Mergers & Acquisition Decisions in the Energy Sector Based on Financial Transparency and Audit Opinions

Ioan-Bogdan Robu, George-Marian Aevoae, Daniela Neonila Mardiros and Ionut Viorel Herghiligiu

Eastern European Economics, 2025, vol. 63, issue 2, 297-333

Abstract: The BRICS countries are known to be a key market for foreign direct investment. This paper analyzes the decision of EU acquirers from developed economies to invest in the energy sector in BRICS countries. Using empirical evidence on 4,222 cross-border M&As and fuzzy logic, the research results show that acquirers consider macroeconomic factors as significant. When choosing a company located in the BRICS, its audit status is significant, but financial returns are not. This fact indicates that for sustainable decisions, industry is importantly correlated with financial information quality but not with company performance.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/00128775.2023.2225484 (text/html)
Access to full text is restricted to subscribers.

Related works:
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:mes:eaeuec:v:63:y:2025:i:2:p:297-333

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MEEE20

DOI: 10.1080/00128775.2023.2225484

Access Statistics for this article

More articles in Eastern European Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().