Theoretical and Applied Economics
No. 1 / 2015 (602), Spring
How the legislation influenced the M&A transactions in Romania
Bucharest University of Economic Studies, Romania
Abstract. 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.
Contents
The credit impact on the economic growth
Predicting balance of payments crises for some emerging economies
Creativity and innovation – Sources of competitive advantage in the value chain of tourism enterprises
How to escape the middle income trap: international evidence from a binary dependent variable model
Land value dynamics with endogenous human and physical capital accumulation
Environmental Kuznets curve. Evidence from Romania
Effects of economic crisis on the distribution of earnings from Romania
An approach of social policy in terms of macro-stabilisation function
Economy recovery risks which Romanian companies has to cope with
The measurement of fiscal behavior in some European countries: Panel data perspective
Romanian municipal bond market at Bucharest Stock Exchange: further investigations
Inequality and economic growth: theoretical and operational approach
Measuring financial development in India: A PCA approach
Welfare costs due to economic fluctuations according to different model setups
The role of rating agencies in international financial market
Socioeconomic development index ranking calculations of cities with fuzzy clustering method: case of Turkey
Fiscal transparency in the European Union
Epistemic transfers in economics from social sciences
Accelerating the development of learning organizations: Shifting paradigms from current practice to human performance improvement
Transferring business intelligence and big data analysis from corporations to governments as a hybrid leading indicator
The impact of cultural and educational accumulations on entrepreneurial behaviour. Main issues encountered in theoretical approaches
Models for evaluating financial crisis – what went wrong for developed and emerging economies?
Impact of financial crisis on the decision making process for insurance consumers
Beyond the implementation of a dynamic stochastic general equilibrium model
How the legislation influenced the M&A transactions in Romania