Economic reasons of chinese merger and acquisition in germany: a takeover between Midea Group and KUKA AG
Fil: Liu, Liquin. University of Applied Sciences Hochschule Kaiserslautern. Faculty of Business Administration; Alemania.
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| Lenguaje: | English |
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2020
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| Acceso en línea: | https://hdl.handle.net/11185/5671 |
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oai:bibliotecavirtual.unl.edu.ar-handle:11185-56712022-03-21T17:32:44Z Economic reasons of chinese merger and acquisition in germany: a takeover between Midea Group and KUKA AG Razones económicas de las fusiones y adquisiciones chinas en Alemania: una adquisición entre Midea Group y KUKA AG Liu, Liqin Birkendorf, Ludger Birkendorf, Ludger Dutto, Martín Dutto, Martín Chinese oversea transactions Acquisition synergy Financing source Agency problem SWOT analysis Transacciones extranjeras chinas Sinergia de adquisiciones Fuente de financiación Problema de agencia Análisis DAFO Fil: Liu, Liquin. University of Applied Sciences Hochschule Kaiserslautern. Faculty of Business Administration; Alemania. Fil: Liu, Liqin. Universidad Nacional del Litoral. Facultad de Ciencias Económicas; Argentina. El propósito de esta investigación es explorar los impulsos de las transacciones internacionales realizadas entre adquirentes pertenecientes a economías en desarrollo y el objetivo de economía desarrollada. El aumento de los activos premium en Alemania se ha convertido en el objetivo de los adquirentes chinos desde 2010. El estudio se basa en la adquisición entre Midea Group (China) y KUKA AG (Alemania) para descubrir sinergias de fusiones y adquisiciones desde las perspectivas del objetivo y para explorar el papel del gobierno adquirente desempeñado en adquisiciones en el extranjero. Los informes financieros de las empresas, el análisis FODA y el modelo DuPont se utilizaron para obtener los resultados históricos y los potenciales futuros de las empresas. Se crearon y analizaron tres escenarios a través del estado contable proforma. Además, las estructuras accionarias tanto del adquirente como del objetivo se investigaron a partir de los estados financieros. El estudio encontró que los determinantes que influyen en las empresas premium de Alemania que aceptan la oferta pública de adquisición ofrecida por los adquirentes chinos incluyen consideraciones internas y elementos externos. Las transacciones extranjeras entre empresas chinas están impulsadas en gran medida por las políticas de los responsables políticos. The purpose of this assertation is to explore the drives of international transactions conducted between developing economy acquirer and developed economy target. Increasing premium assets in Germany have become the targets of the Chinese acquirers since 2010. The study is based upon the takeover between Midea Group (China) and KUKA AG (Germany) to discover M&A synergies from the perspectives of the target, and to explore the role of acquirer government played in oversea acquisitions. The companies’ financial reports, SWOT analysis, and the DuPont model were used to obtain companies’ historical performances and future potentials. Three scenarios were created and analyzed through pro forma accounting statement. Also, shareholding structures of both acquirer and target were investigated from financial statements. The study found determinants influencing Germany premium companies accepts takeover tender offered by Chinese acquirers include internal considerations, and external elements. Foreign transactions among Chinese companies are largely driven by politic makers’ policies. 2020-10-28T14:26:47Z info:eu-repo/date/embargoEnd/2022-10-27 2020-08-20 27/10/2022 info:eu-repo/semantics/masterThesis info:ar-repo/semantics/tesis de maestría info:eu-repo/semantics/acceptedVersion SNRD https://hdl.handle.net/11185/5671 eng Atribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0) info:eu-repo/semantics/embargoedAccess http://creativecommons.org/licenses/by-nc-nd/4.0/deed.es application/pdf |
| institution |
Universidad Nacional del Litoral |
| collection |
Biblioteca de tesis |
| language |
English |
| topic |
Chinese oversea transactions Acquisition synergy Financing source Agency problem SWOT analysis Transacciones extranjeras chinas Sinergia de adquisiciones Fuente de financiación Problema de agencia Análisis DAFO |
| spellingShingle |
Chinese oversea transactions Acquisition synergy Financing source Agency problem SWOT analysis Transacciones extranjeras chinas Sinergia de adquisiciones Fuente de financiación Problema de agencia Análisis DAFO Liu, Liqin Economic reasons of chinese merger and acquisition in germany: a takeover between Midea Group and KUKA AG |
| description |
Fil: Liu, Liquin. University of Applied Sciences Hochschule Kaiserslautern. Faculty of Business Administration; Alemania. |
| author2 |
Birkendorf, Ludger |
| author_facet |
Birkendorf, Ludger Liu, Liqin |
| format |
Thesis |
| author |
Liu, Liqin |
| author_sort |
Liu, Liqin |
| title |
Economic reasons of chinese merger and acquisition in germany: a takeover between Midea Group and KUKA AG |
| title_short |
Economic reasons of chinese merger and acquisition in germany: a takeover between Midea Group and KUKA AG |
| title_full |
Economic reasons of chinese merger and acquisition in germany: a takeover between Midea Group and KUKA AG |
| title_fullStr |
Economic reasons of chinese merger and acquisition in germany: a takeover between Midea Group and KUKA AG |
| title_full_unstemmed |
Economic reasons of chinese merger and acquisition in germany: a takeover between Midea Group and KUKA AG |
| title_sort |
economic reasons of chinese merger and acquisition in germany: a takeover between midea group and kuka ag |
| publishDate |
2020 |
| url |
https://hdl.handle.net/11185/5671 |
| _version_ |
1728547982722203648 |
| score |
11.8626 |