Business restructuring in Asia : cross-border M&As in the crisis period
Author(s)
Bibliographic Information
Business restructuring in Asia : cross-border M&As in the crisis period
（Asia business development series）
Copenhagen Business School Press : Handelshøjskolens Forlag, c2001
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Note
Bibliography: p. [91]-93
Description and Table of Contents
Description
What has become of the five countries most severely devastated by the East Asian financial crisis of the late 1990s - Indonesia, the Republic of Korea, Malaysia, the Philippines and Thailand? How have the foreign takeovers fared, the cross-border M&As that followed the crisis? Is the process of corporate and industrial restructuring in the region now complete, or is it still unfolding? These are the key questions raised in this book, which will be of especial interest to policymakers and international executives, and to scholars and researchers in economics, international business, global finance and political economy. The text asks whether the post-crisis acquisitions amounted to a "fire sale" of valuable Asian assets. If so, was there truly no other solution? Zhan and Ozawa discuss whether the role of M&A "vulture funds" in crises of this kind is good, bad, or just an inevitable function of free capital markets. The authors' own conclusion is that cross-border M&As can be highly effective in reforming corporate governance within a stricken economic region, by bringing new corporate assets and business practices not available domestically.
If their costs can be minimized and their benefits to the region maximized, then such M&As may be a necessary evil and are perhaps even a good thing for these crisis-hit Asian economies. This penetrating study was prepared as background research for UNCTAD's World Investment Report 2000.
Table of Contents
- Cross-border M&As during the financial crisis
- the impact of cross-border M&As during the financial crisis
- policy implications
- concluding remarks. Appendix 1 Largest cross-border M&A deals in 5 crisis-hit economies. Appendix 2 Laws and regulations related to M&As in the crisis-hit countries. Appendix 3 Post-crisis policy reforms in crisis-hit countries. Appendix 4 Survey of the largest M&As - sample questionnaire.
by "Nielsen BookData"