1. Political Determinants of Cross-Border Mergers and Acquisitions.
- Author
-
Barkdull, John and Dodge, Nancy
- Subjects
- *
MERGERS & acquisitions , *CORPORATE governance , *FOREIGN investments , *INTERNATIONAL relations , *ECONOMICS - Abstract
Empirical analysis of the determinants of cross-border mergers and acquisitions reveals that good governance makes a significant difference in encouraging this form of foreign direct investment. This is important for our understanding of a critical element of the international political economy, as it shows the political factors shaping investment flows, whereas previous studies focus on economic and geographical determinants. The study employs a binomial model to discern the relationship between governance variables and M&A. Results indicate that governance does matter. Voice and accountability, and regulatory quality, are the governance variables with the greatest effect. ..PAT.-Unpublished Manuscript [ABSTRACT FROM AUTHOR]
- Published
- 2009