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The development of economic corridors is becoming an important strategy for accelerating economic growth and integration in developing economies. Around these corridors economic regions are forming with trade barriers being lowered, with numerous investment opportunities emerging within these regions. Historically many of the countries in these regions have been overlooked by investors due to a lack of data, unfavourable business environments, lack of scale in their economies and perceived barriers that exist within these economies. But, due to the slow of growth and decline of many developed economies, there seems to be a mad scramble for companies to enter these fast growing economies of developing countries. What are these prospective investors currently basing their investment decisions on? This research study will aim to create a weighted scorecard for investment decision making not based on a country by country analysis but rather based on a regional analysis of countries within the different economic corridors that are developing throughout these economies. / Dissertation (MBA)--University of Pretoria, 2013. / pagibs2014 / Gordon Institute of Business Science (GIBS) / MBA / Unrestricted

This study investigates the causes and consequences of acquisitions primarily foreign acquisitions undertaken by UK publicly listed firms. Firm- and country-specific factors are found to influence the propensity to acquire and the location of the acquired subsidiary. Indicators of a firm's organisational experience, such as firm size, profitability, and its investment history, increase the probability that an acquisition (relative to no acquisition) is undertaken. Larger and more profitable firms are also more inclined to invest abroad (rather than at home), as are firms engaged in RandD activities. In choosing among foreign locations, an increase in country-specific uncertainty (proxied by exchange rate and stock market volatility) deters a firm from investing in that location. Likewise, at the firm level, uncertainty is found to discourage a firm from acquiring (relative to not acquiring), and to deter an acquirer from undertaking a foreign (relative to a domestic) acquisition. Based on changes in industry-adjusted profit levels, acquiring firms in general perform poorly after making large foreign acquisitions. However, examining profit variability reveals interestingly that firms more likely to experience a decline in profit levels are also more likely to enjoy a reduction in profit variability, and vice versa, which suggests that a risk-return tradeoff could be a consideration when acquisitions are undertaken. When acquisition performance is evaluated on the basis of a firm's share price response to its acquisition announcement, the event study shows no evidence of negative performance. Resolving this discrepancy between the two performance measures leads us to examine the reliability of the stock market as an indicator of acquisition outcomes. On the one hand the immediate stock market reaction has some ability to predict a firm's postacquisition performance, while on the other post-acquisition stock returns are shown to be not completely consistent with market efficiency.

by Ho Siu-hung, Horace. / Bibliography: leaves 50-55 / Thesis (M.B.A.)--Chinese University of Hong Kong, 1986