The industrial development of emerging markets has been a powerful driver for mergers and acquisitions. The contributions collected in this book assess major M&A deals in the largest emerging capital markets (Brazil, Russia, India, China) and their role in shareholder value creation in the markets' specific business environments. In addition, the book explores various dimensions of M&A deals in order to summarize the main trends in corporate control markets in the largest emerging countries, and how they differ from those in developed countries; to identify deal-performance relationships and the determinants of success or failure; to reveal the drivers for the premium in M&A deals; and to capture market responses to different M&A strategies. By doing so, the book makes a significant contribution to the literature, which has to date largely focused on developed markets.

Part I: Strategic Deals and Value Creation: The Lessons from Previous Research

M&As Trends in Emerging Capital Markets
How M&A Deals Influence Corporate Performance in Developed and Emerging Capital Markets: A Review of Empirical Results in the Literature
Determinants of Cross-Border M&As and Shareholder Wealth Effects in a Globalized World
Meta-analysis of M&As Studies in Emerging Markets
Part II: Strategic Deals and Value Effects: New Empirical Evidence
Post-acquisition Value Effects of M&A Deals: A Comparative Analysis in Developed and Emerging Capital Markets
What Drives the Control Premium? Evidence from BRIC Countries
Success Factors in M&As of Knowledge-Intensive Firms in Brazil: Evidence from Consulting Engineering Companies
Domestic M&As in Russia: Performance and Success Factors
Part III: Diversification Strategies via M&As: New Evidence from BRIC
Corporate Diversification-Performance Puzzle in BRIC
Corporate International Diversification andPerformance: An Economic Profit Viewpoint-Evidence from BRIC Companies
Conclusion: M&As in Emerging Markets-The Lessons Learned.