Akcije

Ekonomika poljoprivrede
kako citirati ovaj članak
podeli ovaj članak

Metrika

  • citati u SCIndeksu: [1]
  • citati u CrossRef-u:[2]
  • citati u Google Scholaru:[]
  • posete u poslednjih 30 dana:7
  • preuzimanja u poslednjih 30 dana:3

Sadržaj

članak: 1 od 1  
2020, vol. 67, br. 1, str. 25-36
Does sustainability matter in mergers and acquisitions?: The case of the Serbian food industry
(naslov ne postoji na srpskom)
Univerzitet u Nišu, Ekonomski fakultet

e-adresaksenijadm@gmail.com
Sažetak
(ne postoji na srpskom)
This paper investigated key areas in which environmental, social and governance issues may be important in M&A transactions, with a particular emphasis on the Serbian food industry. The analysis was conducted using a sample of 11 realized M&As in the Republic of Serbia with the food producers as target companies and is based on the data acquired from the targets' annual reports and Web sites. The analysed transactions, that have been randomly elected, belong to different legal types of M&A: acquisition of asset, acquisition of shares, tender offer and merger/consolidation. Following the classification of sustainability issues, two types of M&A in the Serbian food industry have been distinguished: one enables the acquirer to build the presence in the key segments with sustainability products in line with modern health trends, while the other helps the buyer to improve synergies and consolidate leadership position by acquiring target with a recognized sustainability profile and credibility.
Reference
*** (2013-2019) Law on Accounting. Official Gazette of the Republic of Serbia, No 62/2013, 30/2018, 73/2019 - other law
*** (2019) World Bank report: Country report Serbia. https://data.worldbank.org/country/serbia (June 5)
Bonny, S. (2017) Corporate concentration and technological change in the global seed industry. Sustainability, 9(9): 1632-1632
Caiazza, R., Volpe, T. (2015) M&A process: A literature review and research agenda. Business Process Management Journal, 21(1): 205-220
Clapp, J. (2018) Mega-mergers on the menu: Corporate concentration and the politics of sustainability in the global food system. Global Environmental Politics, 18(2): 12-33
Cooper, B. (2018) How sustainability is influencing M&A in the food industry. Aroq Ltd - Just-Food, https://www.just-food.com/analysis/how-sustainability-is-influencing-ma-in-the-food-industry_id137781.aspx (July 10, 2019)
Deloitte (2008) How green is the deal?: The growing role of sustainability in M&A. https://www2.deloitte.com/content/dam/Deloitte/il/Documents/risk/CCG/other_comittees/how_green_is_the_deal_deloitte_102408.pdf (June 15, 2018)
Denčič-Mihajlov, K., Spasić, D. (2018) Mergers and acquisition as competitive strategies in the digitalization era (Merdžeri i akvizicije kao konkurentske strategije u eri digitalizacije). u: Strategic management and decision support systems in strategic management, Subotica: Ekonomski fakultet, pp. 47-53
Denčić-Mihajlov, K., Stojanović-Blab, M. (2018) Sustainability reporting: Trends in regulation and challenges in implementation. u: Michalke A; Rambke M; Zeranski S. [ur.] Vernetztes Risiko und Nachhaltigkeitsmanagement - Erfolgreiche Navigation durch die Komplexität und Dynamik des Risikos, Wiesbaden: Springer Gabler, pp. 27-42
Denčić-Mihajlov, K., Zeranski, S. (2017) Development of sustainability indicators: Aproaches, challenges and opportun. Facta universitatis - series: Economics and Organization, vol. 14, br. 4, str. 291-306
Development Agency of Serbia (2017) Agriculture, food and beverages. https://ras.gov.rs/en/agriculture-food-and-beverages (September 2, 2019)
FoodDive (2015) Top 10 food and beverage industry trends: And why they matter. https://www.fooddive.com/news/top-10-food-and-beverage-industry-trends-and-why-they-matter/404484/ (August 1, 2019)
Hečková, J., Štefko, R., Frankovský, M., Birknerová, Z., Chapčáková, A., Zbihlejová, L. (2019) Cross-border mergers and acquisitions as a challenge for sustainable business. Sustainability, 11(11): 3130-3130
IMAA (2017) M&A statistics. https://imaa-institute.org (May 3, 2019)
Maloni, M.J., Brown, M.E. (2006) Corporate social responsibility in the supply chain: An application in the food industry. Journal of Business Ethics, 68(1): 35-52
Mannheimer Swartling (2017) Sustainability in M&A transactions. https://www.mannheimerswartling.se/en/news/in-focus/sustainability-in-ma-transactions/ (May 5, 2019)
Manocha, P., Srai, J., Kumar, M. (2016) Understanding the role of sustainability in mergers & acquisitions from the perspective of supply chain management: How green is the deal?. u: 20th Cambridge International Manufacturing Symposium, https://doi.org/10.17863/CAM.6150
Momčilović, M., Vlaović-Begović, S., Tomašević, S., Ercegovac, D. (2015) Sustainable growth rate: Evidence from agricultural and food enterprises. Management: Journal for Theory and Practice Management, vol. 20, br. 76, str. 63-75
Nacionalni zavod za statistiku (Statistical Office of the Republic of Serbia) (2019) Anketa o potrošnji domaćinstva (Household budget survey). Saopštenje br. 072 - god. LXIX, March 3
Price Waterhouse Coopers (2012) The integration of environmental, social and governance issues in mergers and acquisitions transactions. https://www.pwc.com/gx/en/sustainability/publications/assets/pwc-the-integration-of-environmental-social-and-governance-issues-in-mergers-and-acquisitions-transactions.pdf (April 3, 2019)
Saat, M., Himmelsbach, J. (2014) Sustainable merger and acquisition transactions: Important aspects as part of a process model especially for enterprises in the service market. International Journal of Business and Social Science, 5(1): 65-74
Schmidt-Riediger, B. (2008) Sustainability marketing in the German food processing industry. Munich, Germany: Technical University of Munich, Unpublished doctoral dissertation
Tadić, J., Jevtić, J., Jančev, N. (2019) Modeling of critical profitability factors: Empirical research from food industry in Serbia. Ekonomika poljoprivrede, vol. 66, br. 2, str. 411-422
Todorović, E., Denčić-Mihajlov, K. (2004) Akvizicija kao oblik stranih direktnih investicija u privredu Republike Srbije (Acquisition as a type of foreign direct investment in the Republic of Serbia). Ekonomika preduzeća (Economics of Enterprise), vol. 52, br. 3-4, str. 106-114
UNCTAD (2019) World investment report. http://unctad.org/en/PublicationsLibrary/wir2017_en.pdf (June 10)
World Economic Forum (2016) The global risks report. http://www3.weforum.org/docs/GRR/WEF_GRR16.pdf (April 3, 2019)
 

O članku

jezik rada: engleski
vrsta rada: izvorni naučni članak
DOI: 10.5937/ekoPolj2001025D
objavljen u SCIndeksu: 09.04.2020.
metod recenzije: dvostruko anoniman
Creative Commons License 4.0