Chapter 4: Cross-Border M&As in Related and Technology-Intensive Industries: Evidence on the Dynamics of Spatial Distance, Industry Context, and Completion Likelihood of International Takeovers

Chapter 4: Cross-Border M&As in Related and Technology-Intensive Industries: Evidence on the Dynamics of Spatial Distance, Industry Context, and Completion Likelihood of International Takeovers

Many announced cross-border mergers and acquisitions (M&As) are never brought to completion despite potential negative consequences to acquirers and targets. This paper presented evidence on the dynamic effects of spatial distance and two industry-level characteristics, namely industry relatedne...

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Main Authors: Labbas, Elisa, Sahib, Padma Rao, Doan, Thu Trang
Format: Article
Language:English
Published: Emerald Publishing Limited 2019
Subjects:
Cross-border mergers and acquisitions
completion likelihood
industry relatedness
technology-based industries
geographic distance
Online Access:http://repository.vnu.edu.vn/handle/VNU_123/63990
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Institution: Vietnam National University, Hanoi
Language: English
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spelling oai:112.137.131.14:VNU_123-639902019-02-18T08:39:57Z Chapter 4: Cross-Border M&As in Related and Technology-Intensive Industries: Evidence on the Dynamics of Spatial Distance, Industry Context, and Completion Likelihood of International Takeovers Labbas, Elisa Sahib, Padma Rao Doan, Thu Trang Cross-border mergers and acquisitions completion likelihood industry relatedness technology-based industries geographic distance Many announced cross-border mergers and acquisitions (M&As) are never brought to completion despite potential negative consequences to acquirers and targets. This paper presented evidence on the dynamic effects of spatial distance and two industry-level characteristics, namely industry relatedness between the two firms and technological intensity, on the completion likelihood of cross-border M&A deals. Based on a sample of 8,489 M&A transactions we found that the completion likelihood of cross-border M&As increases with spatial distance. The effect is more pronounced for deals across technology-based industries, evidence for related deals is inconclusive. 2019-02-18T08:39:56Z 2019-02-18T08:39:56Z 2018 Article Elisa Labbas, , Padma Rao Sahib, , Trang Thu Doan, (2018), Cross-Border M&As in Related and Technology-Intensive Industries: Evidence on the Dynamics of Spatial Distance, Industry Context, and Completion Likelihood of International Takeovers, in Sydney Finkelstein , Cary L. Cooper (ed.) Advances in Mergers and Acquisitions (Advances in Mergers and Acquisitions, Volume 17) Emerald Publishing Limited, pp.75 - 93 http://repository.vnu.edu.vn/handle/VNU_123/63990 ISBN: 978-1-78756-136-6 eISBN: 978-1-78756-135-9 en application/pdf Emerald Publishing Limited
institution Vietnam National University, Hanoi
building VNU Library & Information Center
country Vietnam
collection VNU Digital Repository
language English
topic Cross-border mergers and acquisitions
completion likelihood
industry relatedness
technology-based industries
geographic distance
spellingShingle Cross-border mergers and acquisitions
completion likelihood
industry relatedness
technology-based industries
geographic distance
Labbas, Elisa
Sahib, Padma Rao
Doan, Thu Trang
Chapter 4: Cross-Border M&As in Related and Technology-Intensive Industries: Evidence on the Dynamics of Spatial Distance, Industry Context, and Completion Likelihood of International Takeovers
description Many announced cross-border mergers and acquisitions (M&As) are never brought to completion despite potential negative consequences to acquirers and targets. This paper presented evidence on the dynamic effects of spatial distance and two industry-level characteristics, namely industry relatedness between the two firms and technological intensity, on the completion likelihood of cross-border M&A deals. Based on a sample of 8,489 M&A transactions we found that the completion likelihood of cross-border M&As increases with spatial distance. The effect is more pronounced for deals across technology-based industries, evidence for related deals is inconclusive.
format Article
author Labbas, Elisa
Sahib, Padma Rao
Doan, Thu Trang
author_facet Labbas, Elisa
Sahib, Padma Rao
Doan, Thu Trang
author_sort Labbas, Elisa
title Chapter 4: Cross-Border M&As in Related and Technology-Intensive Industries: Evidence on the Dynamics of Spatial Distance, Industry Context, and Completion Likelihood of International Takeovers
title_short Chapter 4: Cross-Border M&As in Related and Technology-Intensive Industries: Evidence on the Dynamics of Spatial Distance, Industry Context, and Completion Likelihood of International Takeovers
title_full Chapter 4: Cross-Border M&As in Related and Technology-Intensive Industries: Evidence on the Dynamics of Spatial Distance, Industry Context, and Completion Likelihood of International Takeovers
title_fullStr Chapter 4: Cross-Border M&As in Related and Technology-Intensive Industries: Evidence on the Dynamics of Spatial Distance, Industry Context, and Completion Likelihood of International Takeovers
title_full_unstemmed Chapter 4: Cross-Border M&As in Related and Technology-Intensive Industries: Evidence on the Dynamics of Spatial Distance, Industry Context, and Completion Likelihood of International Takeovers
title_sort chapter 4: cross-border m&as in related and technology-intensive industries: evidence on the dynamics of spatial distance, industry context, and completion likelihood of international takeovers
publisher Emerald Publishing Limited
publishDate 2019
url http://repository.vnu.edu.vn/handle/VNU_123/63990
_version_ 1680962997864890368

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