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The impact of the global financial crisis on cross-border mergers and acquisitions: a continental and industry analysis

Narendar Rao () and K. Reddy ()

Eurasian Business Review, 2015, vol. 5, issue 2, 309-341

Abstract: Drawing attention to the recent empirical study on the 2007–2008 global financial crisis, and cross-border mergers and acquisitions in 26 countries (Reddy et al. in Glob J Emerg Mark Econ 6:257–281, 2014 ), this paper aims to further examine the impact of the financial crisis on the later form of market in 13 sub-continentals, three sectors and 21 industries. Using Reddy et al. (Glob J Emerg Mark Econ 6:257–281, 2014 ) research design, we define and test the hypotheses, and improve the discussion on historical views of the financial crisis. We also analyze the market for inbound acquisitions in the world economy, developed markets, developing markets and BRIC group. We find that the rate of growth in number (value) of cross-border acquisitions has markedly declined reporting to continentals and industries during the crisis. We suggest that emerging market economies in Asia, Africa and Latin American regions are found to be exciting in attracting direct international investments from developed and other developing markets whilst focusing deeply on fiscal deregulation and policy amendments, particularly after the crisis. Copyright Eurasia Business and Economics Society 2015

Keywords: Global financial crisis; Mergers and acquisitions; Cross-border acquisitions; International investments and acquisitions; Foreign direct investment; World economy; G1; G14; G34; O4 (search for similar items in EconPapers)
Date: 2015
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