Autori
Maggiore, GiulioMatarazzo, MichelaResciniti, RiccardoBarbaresco, GabrieleTitolo
Foreign acquisitions of Italian medium-sized companies from MNEs Periodico
SinergieAnno:
2015 - Volume:
33 - Fascicolo:
98 - Pagina iniziale:
47 - Pagina finale:
60Purpose of the paper: Italy is one of the most attractive European destinations for
FDI inflows worldwide. It has witnessed a rapid increase in mergers and acquisitions,
to the point of overcoming the EU 15 mean in the years 2008-2013 (with the exception
of 2012) (UNCTAD, 2014). The question of whether governments should foster foreign
take-overs is crucial, since the Italian economy has been traditionally founded on
“national champions”.
The purpose of the paper is to present a broader research project that aims at
investigating (at firms’ level) the performance differences of all the mid-sized foreign-controlled firms, compared with the non acquired firms in the manufacturing industry.
Methodology: the paper analyzes firms acquired in the period between 1999 and
2009 by using data from Mediobanca Research Department.
Findings: first results in terms of composition of the acquired mid-sized companies are shown.
Practical implications: the paper defines the different perspectives of analysis
describing the managerial effects of foreign acquisitions on the acquired firms, the
MNE acquirers, and the target country with respect to the industrial development, the
employment and the supply chains of the territory.
Originality of the paper: the study uses Mediobanca Research Department
database for the first time in order to investigate the topic of cross border acquisitions.
SICI: 0393-5108(2015)33:98<47:FAOIMC>2.0.ZU;2-8
Testo completo:
https://doi.org/10.7433/s98.2015.04Esportazione dati in Refworks (solo per utenti abilitati)
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