Cross-Border Mergers and Acquisitions (M&As) in Developing Asia: The Role of Financial Variables

26 Pages Posted: 22 Jun 2010

Date Written: December 31, 2009

Abstract

This paper examines cross-border M&A activities in a large panel which includes many developing Asian economies. How important are financial drivers of M&As in the region, particularly financial risks such as market risk, credit risk, and liquidity risk? How significant are intra-(developing) Asian M&As and are there differences between intra-regional M&A transactions and M&A purchases by extra-regional sources in developing Asia? These are among the issues explored in this paper using a novel dataset of bilateral M&A purchases in developing Asia over the period 2000-2007.

Keywords: Developing Asia, Distance, Finance, Foreign Direct Investment (FDI), Gravity Model, Greenfield investment, Mergers and Acquisitions (M&As), Risks

JEL Classification: F21, F23, F36

Suggested Citation

Hattari, Rabin and Rajan, Ramkishen S., Cross-Border Mergers and Acquisitions (M&As) in Developing Asia: The Role of Financial Variables (December 31, 2009). GMU School of Public Policy Research Paper No. 2010-17; HKIMR Working Paper No. 36/2009. Available at SSRN: https://ssrn.com/abstract=1628014 or http://dx.doi.org/10.2139/ssrn.1628014

Rabin Hattari

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

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