Mergers and Acquisitions in Latin America: Industrial Productivity and Corporate Governance

Lina Cortés, Iván A. Durán (), Sandra Gaitán-Riaño () and Mateo Vasco ()
Authors registered in the RePEc Author Service: Sandra Constanza Gaitan Riaño ()

No 14436, Documentos de Trabajo de Valor Público from Universidad EAFIT

Abstract: 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)
Pages: 31
Date: 2016-03-02
New Economics Papers: this item is included in nep-eff
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http://hdl.handle.net/10784/8182

Related works:
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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