How the legislation influenced the M&A transactions in Romania
We know that there is a close connection between the mergers and acquisitions and the legislation in every country. The M&A market is usually governed by commercial codes and other special laws in order to enhance business performances but maintaining proper competitive environments for improvin...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2015-03-01
|
| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/1078.pdf
|
| Summary: | We know that there is a close connection between the mergers and acquisitions
and the legislation in every country. The M&A market is usually governed by commercial
codes and other special laws in order to enhance business performances but maintaining
proper competitive environments for improving business performances.
The aim of this study is to analyze whether the M&A market in Romania was influenced in
time by the specific legislation that was regulated for this purpose. Our analyze will include
data for mergers and acquisitions between 2000 and 2014 and different types of mergers
and acquisition processes which happened both on the stock exchange market and on a
counter-to-counter basis.
We will also discuss about the political decision that had an effect on the M&A market in
Romania mainly in cases of privatisation processes. We will take into account the EU
accession when Romania had to align its legislation to the European one (The European
Community Merger Regulation Law) to see if this affected the M&As. |
|---|---|
| ISSN: | 1841-8678 1844-0029 |