Cross-Border M&A for Global Expansion Growing in Japan Also

Abstract:     
There have been numerous cross-border M&A deals involving transnational firms over the last 10 years, in many cases large deals involving European and/or US firms. Japanese firms see the need to expand their overseas presence in response to their low profitability, the maturation of the domestic market, and the increasingly smaller number of firms dominating global markets, and in recent years have been leveraging cross-border M&A as a way to quickly develop business overseas. In this paper, we overview the global trend in cross-border M&As over the last decade for deals valued at $1 billion or more, and also look at M&A activity by Japanese firms.

Number of Pages in PDF File: 20

Keywords: cross-border, M&A, maturation of the domestic market, develop business overseas

JEL Classification: F42, M21, O50, O51, O52, O53

Accepted Paper Series