Cross-border mergers and acquisitions: evidence from 10 developed countries / Nur Syazana Mohd Nasir ... [et al.]
This study attempts to explore the role of financial development on cross-border mergers and acquisitions (M&As) in 10 developed countries. Based on the sample period of 12 years (2000 - 2011), the data are analyzed by using dynamic panel data GMM estimator. Interestingly, we find that cross-bor...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Book |
| Published: |
2014-11.
|
| Subjects: | |
| Online Access: | Link Metadata |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | This study attempts to explore the role of financial development on cross-border mergers and acquisitions (M&As) in 10 developed countries. Based on the sample period of 12 years (2000 - 2011), the data are analyzed by using dynamic panel data GMM estimator. Interestingly, we find that cross-border M&A respond positively and significantly to the stock market capitalization. The result highlights the importance of domestic financial conditions in stimulating an outward cross-border M&As during this period. Furthermore, the study also reveals evidence that market size (GDP) for host countries, trade inflation rate, exchange rate and Global economic crisis 2007/08 are statistically significant in influencing cross-border M&As from these 10 developed countries |
|---|---|
| Item Description: | https://ir.uitm.edu.my/id/eprint/35554/1/35554.pdf |