Reference : Cross-border mergers and acquisitions: Evidence from the Indochina region
Scientific journals : Article
Business & economic sciences : Finance
Finance
http://hdl.handle.net/10993/31475
Cross-border mergers and acquisitions: Evidence from the Indochina region
English
Wolff, Christian mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Luxembourg School of Finance (LSF) >]
Ekkayokkaya, Manapol [Chulalongkorn University > Department of Banking and Finance]
9-Nov-2017
Finance Research Letters
23
253-256
Yes
International
[en] Foreign direct investment ; Colonial history ; South-East Asia
[en] We study cross-border mergers and acquisitions (M&As) in ten countries in the Indochina region during the period 1993–2015. Countries with a French colonial history showed markedly lower levels of cross-border M&As (value as well as volume) than other countries, whether previously colonized or not. This difference persists even after accounting for the known drivers of cross-border M&A activity, including legal origin, trade openness, and labor cost levels. Together, these findings suggest that the colonial past of a country plays an important role in cross-border M&A activity.
Researchers
http://hdl.handle.net/10993/31475
10.1016/j.frl.2017.06.009

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