Institutional Contexts and FDI Trends in European Emerging Economies

Since the onset of transition in 1900, mergers and acquisitions have become an important feature of business live in European emerging economies. Initially often related to the privatisation process, a multifaceted pattern of acquisition activity has evolved. Foreign investors acquire local resources, while adapting their strategies to the specific local context. This research investigates how mergers and acquisitions are adapted in the transition context, and how such adaptation influences corporate performance.

This study investigates these issues by combining a questionnaire survey with eleven case studies in Poland, Hungary and Lithuania. It ioncorporates the post-entry dynamics with respect to changes in control and research contributions,and thus develops a dynamic perspective of international acquisitions, and a refined typology.