The Evolution of Transnational Mergers and Acquisitions

• Main Author: Voiculeţ Alina
• Format: Article
• Language: English
• Published: Ovidius University Press 2018-01-01
• Series: Ovidius University Annals: Economic Sciences Series
• Subjects: transnational corporation; acquisition; merger; globalization
• Online Access: http://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2018/08/10-1.pdf

The trasnational corporation tends to continuously spread its sphere of domination, both insideand outside the country of origin, in markets located in other countries. . Globalization and, especially, the integration of capital markes have accelerated since the1990s, the expansion of transnational corporations abroad. According to UNCTAD there havebeen two phases of this expansion: between 1993 and 1997 and between 2003 and 2010. Theseexpansions of transnational corporations activities have been interrupted by periods of economiccrisis. Although these two expansion phases were characterized by a large number of mergers andacquisitions, the reasoning behind the internationalization of transnational corporations haschanged: from searching for resources and efficiency, to strategic investments towards emergingmarkets.