The Impact of Corporate Diversification Strategy through High Tech and Low Tech M&A on Acquirer Value: Evidence from Asia-Pacific Emerging Market

Student: Lupsanova Mariia

Educational Programme: Economics (Bachelor)

Year of Graduation: 2019

The paper aims to determine the impact of corporate diversification strategy through high tech and low tech M&A on acquirer value in Asia Pacific emerging markets. The study uses a sample of 402 completed M&A deals during 01/01/2000 to 01/01/2018 where acquirers are from Asia Pacific emerging markets. The results show that diversification through low tech M&A create more value for acquirering firms than diversification through high tech M&A in Asia Pacific emerging markets. Moreover, diversification through high tech M&A fully reverses positive effect from diversification to negative because of high tech industry specific characteristics.

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