The Effects of Uncertainty on Horizontal, Vertical and Conglomerate Cross-border Acquisitions

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dc.contributor.advisor Casarin, Roberto it_IT
dc.contributor.author Kadiata, Sy <1992> it_IT
dc.date.accessioned 2018-06-19 it_IT
dc.date.accessioned 2018-12-03T06:23:45Z
dc.date.available 2018-12-03T06:23:45Z
dc.date.issued 2018-07-02 it_IT
dc.identifier.uri http://hdl.handle.net/10579/13441
dc.description.abstract The Effects of Uncertainty on Horizontal, Vertical and Conglomerate Cross-border Acquisitions it_IT
dc.language.iso en it_IT
dc.publisher Università Ca' Foscari Venezia it_IT
dc.rights © Sy Kadiata, 2018 it_IT
dc.title The Effects of Uncertainty on Horizontal, Vertical and Conglomerate Cross-border Acquisitions it_IT
dc.title.alternative The effects of uncertainty on horizontal, vertical and conglomerate cross-border acquisitions it_IT
dc.type Master's Degree Thesis it_IT
dc.degree.name Economia e finanza it_IT
dc.degree.level Laurea magistrale it_IT
dc.degree.grantor Dipartimento di Economia it_IT
dc.description.academicyear 2017/2018, sessione estiva it_IT
dc.rights.accessrights openAccess it_IT
dc.thesis.matricno 872114 it_IT
dc.subject.miur SECS-P/05 ECONOMETRIA it_IT
dc.description.note In this master thesis, fixed-effects and mixed-effects Poisson models are used to examine the factors drive strategies of the CBA deals. Based on a sample from 31 sources and 58 host countries over the period 1955-2010, the results indicate that cultural proximity has a positive and significant impact on the volume of CBAs deals. Geographic distance and corporate tax variables have negative and significant effects on the CBAs. Furthermore, market size has a positive and significant effect with horizontal motives for multinational integration. The skilled wage premium variable has a significant and positive effect on the vertical and conglomerate CBAs. Corruption variable is a determinant factor for the conglomerate strategies and has a negative impact on the operations of the conglomerate CBAs. Second, the relationship between uncertainty and the different strategies of CBAs has been studied, using the volatility index as a proxy of uncertainty. The results show that the rise in uncertainty variable decreases the volume of CBA deals. While the rise in the uncertainty variable causes the increase in the volume of the horizontal CBA deals. Third, this master thesis investigates the link between political risk and the volume of the CBA deals; using data from 31 sources and 18 host countries during the period 1996-2010. Six political risk variables (voice & accountability, political stability, and absence of violence, government effectiveness, regulatory quality, rule of law and prevention of corruption) have been used in the study. The results show that the increase in the political risks; “rule of law” in the host country increase the volume of CBA deals. While “regulatory quality” and “voice & accountability” cause the volume of CBA deals to decrease in the host country. it_IT
dc.degree.discipline it_IT
dc.contributor.co-advisor it_IT
dc.date.embargoend it_IT
dc.provenance.upload Sy Kadiata (872114@stud.unive.it), 2018-06-19 it_IT
dc.provenance.plagiarycheck Roberto Casarin (r.casarin@unive.it), 2018-07-02 it_IT


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