Value Creation Within the Construction Industry: A Study of Strategic Takeovers (Corporate Finance and Governance #3) (Hardcover)

Value Creation Within the Construction Industry: A Study of Strategic Takeovers (Corporate Finance and Governance #3) By Dirk Schiereck (Editor), Joachim Vogt Cover Image

Value Creation Within the Construction Industry: A Study of Strategic Takeovers (Corporate Finance and Governance #3) (Hardcover)

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This is book number 3 in the Corporate Finance and Governance series.

Mergers & Acquisitions (M&A) are important strategic business options for corporations. Yet, the understanding of industry-specific drivers of M&A transactions is more than limited. Characterized by highly fragmented markets, cross-company production structures and increasing international business scope, the construction industry represents an attractive field of research to address questions on M&A motives. Based on comprehensively selected datasets and state-of-the-art empirical methods, the study illustrates the motives, the strategy and the effects of M&A transaction within the construction industry. Overall the analyzed M&A transactions tend to lead to an increase of corporate wealth. Important factors for a positive development comprise the peculiarities of the construction industry, the general market conditions and the nature of many takeovers. Still, the M&A transactions may also cause significant value destruction and may even lead to a failure of a company if an inappropriate strategy is applied.
Joachim Vogt received his doctorate in economic science at the European Business School in Oestrich-Winkel in Germany. Before his PhD program, he worked as a business professional for an international construction firm. In the course of his career, the author broadened his knowledge across several business areas in the construction industry, focussing on strategy and corporate development. He currently works as a consultant with a specialization in M&A transactions.
Product Details ISBN: 9783631602515
ISBN-10: 3631602510
Publisher: Peter Lang Gmbh, Internationaler Verlag Der W
Publication Date: January 13th, 2011
Pages: 114
Language: English
Series: Corporate Finance and Governance