scholarly journals Determinants of cross-border mergers and Acquisitions (CBMAs) performance in five East Asian countries

Author(s):  
Saw-Imm Song ◽  
Rashidah Abdul Rahman ◽  
Ei-Yet Chu ◽  
Cheok-Choo Kueh
Author(s):  
Mohd Haniff Jedin

Progress of cross-border mergers and acquisitions (M&A) in Asian region demonstrates an upstream pattern although the economy in Europe is unhealthy. In fact, many cross-border deals in Europe are dominated by Asian and US acquirers. In 2010, Asia Pacific countries had completed over 8,300 M&A deals that involved an Asian company reported by Dealogic. Countries such as China, South Korea, Malaysia, Singapore and Thailand are among Asian countries that are active in cross-border M&A. However, M&A trends in Malaysia and Indonesia have not received due attention of the researchers. Present study attempts to explore this phenomenon with the specific idea of identifying the background of Malaysian and Indonesian industries that involved in cross-border M&A. Present paper also reveals the integration trends involved when engaging in cross-border M&A. An opinion survey was conducted of the firms involved in M&A deals; the companies were identified from the Thomson One Banker main database which covers cross border M&A cases completed in Malaysian and Indonesia. Results show that engineering, software and telecommunication industries are among the leading industries engaged in cross-border M&A. Results also reflect that in terms of nationality of the acquired firms, Malaysia, Indonesia, Thailand and Singapore are among favourites to Malaysian and Indonesian acquirers. The study highlights higher success compared to failures in cross-border M&A in the countries under reference.  


2018 ◽  
Vol 17 (1) ◽  
pp. 123-144
Author(s):  
Qin Liang ◽  
Ningxu Li ◽  
Jie Li

This paper investigates whether the determinants of mergers and acquisitions (M&A) inflows are different from those of outflows in emerging Asia. We use an augmented gravity model with bilateral cross-border M&A data from 2000 to 2015 for 13 emerging Asian countries. We find that the stock market size of the source country matters for both M&A inflows and outflows. In addition, the motives of firms seeking foreign markets, natural resources, and lower labor costs drive both M&A inflows and outflows. Finally, both the bank credit and the stock market liquidity of the source country play important roles in M&A inflows only, not in M&A outflows.


Author(s):  
Alexandra V. Chugunova ◽  
Olga A. Klochko

This research studies the relationship of cross-border mergers and acquisitions to international trade through the lens of Russian pharmaceutical market. To this aim, the study analyses the woks of foreign economists dedicated to evaluating the link between foreign direct investment and international trade, and the influence of mergers and acquisitions on countries’ export and import flows. The research also presents a correlation analysis between the volume of Russian pharmaceutical exports and imports and cross-border deals performed by foreign pharmaceutical companies in Russia. We characterize these deals and conduct a comparative analysis of the regional structure of Russian pharmaceutical exports and imports as well as of the countries of origin of buyers in cross-border mergers and acquisitions. The results of the analysis indicate a positive relationship between cross-border mergers and acquisitions and Russian pharmaceutical exports, which is reflected in the export volume growth and its geographical diversification. However, it is outlined that particular problems of the industry hinder the amelioration of Russian positions in international exports. Similarly, the relationship between cross-border deals and Russian imports is positive: the major pharmaceutical products supply flow occurs from the countries of origin of buyers in cross-border mergers and acquisitions conducted in the Russian pharmaceutical sector.


Asia Review ◽  
2015 ◽  
Vol 4 (2) ◽  
pp. 31
Author(s):  
Cheong-Tag Kim
Keyword(s):  

2020 ◽  
Vol 3 (7) ◽  
pp. 135-139
Author(s):  
K. D. GVASALIYA ◽  

The East Asian region plays an important economic role in the system of world economic relations, includ-ing one fifth of the world's population with a rapidly growing middle class and mobility that creates high consumer demand. The specifics of the functioning of international business in the key East Asian countries, including gov-ernment regulation, forms of doing business, characteristic features and stages of the formation of international business, differ significantly from those adopted in Western countries. Due to this, the study of the development and functioning of international business in the region is a relevant area of research. The article discusses the main specific features of the Asian business model, analyzes the specificity and forms of functioning of international business in the East Asian countries.


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