Bilateral M&A activity from the Global South

Mansoor Dailami, Sergio Kurlat and Jamus Lim

The North American Journal of Economics and Finance, 2012, vol. 23, issue 3, 345-364

Abstract: This paper studies the factors associated with outbound bilateral mergers and acquisitions (M&A) activity by firms located in emerging economies. We document recent trends in emerging market M&A flows, which have risen dramatically over the past decade, and explore the factors that may have contributed to this rise. We find distinct patterns for M&A deals according to whether the acquisition targets are in other emerging economies or advanced countries, and that these differences can be attributed to differing theoretical motivations behind foreign direct investment. We also consider the implications of our model for future M&A originating in the Global South, in light of the global financial crisis of 2008.

Keywords: Mergers and acquisitions; South-South capital flows (search for similar items in EconPapers)
JEL-codes: F21 G11 G34 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecofin:v:23:y:2012:i:3:p:345-364

DOI: 10.1016/j.najef.2012.03.006

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