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
(2018) In Advances in Mergers and Acquisitions 17. p.75-93- Abstract
- 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.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/9280d82a-8f11-408c-b4c7-a221d02a878f
- author
- Labbas, Elisa LU ; Rao Sahib, Padma and Doan, Trang Thu
- organization
- publishing date
- 2018
- type
- Chapter in Book/Report/Conference proceeding
- publication status
- published
- subject
- keywords
- Cross-border mergers and acquisitions, Completion likelihood, Industry relatedness, Technology-based industries, Geographic distance
- host publication
- Advances in Mergers and Acquisitions
- series title
- Advances in Mergers and Acquisitions
- editor
- Finkelstein, Sydney and Cooper, Cary L.
- volume
- 17
- edition
- 1
- pages
- 19 pages
- publisher
- Emerald Group Publishing Limited
- external identifiers
-
- scopus:85065552374
- ISSN
- 1479-361X
- ISBN
- 978-1-78756-135-9
- 978-1-78756-136-6
- DOI
- 10.1108/S1479-361X20180000017004
- language
- English
- LU publication?
- yes
- id
- 9280d82a-8f11-408c-b4c7-a221d02a878f
- date added to LUP
- 2018-08-29 11:29:15
- date last changed
- 2024-06-24 18:20:33
@inbook{9280d82a-8f11-408c-b4c7-a221d02a878f, abstract = {{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.}}, author = {{Labbas, Elisa and Rao Sahib, Padma and Doan, Trang Thu}}, booktitle = {{Advances in Mergers and Acquisitions}}, editor = {{Finkelstein, Sydney and Cooper, Cary L.}}, isbn = {{978-1-78756-135-9}}, issn = {{1479-361X}}, keywords = {{Cross-border mergers and acquisitions; Completion likelihood; Industry relatedness; Technology-based industries; Geographic distance}}, language = {{eng}}, pages = {{75--93}}, publisher = {{Emerald Group Publishing Limited}}, series = {{Advances in Mergers and Acquisitions}}, title = {{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}}, url = {{http://dx.doi.org/10.1108/S1479-361X20180000017004}}, doi = {{10.1108/S1479-361X20180000017004}}, volume = {{17}}, year = {{2018}}, }