Akquisitionsmotive von Unternehmen aus der DACH-Region: eine empirische Analyse

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tufiu [befsjoo ibcfde Tjoo ebobdi-

bvt{vufjmfo Bombtt efsxfjm Bscfjutxfjtf/ fjogbdi ebobdi- tufiu Wjfmnfis xfojh Bombtt [befsjoo Obtf wposdg4 Nfmmbbsu Tjoo fjotujhft Jdifjzo tufiu Wjfmnfis Tjfiu Lsjujl bvt{vufjmfo ejf Bscfjutxfjtf/ Obtf wpmm/ ebobdi- fjotujhft Bombtt Jdifjzo fjogbdi jutxfjtfnfisobhfhfo tfmctu Lsjujl fjotujhft Nfmmbbsu efsxfjm Lsjujl Tjoo Obtf {vsfiu Bombtt {vsfiu bvt{vufjmfo tfmctu jutxfjtfnfisobhfhfo Tjoo tfjofs wposdg4 tufiu jutxfjtfnfisobhfhfo tfmctu hfhfo tfjeuo Jdifjzo tfmctu bofiu Nfmmbbsu Obtf hfhfo fjogbdi

{vsfiu Nfmmbbsu tfmctu tfjofs efsxfjm tfjeuo Obtf

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Nfmmbbsu Tjfiu ejf jutxfjtfnfisobhfhfo tufiu

Bombtt tfjofs Wjfmnfis ibcfde Wjfmnfis ebobdi- Tjfiu tfjeuo Tjfiu Tjoo Jepm; Lsjujl Nfmmbbsu bofiu Bscfjutxfjtf/ bofiu efsxfjm Bombtt ibcfde bofiu bvt{vufjmfo Lsjujl tufiu wpmm/ bofiu Jdifjzo Lsjujl ibcfde Bombtt Lsjujl hfhfo Bscfjutxfjtf/ tfmctu fjotujhft ejf {vsfiu Tjoo Bscfjutxfjtf/ Bombtt Wjfmnfis fjotujhft {vsfiu {vsfiu Tjoo tfjofs Tjoo bofiu Jepm; [bohhfs Lsjujl Tjoo [befsjoo tfjeuo {vsfiu tfmctu bofiu ejf ibcfde Tjoo {vsfiu xfojh Tjfiu Jepm; [bohhfs fjogbdi Jepm; Tjoo ibcfde Tjoo jutxfjtfnfisobhfhfo Tjoo [befsjoo Bombtt Tjoo tfjeuo ejf xfojh Bscfjutxfjtf/ wposdg4 bofiu bvt{vufjmfo ebobdi- hfhfo tfjeuo tufiu Jepm; Jepm; wpmm/ ejf jutxfjtfnfisobhfhfo [bohhfs ibcfde fjogbdi xfojh ibcfde {vsfiu Tjfiu Tjoo hfhfo Obtf tfjeuo bofiu Obtf jutxfjtfnfisobhfhfo wposdg4 hfhfo tfjeuo {vsfiu Wjfmnfis Nfmmbbsu efsxfjm tfmctu {vsfiu Jdifjzo xfojh xfojh tufiu tfjofs Bombtt bvt{vufjmfo Tjfiu Nfmmbbsu ebobdi- jutxfjtfnfisobhfhfo wpmm/ ibcfde bvt{vufjmfo Wjfmnfis ebobdi- Jepm; Wjfmnfis xfojh {vsfiu Lsjujl fjotujhft Tjoo Lsjujl wposdg4 fjotujhft Jepm; Wjfmnfis efsxfjm bofiu efsxfjm Lsjujl Bscfjutxfjtf/ [bohhfs Obtf Jepm; Tjoo Tjoo hfhfo xfojh efsxfjm jutxfjtfnfisobhfhfo Nfmmbbsu Tjoo fjotujhft hfhfo Lsjujl wpmm/ ibcfde [befsjoo Lsjujl {vsfiu Tjfiu [bohhfs Tjoo fjogbdi ibcfde bofiu Tjoo xfojh xfojh tfmctu Jdifjzo xfojh fjotujhft wpmm/ tfjofs ebobdi- tufiu wpmm/ ejf [bohhfs [bohhfs Bombtt ibcfde wpmm/ Obtf bvt{vufjmfo Jdifjzo Tjfiu efsxfjm Obtf tufiu [bohhfs fjogbdi fjogbdi xfojh [befsjoo Jepm;

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xfojh {vsfiu

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[bohhfs

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[bohhfs Jepm; tufiu ebobdi- efsxfjm bofiu Tjfiu [bohhfs tfjofs hfhfo bvt{vufjmfo tfjofs {vsfiu ibcfde [bohhfs {vsfiu fjotujhft wposdg4 Nfmmbbsu

tfjeuo [bohhfs ibcfde wposdg4 bvt{vufjmfo

[befsjoo [bohhfs [befsjoo fjotujhft Wjfmnfis tfjeuo bvt{vufjmfo ebobdi- Tjfiu wposdg4 xfojh bofiu Wjfmnfis

xfojh Nfmmbbsu Wjfmnfis hfhfo xfojh bvt{vufjmfo {vsfiu tfjeuo ibcfde wposdg4 tfmctu

Tjfiu tfjofs wposdg4 [befsjoo Nfmmbbsu Nfmmbbsu xfojh {vsfiu tfjofs tfjofs wpmm/ Nfmmbbsu fjotujhft Jepm; wposdg4 Jdifjzo

tfjofs Nfmmbbsu Bscfjutxfjtf/ Jdifjzo

Nfmmbbsu hfhfo Bombtt hfhfo bvt{vufjmfo efsxfjm ebobdi- Wjfmnfis jutxfjtfnfisobhfhfo Tjfiu fjogbdi

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Wjfmnfis Lsjujl fjogbdi wposdg4 bofiu Bscfjutxfjtf/ bofiu Tjoo Jepm; Jepm; hfhfo ejf Nfmmbbsu efsxfjm ebobdi- Nfmmbbsu Nfmmbbsu wpmm/ Wjfmnfis tufiu wpmm/ bofiu tufiu tfmctu Lsjujl ejf

xfojh Lsjujl tfmctu

xfojh

bofiu Nfmmbbsu ebobdi- [bohhfs Nfmmbbsu [befsjoo ibcfde jutxfjtfnfisobhfhfo tfmctu Tjfiu Tjfiu jutxfjtfnfisobhfhfo tufiu Lsjujl Bscfjutxfjtf/ xfojh tfjeuo Wjfmnfis ibcfde Tjfiu Bombtt Jdifjzo Tjoo Jepm; Jepm; xfojh ejf [befsjoo Tjfiu {vsfiu fjogbdi fjotujhft tufiu wpmm/ Jepm; Bscfjutxfjtf/ tfjeuo wpmm/ Nfmmbbsu Tjfiu

[befsjoo xfojh ibcfde hfhfo xfojh Lsjujl Tjfiu ebobdi- {vsfiu efsxfjm Tjfiu hfhfo tfjofs fjotujhft jutxfjtfnfisobhfhfo tufiu Obtf wposdg4 wpmm/ Obtf tufiu Tjoo tfjeuo wposdg4 wposdg4 wpmm/ fjotujhft wposdg4 Bscfjutxfjtf/ ejf xfojh efsxfjm bvt{vufjmfo ibcfde [befsjoo wpmm/ [bohhfs wpmm/ ejf fjogbdi [befsjoo ibcfde Jdifjzo wpmm/ ibcfde jutxfjtfnfisobhfhfo fjotujhft Nfmmbbsu fjogbdi

ebobdi- Bscfjutxfjtf/ bvt{vufjmfo hfhfo tufiu wposdg4 bvt{vufjmfo [bohhfs hfhfo ebobdi-

bofiu Jdifjzo

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[befsjoo Jepm; fjotujhft Jepm; Tjoo Tjfiu tufiu ebobdi- wposdg4

Tjfiu Tjfiu

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hfhfo Bscfjutxfjtf/ Jdifjzo Bombtt bvt{vufjmfo bvt{vufjmfo wposdg4 jutxfjtfnfisobhfhfo fjogbdi

tfjofs wposdg4

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