Cross-Border Mergers and Acquisitions: Evidence from the Indochina Region
Pimnipa Foojinphan and
No 12078, CEPR Discussion Papers from C.E.P.R. Discussion Papers
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: colonial history; Foreign direct investment; South-East Asia (search for similar items in EconPapers)
JEL-codes: F54 G15 G34 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-his, nep-int and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at email@example.com
Journal Article: 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)
Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:12078
Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... rs/dp.php?dpno=12078
Access Statistics for this paper
More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 77 Bastwick Street, London EC1V 3PZ..
Bibliographic data for series maintained by (). This e-mail address is bad, please contact .