EconPapers    
Economics at your fingertips  
 

Cross-Border M&A Inflows and the Quality of Institutions: A Cross-Country Panel Data Analysis

Jung Hur (), Rasyad Parinduri () and Yohanes Riyanto ()

SCAPE Policy Research Working Paper Series from National University of Singapore, Department of Economics, SCAPE

Abstract: This paper provides an empirical explanation to the observed disparity in cross-border M&A inflows to developing and developed countries over the last two decades. We show two main results. First, the disparity can be attributed to the difference in the quality of institutions between the two groups of countries. Second, the gain from reforming institutions in developing countries is smaller than that in developed countries. These findings suggest that, with the current speed of institutional reforms in developing countries, the disparity is likely to persist.

Keywords: cross-border M&A inflows; quality of institutions; developing and developed countries; pooled-data and panel data analysis; correlated random effects (search for similar items in EconPapers)
JEL-codes: C23 F21 G34 O16 O57 (search for similar items in EconPapers)
Date: 2007-03
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.fas.nus.edu.sg/ecs/pub/wp-scape/0708.pdf (application/pdf)

Related works:
Journal Article: CROSS‐BORDER M&A INFLOWS AND QUALITY OF COUNTRY GOVERNANCE: DEVELOPING VERSUS DEVELOPED COUNTRIES (2011) Downloads
Working Paper: Cross-Border M&A Inflows and the Quality of Institutions: A Cross-Country Panel Data Analysis (2007) Downloads
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:sca:scaewp:0708

Access Statistics for this paper

More papers in SCAPE Policy Research Working Paper Series from National University of Singapore, Department of Economics, SCAPE Contact information at EDIRC.
Series data maintained by ().

 
Page updated 2017-10-18
Handle: RePEc:sca:scaewp:0708