Cross-Border Mergers and Acquisitions

Isil Erel, Yeejin Jang and Michael Weisbach

No 30597, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: One of the most consequential events in any firm’s lifetime is a major acquisition. Because of their importance, mergers and acquisitions (M&As) have been an enormous area of research. However, the vast majority of this research and survey papers summarizing this research have focused on domestic deals. Cross-border ones, however, constitute about 30% of the total number and 37% of the total volume of M&As around the world since the early 1990s. We survey the literature on cross-border M&As, focusing on international factors that can lead firms to acquire a firm in another country. Such factors include differences in economic development, laws, institutions, culture, labor rights, protection of intellectual property, taxes, and corporate governance.

JEL-codes: F0 G15 G34 (search for similar items in EconPapers)
Date: 2022-10
New Economics Papers: this item is included in nep-com, nep-his, nep-ind and nep-int
Note: CF
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Citations: View citations in EconPapers (2)

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Chapter: Cross-border mergers and acquisitions (2024)
Working Paper: Cross-Border Mergers and Acquisitions (2022)
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