Cross-border M&As in Related and Technology-intensive Industries: Evidence on the Dynamics of Spatial Distance, Industry Context, and Completion Likelihood of International Takeovers

Forskningsoutput: Kapitel i bok/rapport/Conference proceedingKapitel samlingsverk

Abstract

Many announced cross-border mergers and acquisitions (M&As) are never brought to completion despite potential negative consequences to acquirers and targets. This paper presented evidence on the dynamic effects of spatial distance and two industry-level characteristics, namely industry relatedness between the two firms and technological intensity, on the completion likelihood of cross-border M&A deals. Based on a sample of 8,489 M&A transactions we found that the completion likelihood of cross-border M&As increases with spatial distance. The effect is more pronounced for deals across technology-based industries, evidence for related deals is inconclusive.

Detaljer

Författare
Enheter & grupper
Externa organisationer
  • Vietnam National University
  • University of Groningen
Forskningsområden

Ämnesklassifikation (UKÄ) – OBLIGATORISK

  • Nationalekonomi
  • Företagsekonomi

Nyckelord

Originalspråkengelska
Titel på värdpublikationAdvances in Mergers and Acquisitions
RedaktörerSydney Finkelstein, Cary L. Cooper
UtgivningsortBingley, United Kingdom
FörlagEmerald Group Publishing Ltd.
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Sidor75-93
Antal sidor19
Volym17
Utgåva1
ISBN (elektroniskt)978-1-78756-135-9
ISBN (tryckt)978-1-78756-136-6
StatusPublished - 2018
PublikationskategoriForskning
Peer review utfördNej

Publikationsserier

NamnAdvances in Mergers and Acquisitions
FörlagEmerald Publishing Limited
ISSN (elektroniskt)1479-361X