Cross-border mergers and acquisitions: Evidence from the Indochina region

Manapol Ekkayokkaya, Pimnipa Foojinphan and Christian Wolff

Finance Research Letters, 2017, vol. 23, issue C, 253-256

Abstract: We study cross-border mergers and acquisitions (M&As) in ten countries in the Indochina region during the period 1993–2015. Countries with a French colonial history showed markedly lower levels of cross-border M&As (value as well as volume) than other countries, whether previously colonized or not. This difference persists even after accounting for the known drivers of cross-border M&A activity, including legal origin, trade openness, and labor cost levels. Together, these findings suggest that the colonial past of a country plays an important role in cross-border M&A activity.

Keywords: Foreign direct investment; Colonial history; South-East Asia (search for similar items in EconPapers)
JEL-codes: F54 G15 G34 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612317301393
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Cross-Border Mergers and Acquisitions: Evidence from the Indochina Region (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:23:y:2017:i:c:p:253-256

DOI: 10.1016/j.frl.2017.06.009

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().