Abstract
Most of the growth in international production over the past decades has been via cross-border mergers and acquisitions (CBM&As). Yet prior studies examining the trajectory of cross-border M&A activities as an entry mode of FDI have focused on industry and firm level factors. Dunning (2009) emphasised the importance of macroeconomic variables which may explain foreign direct investment and called for more research to improve our understanding on the effects of macroeconomic variables.
Original language | English |
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Pages (from-to) | 547-556 |
Number of pages | 10 |
Journal | International Business Review |
Volume | 20 |
Early online date | 14 Dec 2010 |
DOIs | |
Publication status | Published - Oct 2011 |
Keywords
- mergers and acquisitions
- UK financial market
- macroeconomics