Munich Personal RePEc Archive

The impact of the global financial crisis on border-crossing mergers and acquisitions: A continental/industry analysis

Reddy, Kotapati Srinivasa (2015): The impact of the global financial crisis on border-crossing mergers and acquisitions: A continental/industry analysis.

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Abstract

While referring to the recent study on the 2007-2008 global financial crisis, and cross-border mergers and acquisitions in 26 countries (Reddy, Nangia, & Agrawal, 2014b), this paper aims to further examine the impact of financial crisis on the later form of market in 13 sub-continentals, three sectors and 21 industries. Using their research design, we define and test the hypotheses whilst improve the discussion on historical views of the financial crisis and market for inbound acquisitions in the world economy, developed markets, developing markets and BRIC group. We find that rate of growth in number (value) of cross-border acquisitions has markedly declined reporting to continentals and industries around the crisis. We eventually suggest that emerging market economies in Asia, Africa and Latin American regions are found to be exciting in attracting direct international investments from both developed and other developing markets whilst focusing deeply on fiscal deregulation and policy amendments, particularly during post-crisis.

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