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Der Erfolg von Mergers & Acquisitions mit afrikanischen Zielunternehmen

Autor:innen:
Verlag:
 2020

Zusammenfassung

Zu Mergers & Acquisitions mit Zielunternehmen in westlichen Industrieländern existiert eine Vielzahl wissenschaftlicher Untersuchungen. Dem zunehmenden Interesse an M&A mit afrikanischen Zielunternehmen steht jedoch ein Mangel an Untersuchungen zum Erfolg solcher M&A gegenüber. Daher wird in dieser Arbeit eine Literaturübersicht zu diesem Thema präsentiert. Im Anschluss wird mittels eines kapitalmarktbasierten Untersuchungsansatzes die Entwicklung des Werts von Käuferunternehmen untersucht, nachdem diese M&A mit afrikanischen Zielunternehmen angekündigt haben. Schließlich wird analysiert, wodurch die Abschlusswahrscheinlichkeit solcher M&A beeinflusst werden könnte.

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Bibliographische Angaben

Copyrightjahr
2020
ISBN-Print
978-3-8288-4492-6
ISBN-Online
978-3-8288-7527-2
Verlag
Tectum, Baden-Baden
Sprache
Deutsch
Seiten
176
Produkttyp
Monographie

Inhaltsverzeichnis

KapitelSeiten
  1. Titelei/Inhaltsverzeichnis Kein Zugriff I - XX
    1. 1.1 Problemstellung und Motivation Kein Zugriff
    2. 1.2 Gang der Untersuchung Kein Zugriff
      1. 2.1.1 Terminologie Kein Zugriff
      2. 2.1.2 Motive für M&A Kein Zugriff
      3. 2.1.3 Erfolgsmessung Kein Zugriff
      4. 2.1.4 Zum Erfolg von M&A im Allgemeinen Kein Zugriff
    2. 2.2 Bestandsaufnahme M&A in Afrika: deskriptive Statistik Kein Zugriff
      1. 2.3.1 Empirische Studien zu M&A im Finanzsektor Nigerias Kein Zugriff
      2. 2.3.2 Empirische Studien zu M&A im Finanzsektor afrikanischer Länder Kein Zugriff
      3. 2.3.3 Empirische Studien zu M&A in afrikanischen Ländern im Allgemeinen Kein Zugriff
    1. 3.1 Datenquelle und Datensatz Kein Zugriff
      1. 3.2.1 Ablauf der Ereignisstudie Kein Zugriff
      2. 3.2.2 Bestimmung abnormaler Renditen Kein Zugriff
      3. 3.2.3 Untersuchung abnormaler Renditen Kein Zugriff
        1. 3.2.4.1 Parametrischer Test Kein Zugriff
        2. 3.2.4.2 Nichtparametrische Tests Kein Zugriff
      1. 3.3.1 Buy-and-Hold-Abnormal-Return-Ansatz Kein Zugriff
      2. 3.3.2 Skewness Bias – Schiefeangepasster t-Test Kein Zugriff
      3. 3.3.3 Cross Correlation Bias – Calendar-Time-Portfolio-Methode Kein Zugriff
    4. 3.4 Regression CAR und BHAR Kein Zugriff
    5. 3.5 Logistische Regression Kein Zugriff
        1. 4.1.1.1 Deskriptive Statistik Südafrika Kein Zugriff
        2. 4.1.1.2 Ereignisstudie Südafrika Kein Zugriff
        3. 4.1.1.3 Diskussion der Ergebnisse-Ereignisstudie Südafrika Kein Zugriff
        1. 4.1.2.1 Deskriptive Statistik Nordafrika Kein Zugriff
        2. 4.1.2.2 Ereignisstudie Nordafrika Kein Zugriff
        3. 4.1.2.3 Diskussion der Ergebnisse-Ereignisstudie Nordafrika Kein Zugriff
        1. 4.1.3.1 Deskriptive Statistik subsaharisches Afrika Kein Zugriff
        2. 4.1.3.2 Ereignisstudie subsaharisches Afrika Kein Zugriff
        3. 4.1.3.3 Diskussion der Ergebnisse-Ereignisstudie subsaharisches Afrika Kein Zugriff
      4. 4.1.4 Exkurs I: Ergebnisse Ereignisstudie subsaharisches Afrika exkl. Mauritius Kein Zugriff
      5. 4.1.5 Exkurs II: Ergebnisse Ereignisstudie Ziel Banken Kein Zugriff
    2. 4.2 Erfolgsdeterminanten bei M&A Kein Zugriff
      1. 4.3.1 Ergebnisse Regression CAR Südafrika Kein Zugriff
      2. 4.3.2 Diskussion der Ergebnisse-Regression CAR Südafrika Kein Zugriff
      3. 4.3.3 Ergebnisse Regression CAR Nordafrika Kein Zugriff
      4. 4.3.4 Exkurs III: Ergebnisse Ziel Energieindustrie Nordafrika Kein Zugriff
      5. 4.3.5 Diskussion der Ergebnisse-Regression CAR Nordafrika Kein Zugriff
      6. 4.3.6 Ergebnisse Regression CAR subsaharisches Afrika Kein Zugriff
      7. 4.3.7 Exkurs IV: Ergebnisse Interaktionseffekte subsaharisches Afrika Kein Zugriff
      8. 4.3.8 Diskussion der Ergebnisse-Regression CAR subsaharisches Afrika Kein Zugriff
      1. 4.4.1 Ergebnisse lange Frist Südafrika Kein Zugriff
      2. 4.4.2 Diskussion der Ergebnisse-lange Frist Südafrika Kein Zugriff
      3. 4.4.3 Ergebnisse lange Frist Nordafrika Kein Zugriff
      4. 4.4.4 Diskussion der Ergebnisse-lange Frist Nordafrika Kein Zugriff
      5. 4.4.5 Ergebnisse lange Frist subsaharisches Afrika Kein Zugriff
      6. 4.4.6 Diskussion der Ergebnisse-lange Frist subsaharisches Afrika Kein Zugriff
      1. 4.5.1 Ergebnisse Regression BHAR Nordafrika Kein Zugriff
      2. 4.5.2 Exkurs V: Ergebnisse Ziel Energieindustrie Nordafrika (lange Frist) Kein Zugriff
      3. 4.5.3 Diskussion der Ergebnisse-Regression BHAR Nordafrika Kein Zugriff
      4. 4.5.4 Ergebnisse Regression BHAR subsaharisches Afrika Kein Zugriff
      5. 4.5.5 Diskussion der Ergebnisse-Regression BHAR subsaharisches Afrika Kein Zugriff
      1. 4.6.1 Determinanten des Zustandekommens von M&A Kein Zugriff
      2. 4.6.2 Ergebnisse logistische Regression Kein Zugriff
      3. 4.6.3 Diskussion der Ergebnisse-logistische Regression Kein Zugriff
  6. 5 Schluss Kein Zugriff 159 - 166
  7. 6 Literaturverzeichnis Kein Zugriff 167 - 176

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