Mergers and Acquisitions in Latin America: Industrial Productivity and Corporate Governance
Lina M. CortÃ©s (),
Iván A. Durán (),
Sandra Gaitán-Riaño () and
Mateo Vasco ()
Authors registered in the RePEc Author Service: Lina M. Cortés () and
Sandra Constanza Gaitan Riaño ()
Documentos de Trabajo CIEF from Universidad EAFIT
Abstract: This paper examines the impact of industrial productivity on transnationals M&As from OECD countries towards Latin American countries in the period 1996 to 2010. It also analyzes the relationship between external mechanism of corporate governance and transnational M&As. For this purpose we use a gravitational model at the industry level. We find that industry productivity and higher standards of corporate governance in the country of origin promote transnational M&As activity. However, it is also found that higher levels of capital and technological productivity decreases transnational M&As activity.
Keywords: Mergers and Acquisitions; Industry Productivity; Corporate Governance (search for similar items in EconPapers)
JEL-codes: F30 G34 L21 (search for similar items in EconPapers)
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Journal Article: Mergers and Acquisitions in Latin America: Industrial Productivity and Corporate Governance (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:col:000122:014436
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