation Factors -M&APIF". These factors affect the success of the implementation of M&A projects.…”

“…The research was carried out using the original methodology by Hečková et al ( 2022) "M&A Project Implementation Factors -M&APIF". The questionnaire contains 22 items (more details in Hečková et al, 2022). The task of the managers was to assess the individual items of the questionnaire on a 4-point scale, where: 1unimportant, 2slightly important, 3important, 4very important.…”

“…Factor analysis of the obtained data (Principal Component Analysis and Varimax Rotation method were used) enabled the extraction of three key factors influencing the successfulness of M&A project implementation (Hečková et al, 2022):…”

Merger Control on Energy Markets (Case Studies: Vertical Consolidations in the Energy Sector, PGE/ENERGA, NORD STREAM II, ORLEN/LOTOS, ORLEN/PGNIG))

“…Mergers of companies are supervised by the authorities appropriate for competition protection so that there are no restrictions on competition, including obtaining a dominant position in the relevant markets (Gombar et al, 2022;Heckova et al, 2022).…”