Skip to main content
SpringerLink
Log in

Strategic Deals in Emerging Capital Markets

Are There Efficiency Gains for Firms in BRIC Countries?

  • Book
  • © 2020

Overview

Editors:
  1. Irina Ivashkovskaya

    1. Higher School of Economics, National Research University, Moscow, Russia

    View editor publications

    You can also search for this editor in PubMed   Google Scholar

  2. Svetlana Grigorieva

    1. Higher School of Economics, National Research University, Moscow, Russia

    View editor publications

    You can also search for this editor in PubMed   Google Scholar

  3. Eugene Nivorozhkin

    1. School of Slavonic and East European Studies, University College London, London, UK

    View editor publications

    You can also search for this editor in PubMed   Google Scholar

  • Analyzes merger and acquisitions trends in emerging markets
  • Gives an overview over financial developments in the BRICS countries
  • Identifies determinants of success and failures

Part of the book series: Advanced Studies in Emerging Markets Finance (SEMF)

This is a preview of subscription content, log in via an institution to check access.

Access this book

Log in via an institution
eBook USD 139.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 179.00
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 179.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

Table of contents (11 chapters)

  1. Front Matter

    Pages i-xiv
    Download chapter PDF

  2. Strategic Deals and Value Creation: The Lessons from Previous Research

    1. Front Matter

      Pages 1-1
      Download chapter PDF

    2. M&As Trends in Emerging Capital Markets

      • Deng Junzhi, Rajesh Chakrabarti, Karla Motta Kiffer de Moraes, Luiz F. Autran M. Gomes, Irina Skvortsova
      Pages 3-31

    3. How M&A Deals Influence Corporate Performance in Developed and Emerging Capital Markets: A Review of Empirical Results in the Literature

      • Svetlana Grigorieva
      Pages 33-61

    4. Determinants of Cross-Border M&As and Shareholder Wealth Effects in a Globalized World

      • Eugene Nivorozhkin
      Pages 63-80

    5. Meta-analysis of M&As Studies in Emerging Markets

      • Anna Baranovskaya, Margarita Stemasova
      Pages 81-109

  3. Strategic Deals and Value Effects: New Empirical Evidence

    1. Front Matter

      Pages 111-111
      Download chapter PDF

    2. Post-acquisition Value Effects of M&A Deals: A Comparative Analysis in Developed and Emerging Capital Markets

      • Svetlana Grigorieva, Svetlana Kuzmina
      Pages 113-135

    3. What Drives the Control Premium? Evidence from BRIC Countries

      • Irina Ivashkovskaya, Elena Chvyrova
      Pages 137-160

    4. Success Factors in M&As of Knowledge-Intensive Firms in Brazil: Evidence from Consulting Engineering Companies

      • Karla Motta Kiffer de Moraes, Luiz F. Autran M. Gomes
      Pages 161-187

    5. Domestic M&As in Russia: Performance and Success Factors

      • Ivan Rodionov, Vitaly Mikhalchuk
      Pages 189-220

  4. Diversification Strategies via M&As: New Evidence from BRIC

    1. Front Matter

      Pages 221-221
      Download chapter PDF

    2. Corporate Diversification-Performance Puzzle in BRIC

      • Svetlana Grigorieva
      Pages 223-239

    3. Corporate International Diversification and Performance: An Economic Profit Viewpoint—Evidence from BRIC Companies

      • Irina Ivashkovskaya, Dmitry Shcherbakov, Pavel Yakovenko
      Pages 241-268

    4. Conclusion: M&As in Emerging Markets—The Lessons Learned

      • Eugene Nivorozhkin, Irina Ivashkovskaya
      Pages 269-273
Back to top

Keywords

About this book

The industrial development of emerging markets has been a powerful driver for mergers and acquisitions. The contributions collected in this book assess major M&A deals in the largest emerging capital markets (Brazil, Russia, India, China) and their role in shareholder value creation in the markets’ specific business environments. In addition, the book explores various dimensions of M&A deals in order to summarize the main trends in corporate control markets in the largest emerging countries, and how they differ from those in developed countries; to identify deal-performance relationships and the determinants of success or failure; to reveal the drivers for the premium in M&A deals; and to capture market responses to different M&A strategies. By doing so, the book makes a significant contribution to the literature, which has to date largely focused on developed markets.

Editors and Affiliations

  • Higher School of Economics, National Research University, Moscow, Russia

    Irina Ivashkovskaya, Svetlana Grigorieva

  • School of Slavonic and East European Studies, University College London, London, UK

    Eugene Nivorozhkin

About the editors

Irina Ivashkovskaya is Professor and the head of the School of finance at the HSE, Moscow, Russia. She has created and has been developing Corporate Finance Research Center since 2006 which became the leading institution in this field in Russia. Irina is also a co-founder and chief editor of the Russian leading leer-reviewed "Journal of corporate finance research" published by NRU HSE over 10 years. She holds Russian State award “Honorary professor of Russian Higher Education” and is a laureate of the special HSE award for the outstanding contribution to development of the University. She has published in leading Russian academic and professional journals, has more than half – dozen books in corporate finance and articles in international journals. She has also extensive experience of work for the World Bank institute.


Eugene Nivorozhkin is the Associate Professor in Finance at University College London. Prior to joining University College London, Dr Nivorozhkin worked as an Assistant Professor in Finance at the University of Groningen, University of Gothenburg. The University of Pennsylvania, the Copenhagen Business School, Uppsala University, the Bank of Finland's Institute for Economies in Transition (BOFIT), City University London, Brunel University, Jagiellonian University, Freie Universität Berlin, and Corvinus University of Budapest. Eugene has over 20 peer-review publications in international academic journals, actively provides commentary in mass media (e.g., Bloomberg News, BBC Radio, The Guardian), and engages in consulting services for public and private organizations in developed and emerging market economies.
His research interests span theoretical and empirical work in the areas of corporate finance, banking regulation, market for corporate control, and financial markets.


Svetlana Grigorieva is Associate Professor at School of Finance of HSE and Research fellow at Corporate Finance Center, where she is a head of the project devoted to M&A deals in developed and emerging capital markets. In the recent past Svetlana was an executive scientific secretary of Russian leading peer-reviewed Journal of Corporate Finance Research. Now she continues to cooperate with the Journal, preparing the reviews for submitted articles. Svetlana's professional interests are related to corporate finance, business valuation, M&A and restructuring. She teaches these courses for undergraduate and postgraduate students. Svetlana authored over 20 peer-reviewed publications in Russia and internationally. Her research interests refer to empirical work in corporate finance and M&A performance in developed and emerging capital markets. 


Bibliographic Information

  • Book Title: Strategic Deals in Emerging Capital Markets

  • Book Subtitle: Are There Efficiency Gains for Firms in BRIC Countries?

  • Editors: Irina Ivashkovskaya, Svetlana Grigorieva, Eugene Nivorozhkin

  • Series Title: Advanced Studies in Emerging Markets Finance

  • DOI: https://doi.org/10.1007/978-3-030-23850-6

  • Publisher: Springer Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: Springer Nature Switzerland AG 2020

  • Hardcover ISBN: 978-3-030-23849-0Published: 02 January 2020

  • Softcover ISBN: 978-3-030-23852-0Published: 26 August 2021

  • eBook ISBN: 978-3-030-23850-6Published: 09 December 2019

  • Series ISSN: 2662-4281

  • Series E-ISSN: 2662-429X

  • Edition Number: 1

  • Number of Pages: XIV, 273

  • Number of Illustrations: 5 b/w illustrations, 23 illustrations in colour

  • Topics: Corporate Finance, Emerging Markets/Globalization, Capital Markets, Business Finance

Publish with us

Policies and ethics

Back to top

Search

Navigation