at Google ScholarTitle data
Gogoll, Niklas ; Heinen, Nicolaus ; Schlieszus, Felix:
Fusionsberatung Made in Germany als Wettbewerbsvorteil : Relevanz und Perspektiven.
In: Wirtschaftsdienst.
Vol. 99
(2019)
Issue 9
.
- pp. 656-662.
ISSN 1613-978X
DOI: https://doi.org/10.1007/s10273-019-2507-8
Abstract in another language
Unternehmen lassen sich bei Fusionen und Übernahmen oft von Beratern begleiten. Die Auswertung einer Branchendatenbank zeigt, dass der Anteil einheimischer Fusionsberater an Fusionen in Deutschland in den letzten 15 Jahren stark gesunken ist. An ihre Stelle treten insbesondere Dienstleister aus den USA und Großbritannien. Die Abwanderung von Fusionsexpertise kann für eine international vernetzte Exportnation langfristig ein Wettbewerbsnachteil sein. Chancen bieten langfristig jedoch die Digitalisierung und die europäische Kapitalmarktunion.
Abstract in another language
German companies increasingly rely on the advice of foreign advisers in their M&A activities. This article confirms this anecdotical evidence with an empirical analysis of 28,457 observations from 2003 to 2018. While a significant part of the loss of relevance in German M&A advisory is structurally rooted, a permanent loss of domestic M&A expertise can soon turn into a locational disadvantage for Germany as a globally-oriented open economy. While any political intervention seems to be ineffective and counterproductive, the remaining local M&A advisers should seize upon the digital transition of professional services and the regulatory opportunities of the European Capital Markets Union.
Further data
| Item Type: | Article in a journal |
|---|---|
| Refereed: | No |
| Institutions of the University: | Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics V - Institutional Economics Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics V - Institutional Economics > Chair Economics V - Institutional Economics - Univ.-Prof. Dr. Martin Leschke Faculties Faculties > Faculty of Law, Business and Economics Faculties > Faculty of Law, Business and Economics > Department of Economics |
| Result of work at the UBT: | Yes |
| DDC Subjects: | 300 Social sciences > 330 Economics |
| Date Deposited: | 18 Sep 2019 11:23 |
| Last Modified: | 20 Sep 2022 08:03 |
| URI: | https://eref.uni-bayreuth.de/id/eprint/52257 |