Cross-border mergers and acquisitions: evidence from 10 developed countries / Nur Syazana Mohd Nasir ... [et al.]

Mohd Nasir, Nur Syazana and Kadir, Norsiah and Nayan, Sabri (2014) Cross-border mergers and acquisitions: evidence from 10 developed countries / Nur Syazana Mohd Nasir ... [et al.]. In: TeSSHI 2014, 5 & 6 Nov 2014, One Hotel Helang, Langkawi Kedah Malaysia.

Abstract

This study attempts to explore the role of financial development on cross-border mergers and acquisitions (M&As) in 10 developed countries. Based on the sample period of 12 years (2000 – 2011), the data are analyzed by using dynamic panel data GMM estimator. Interestingly, we find that cross-border M&A respond positively and significantly to the stock market capitalization. The result highlights the importance of domestic financial conditions in stimulating an outward cross-border M&As during this period. Furthermore, the study also reveals evidence that market size (GDP) for host countries, trade inflation rate, exchange rate and Global economic crisis 2007/08 are statistically significant in influencing cross-border M&As from these 10 developed countries

Metadata

Item Type: Conference or Workshop Item (Paper)
Creators:
Creators
Email / ID Num.
Mohd Nasir, Nur Syazana
syazana.mohdnasir@gmail.com
Kadir, Norsiah
norsiahkadir@perlis.uitm.edu.my
Nayan, Sabri
sabri.nayan@uum.edu.my
Subjects: H Social Sciences > HG Finance > International finance
H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance
Divisions: Universiti Teknologi MARA, Kedah > Sg Petani Campus
Event Title: TeSSHI 2014
Event Dates: 5 & 6 Nov 2014
Page Range: pp. 709-720
Keywords: Mergers and acquisitions; financial development; panel data; GMM estimator
Date: November 2014
URI: https://ir.uitm.edu.my/id/eprint/35554
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