Acquisitions, spatial heterogeneity and economic impacts in Central European non-metro-politan regions
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11310%2F24%3A10486602" target="_blank" >RIV/00216208:11310/24:10486602 - isvavai.cz</a>
Result on the web
<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=HTOTqgXrK9" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=HTOTqgXrK9</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1080/09654313.2024.2340722" target="_blank" >10.1080/09654313.2024.2340722</a>
Alternative languages
Result language
angličtina
Original language name
Acquisitions, spatial heterogeneity and economic impacts in Central European non-metro-politan regions
Original language description
This paper aims to make a conceptual and empirical contribution to our understanding of the effects of extra-regional assets and knowledge inflow, through mergers and acquisitions (M&A), in different types of regions. We revealed that the M&A market is not geographically homogeneous, and regions differ in all aspects of the M&A market: relative position, local density and foreign attractiveness, the same as in the M&A intensity. This heterogeneity is not random but follows a spatial pattern and differences in economic fundamentals of regions, but at the same time, there is no linear relationship between economic performance and M&A performance. The regional M&A market characteristics can explain differences in the impacts of M&A transactions on the economy, especially in the exit rate of companies after acquisition and in the change of employment. The impacts of M&A on the regional economy generally do not differ by sector of the acquired company. However, some patterns show that the negative effects are more present after acquisitions of firms in tradeable sectors in the less developed regions, whereas in the stronger regions, the most vulnerable sectors belong to the part of the economy which offers mundane, but occasionally purchased (and thus substitutable) goods.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50701 - Cultural and economic geography
Result continuities
Project
<a href="/en/project/GA21-26655S" target="_blank" >GA21-26655S: The role of extra-regional knowledge and capital flows on regional industrial path development in different types of regions</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
European Planning Studies
ISSN
0965-4313
e-ISSN
1469-5944
Volume of the periodical
32
Issue of the periodical within the volume
7
Country of publishing house
GB - UNITED KINGDOM
Number of pages
21
Pages from-to
1632-1652
UT code for WoS article
001209511700001
EID of the result in the Scopus database
2-s2.0-85191887682