New Patterns of Industrial Globalisation [electronic resource]: Cross-border Mergers and Acquisitions and Strategic Alliances /
Kang, Nam-Hoon.
Organisation for Economic Co-operation and Development.
Organisation for Economic Co-operation and DevelopmentContent Provider
Organisation for Economic Co operation and DevelopmentContent Provider
Sakai, Kentaro.
Paris : OECD Publishing,
2001.
New patterns of globalisation are accelerating the internationalisation of industry and reshaping industrial structure at the global level. Rapidly growing cross-border mergers and acquisitions (M&As) and strategic alliances are distinctive features of globalisation in the current era. They have become common paths to internationalising business operations, research and markets, together with traditional forms of trade and investment. An overwhelming share of foreign direct investment (FDI) is now in the form of M&As rather than greenfield investment, as firms shelve earlier diversification and expansion strategies and focus on core competencies. Strategic alliances are also a powerful mechanism for industrial restructuring on a global basis. This book presents the latest trends and drivers of globalisation in major OECD countries and their implications for industrial performance and government policies. It analyses regional as well as sectoral trends, including in telecommunications, automobiles, steel, pharmaceuticals, airlines and financial services. Growing alliances for business-to-business (B2B) and business-to-consumer (B2C) electronic commerce, and globalisation of small and medium-sized enterprises (SMEs) are assessed. A Statistical Annex presents data through 2000.
""Foreword""; ""Table of contents""; ""Highlights""; ""Chapter 1. Overview of Recent Trends""; ""Introduction""; ""Box 1.1.  Modes of industrial globalisation""; ""Mergers and acquisitions""; ""Overall trends""; ""Figure 1.1.  Trend in cross-border M&As""; ""Figure 1.2.  Large-scale cross-border M&As""; ""Box 1.2.  The mega-merger between VodafoneAirTouch and Mannesmann""; ""Table 1.1.  Top 20 cross-border M&As, 1998-2000""; ""Figure 1.3.  Cross-border M&As, by sector""; ""Figure 1.4.  Cross-border M&As, by sector""; ""Box 1.3.  Cross-border M&As and FDI statistics""
""Figure 1.5.  Cross-border M&As and FDI inflows""""Types of cross-border M&As""; ""Figure 1.6.  M&As worldwide""; ""Figure 1.7.  M&As worldwide""; ""Figure 1.8.  Cross-border M&As, by transaction mode""; ""Figure 1.9.  Cross-border M&As, by transaction mode""; ""Figure 1.10.  Share of related M&As in cross-border M&As""; ""Figure 1.11.  Share of friendly M&As in cross-border M&As""; ""Figure 1.12.  Share of majority M&As in cross-border M&As""; ""Figure 1.13.  Share of stock swaps in cross-border M&As""; ""Strategic alliances""; ""Overall trends""
""Figure 1.14.  Cross-border and domestic strategic alliances""""Figure 1.15.  Cross-border strategic alliances, by sector""; ""Box 1.4.  Equity and non-equity alliances""; ""Figure 1.16.  Cross-border strategic alliances, by type""; ""Purposes of strategic alliances""; ""Figure 1.17.  Share of cross-border alliances in total, by type""; ""Figure 1.18.  Cross-border strategic alliances, by purpose""; ""Figure 1.19.  Share of cross-border alliances in total, by purpose""; ""Electronic alliances""; ""Figure 1.20.  Share of joint ventures in cross-border alliances""
""Table 1.2.  B2B on-line exchanges in selected sectors""""Figure 1.21.  Finance: cross-border alliances with IT firms, by objective""; ""Chapter 2. Drivers of Industrial Globalisation""; ""Introduction""; ""Choice of globalisation mode""; ""M&As vs. greenfield investment""; ""M&As vs. strategic alliances""; ""Driving forces""; ""Box 2.1.  The merger of Daimler-Benz and Chrysler""; ""Figure 2.1.  International alliances and foreign production""; ""Technology factors""; ""Box 2.2.  Cross-border patenting""; ""Government factors""; ""Box 2.3.  New trends in French M&As""
""Chapter 3. Regional Trends""""Overview: mergers and acquisitions""; ""Figure 3.1.  Inward M&As, by region""; ""Figure 3.2.  Outward M&As, by region""; ""Table 3.1.  Inward M&As, by region and country""; ""Outward M&As""; ""Table 3.2.  Ratio of inward M&As to FDI inflows""; ""Table 3.3.  Outward M&As, by region and country""; ""Table 3.4.  Ratio of outward M&As to FDI outflows""; ""Overview: strategic alliances""; ""Figure 3.3.  Cross-border strategic alliances, by region""; ""Table 3.5.  Regional distribution of alliances partners, 1990-99""
""Figure 3.4.  Strategic alliances in OECD countries, 1990-99""
Prepared by Nam-Hoon Kang and Kentaro Sakai.
Includes bibliographical references (pages 176-178).
New patterns of globalisation are accelerating the internationalisation of industry and reshaping industrial structure at the global level. Rapidly growing cross-border mergers and acquisitions (M&As) and strategic alliances are distinctive features of globalisation in the current era. They have become common paths to internationalising business operations, research and markets, together with traditional forms of trade and investment. An overwhelming share of foreign direct investment (FDI) is now in the form of M&As rather than greenfield investment, as firms shelve earlier diversification and expansion strategies and focus on core competencies. Strategic alliances are also a powerful mechanism for industrial restructuring on a global basis. This book presents the latest trends and drivers of globalisation in major OECD countries and their implications for industrial performance and government policies. It analyses regional as well as sectoral trends, including in telecommunications, automobiles, steel, pharmaceuticals, airlines and financial services. Growing alliances for business-to-business (B2B) and business-to-consumer (B2C) electronic commerce, and globalisation of small and medium-sized enterprises (SMEs) are assessed. A Statistical Annex presents data through 2000.
Consolidation and merger of corporations.
Industrialization.
International business enterprises.
Service industries.
Strategic alliances (Business)
Globalization