Cross-Border Mergers And Acquisitions (Cbmas): A Review On Top Six Asean Country Cbma Players
Cross-Border Mergers and Acquisitions (CBMAs) are one of the vehicles for Foreign Direct Investment (FDI) and remain a popular external growth strategies by firms worldwide. However, World Investment Report 2015 (UNCTAD, 2015) reports a slight decrease of 16% in global FDI for year 2014. Neverthe...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Asian Academy of Management (AAM)
2016
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| Subjects: | |
| Online Access: | http://eprints.usm.my/37379/1/aamjaf120s16_06.pdf http://eprints.usm.my/37379/ http://web.usm.my/journal/aamjaf/12-s-6-2016.html |
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| Institution: | Universiti Sains Malaysia |
| Language: | English |
| Summary: | Cross-Border Mergers and Acquisitions (CBMAs) are one of the vehicles for Foreign
Direct Investment (FDI) and remain a popular external growth strategies by firms
worldwide. However, World Investment Report 2015 (UNCTAD, 2015) reports a slight
decrease of 16% in global FDI for year 2014. Nevertheless, FDI inflow to emerging
economies especially the Association of Southeast Asian Nations (ASEAN) member
countries increase by 5%. With the intensity of CBMAs in ASEAN member countries, this
paper reviews the six ASEAN member countries which actively involved in CBMAs from
January 2002 to December 2014. Discussion is also centered on how the main research
stream on CBMAs (antecedents, impact of CBMA and determinants of firm performance)
relates to CBMA trends by ASEAN member countries. Corporate governance spillover
hypothesis is anticipated to explain the CBMA motivations of the ASEAN firms and also
the variation in ASEAN firms' performance following CBMAs. |
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