Value creation through external growth strategy: the architecture of successful performance

VINOGRADOVA, Veronika

doi:10.1007/s11156-017-0690-5

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Article (Scientific journals)

Value creation through external growth strategy: the architecture of successful performance

VINOGRADOVA, Veronika

2018 • In Review of Quantitative Finance and Accounting, 51 (3), p. 847 - 882

Peer Reviewed verified by ORBi

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https://hdl.handle.net/10993/67872

DOI
10.1007/s11156-017-0690-5

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Keywords :

Corporate M&A; Growth strategy; Profitable growth; Shareholder value creation; Valuation; Finance; Corporate Governance

Abstract :

[en] This paper is concerned with profitable external growth and proposes an empirical model outlining the major determinants of its success. The results of analysis of the unique sample of strategic growth acquisitions completed from 2000 to 2010 suggest that the success of transaction is determined not only by external factors but also by the pre-event fundamental performance of participating companies. Taken together they present the performance measures for a profitable sustainable growth and encourage executives to “lead for value”.

Disciplines :

Finance

Author, co-author :

VINOGRADOVA, Veronika ; University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Department of Finance (DF) ; Freie Universität Berlin, Berlin, Germany

External co-authors :

Language :

English

Title :

Value creation through external growth strategy: the architecture of successful performance

Publication date :

October 2018

Journal title :

Review of Quantitative Finance and Accounting

ISSN :

0924-865X

eISSN :

1573-7179

Publisher :

Springer New York LLC

Volume :

Issue :

Pages :

847 - 882

Peer reviewed :

Peer Reviewed verified by ORBi

Additional URL :

http://link.springer.com/article/10.1007/s11156-017-0690-5/fulltext.html

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