The European M&A Industry: A Market in the Process of Construction

Moschieri, Caterina; Campa, José Manuel

Publication:
The European M&A Industry: A Market in the Process of Construction

dc.contributor.author	Moschieri, Caterina
dc.contributor.author	Campa, José Manuel
dc.contributor.funder	ATKearney
dc.contributor.ror	https://ror.org/02jjdwm75
dc.date.accessioned	2024-11-26T15:27:57Z
dc.date.available	2024-11-26T15:27:57Z
dc.date.issued	2009-11
dc.description.abstract	In 2007, for the first time in recent history, the volume of mergers and acquisitions by European companies surpassed that of their U.S. counterparts. This paper provides a comprehensive overview of the trends and drivers of this surge in M&A activity in the European Union. It reviews the role of the European Commission in fostering a level playing field for takeover activity and the key characteristics of M&A deals in Europe. Despite evidence of significant progress toward the development of a homogeneous market for M&As, important differences still hold among European countries both in the rules and in the patterns that M&A activity takes. The analysis suggests that this dissimilarity between Europe and the U.S. is not solely linked to the existence of a harmonized market but rather arises from unique institutional characteristics ingrained in the corporate structure of companies, which differ among European countries. This raises questions about the generalizability of current research on North American M&As to the European context.
dc.description.peerreviewed	yes
dc.description.status	Published
dc.format	application/pdf
dc.identifier.citation	Moschieri, C., & Campa, J. M. (2009). The European M&A industry: A market in the process of construction. Academy of Management Perspectives, 23(4), 71-87.
dc.identifier.issn	1943-4529
dc.identifier.officialurl	https://journals.aom.org/journal/amp
dc.identifier.uri	https://hdl.handle.net/20.500.14417/3357
dc.issue.number	4
dc.journal.title	Academy of Management Perspectives (AMP)
dc.language.iso	en
dc.page.final	87
dc.page.initial	71
dc.page.total	16
dc.publisher	Academy of Management
dc.relation.department	Strategy
dc.relation.entity	IE University
dc.relation.school	IE Business School
dc.rights	Attribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.accessRights	info:eu-repo/semantics/openAccess
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subject.keyword	Markets
dc.subject.keyword	Industry
dc.title	The European M&A Industry: A Market in the Process of Construction
dc.type	info:eu-repo/semantics/article
dc.version.type	info:eu-repo/semantics/publishedVersion
dc.volume.number	23
dspace.entity.type	Publication
relation.isAuthorOfPublication	b3ca6f94-dc17-4397-a8c9-3b25280fafe8
relation.isAuthorOfPublication.latestForDiscovery	b3ca6f94-dc17-4397-a8c9-3b25280fafe8