Foreign acquisitions in Central and Eastern Europe: Outcomes of privatization in transitional economies
Academy of Management Journal, ISSN: 0001-4273, Vol: 43, Issue: 3, Page: 381-402
2000
- 163Citations
- 147Captures
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Article Description
This study of entry into Central and Eastern Europe via acquisition of privatized firms combines a traditional merger approach with consideration of host governments as critical stakeholders and the country-specific risks of foreign direct investment in formerly Communist countries. We analyzed survey data on 170 privatization acquisitions by Western firms. The results provide insights into critical managerial issues for acquisitions in transitional economies, especially the importance attached to fit between the merging firms, and indicate a need to reexamine some previous privatization research.
Bibliographic Details
Academy of Management
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