Cross-Border M&As in Related and Technology-Intensive Industries: Evidence on the Dynamics of Spatial Distance, Industry Context, and Completion Likelihood of International Takeovers

Elisa Labbas, Padma Rao Sahib, Trang Thu Doan

Research output: Chapter in Book/Report/Conference proceedingChapterAcademicpeer-review

1 Citation (Scopus)


Many announced cross-border mergers and acquisitions (M&As) are never brought to completion despite potential negative consequences to acquirers and targets. This paper presented evidence on the dynamic effects of spatial distance and two industry-level characteristics, namely industry relatedness between the two firms and technological intensity, on the completion likelihood of cross-border M&A deals. Based on a sample of 8,489 M&A transactions we found that the completion likelihood of cross-border M&As increases with spatial distance. The effect is more pronounced for deals across technology-based industries, evidence for related deals is inconclusive.
Original languageEnglish
Title of host publicationAdvances in Mergers and Acquisitions
EditorsSydney Finkelstein, Cary L. Cooper
PublisherEmerald Group Publishing Limited
ISBN (Electronic)978-1-78756-135-9
ISBN (Print)978-1-78756-136-6
Publication statusPublished - 2018

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