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Asia Pacific Journal of Management

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01.12.2014

Determinants of early movers in cross-border merger and acquisition wave in an emerging market: A study of Indian firms

verfasst von: Manish Popli, Ashutosh Kumar Sinha

Erschienen in: Asia Pacific Journal of Management | Ausgabe 4/2014

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Abstract

A series of changes in India’s financial institutional regime led to waves of cross-border mergers and acquisitions (M&A) deals spanning various industries. In this article, we explore firm-level determinants that distinguish between early movers and followers in these waves. We tested our hypotheses using data for the 2001–2011 period. Analysis found support for our hypotheses that prior experience (with alliances), firm size, and international embeddedness of business group influence timing of firms’ cross-border M&A. Findings support the springboarding perspective that emerging market (EM) firms engage in preemptive acquisitions to gain first-mover advantage.

Vorheriger Artikel Role of industry relatedness in performance of Indian acquirers—Long and short run effects

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This set includes 168 countries from Africa, Asia, Latin America, and Oceania (Source: http://unctad.org).

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We did not consider the alliances having status as pending, renegotiated, rumored, or seeking to form.

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Titel: Determinants of early movers in cross-border merger and acquisition wave in an emerging market: A study of Indian firms
verfasst von: Manish Popli
Ashutosh Kumar Sinha
Publikationsdatum: 01.12.2014
Verlag: Springer US
Erschienen in: Asia Pacific Journal of Management / Ausgabe 4/2014
Print ISSN: 0217-4561
Elektronische ISSN: 1572-9958
DOI: https://doi.org/10.1007/s10490-014-9378-8

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