Sekundarni povzetek: |
Rising international capital flows and cross-border mergers and acquisitions have brought new opportunities for companies which participate in such transactions. On the other hand, as this causes structural changes in the economy, cross-border mergers and acquisitions represent also certain pressure on the economic policy in the receiving country. This pressure has risen in the last few years mainly because of two reasons, the first one being the entrance of cross-border mergers and acquisitions into the strategically important sectors and the second one being the increased role of foreign wealth funds in cross-border mergers and acquisitions, which can, in the case of big acquisitions, threaten economic goals of the individual receiving country.
Owing to the problem with data collection, the studies which research exclusively the consequences of inward cross-border mergers and acquisitions on the economy of the receiving country are quite rare. The studies which are related to the foreign direct investment and deal either with the analysis of macroeconomic and financial consequences of cross-border mergers and acquisitions or with the group of countries or sectors are, in contrast, more frequent. While the first group of studies comprises the analyses which are too broad to recognize the differences between individual groups of countries, the second ones are too narrow to recognize and state
stylized facts. As the latter enable the insight into what actually occurs in this field, they are very interesting for researchers and for real economic policy. Considering the influence of cross-border mergers and acquisitions on the economic goals also in developed countries, it is not surprising that, due to these processes, they are faced
with factors which were one decade ago characteristic mainly for transition countries. Since cross-border mergers and acquisitions change the ownership of the most important sectors and the ownership in sectors of big economic importance respectively, they have recently caused reactions of economic policy known as economic nationalism. ... |