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FINANCIAL MARKET REACTIONS TO INTERNATIONAL MERGERS & ACQUISITIONS IN THE BREWING INDUSTRY: AN EVENT STUDY ANALYSIS AgEcon
Heyder, Matthias; Ebneth, Oliver; Theuvsen, Ludwig.
Cross-border acquisitions have been the growing trend in recent years in the world brewing industry, giving brewers the opportunity to enhance their degree of internationalization and market share remarkably. This study employs event study analysis to examine 31 mergers and acquisitions among leading European brewing groups. Differences regarding financial market reactions can be determined within the European peer group. Managerial implications as well as future research propositions conclude this paper.
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness.
Ano: 2008 URL: http://purl.umn.edu/7610
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Internationalization and Corporate Success - Empirical Evidence from the European Dairy Sector AgEcon
Ebneth, Oliver; Theuvsen, Ludwig.
Increasingly, cooperatives in the agribusiness are being confronted with the globalization of agri-food markets. Cooperatives adapt to this development by internationalizing their activities. This paper presents a method of measuring the degree of internationalization (DoI) and its application to European cooperatives in the dairy sector. Then, the financial performance of these cooperatives is measured by applying balance sheet analysis. The paper ends with a discussion of why German cooperatives are noticeably less internationalized and show weaker financial performance than their European competitors.
Tipo: Conference Paper or Presentation Palavras-chave: Globalization; Dairy industry; Cooperatives; Degree of internationalization; Corporate success; Agribusiness; Livestock Production/Industries.
Ano: 2005 URL: http://purl.umn.edu/24750
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