Foreign acquisitions in Central and Eastern Europe: Outcomes of privatization in transitional economies

Klaus Uhlenbruck, Julio O. De Castro

Research output: Contribution to journalArticlepeer-review

Abstract

This study of entry into Central and Eastern Europe via acquisition of privatized firms combines a traditional merger approach with consideration of host governments as critical stakeholders and the country-specific risks of foreign direct investment in formerly Communist countries. We analyzed survey data on 170 privatization acquisitions by Western firms. The results provide insights into critical managerial issues for acquisitions in transitional economies, especially the importance attached to fit between the merging firms, and indicate a need to reexamine some previous privatization research.

Original languageEnglish
Pages (from-to)381-402
Number of pages22
JournalAcademy of Management Journal
Volume43
Issue number3
DOIs
StatePublished - Jun 2000

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