Acquisitions, spatial heterogeneity and economic impacts in Central European non-metro-politan regions
Identifikátory výsledku
Kód výsledku v 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>
Výsledek na webu
<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>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Acquisitions, spatial heterogeneity and economic impacts in Central European non-metro-politan regions
Popis výsledku v původním jazyce
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.
Název v anglickém jazyce
Acquisitions, spatial heterogeneity and economic impacts in Central European non-metro-politan regions
Popis výsledku anglicky
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.
Klasifikace
Druh
J<sub>imp</sub> - Článek v periodiku v databázi Web of Science
CEP obor
—
OECD FORD obor
50701 - Cultural and economic geography
Návaznosti výsledku
Projekt
<a href="/cs/project/GA21-26655S" target="_blank" >GA21-26655S: Role nadregionálních znalostí a kapitálu pro vývoj odvětví v různých typech regionů</a><br>
Návaznosti
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Ostatní
Rok uplatnění
2024
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
European Planning Studies
ISSN
0965-4313
e-ISSN
1469-5944
Svazek periodika
32
Číslo periodika v rámci svazku
7
Stát vydavatele periodika
GB - Spojené království Velké Británie a Severního Irska
Počet stran výsledku
21
Strana od-do
1632-1652
Kód UT WoS článku
001209511700001
EID výsledku v databázi Scopus
2-s2.0-85191887682