Mergers and Acquisitions in Latin America: Industrial Productivity and Corporate Governance
This paper examines the impact of industrial productivity on transnationals M&As from OECD countries towards Latin American countries in the period 1996 to 2010. It also analyzes the relationship between external mechanism of corporate governance and transnational M&As. For this purpose we u...
- Autores:
-
Cortés, Lina M.
Durán, Iván A.
Gaitan-Riaño, Sandra
Vasco, Mateo
- Tipo de recurso:
- Fecha de publicación:
- 2016
- Institución:
- Universidad EAFIT
- Repositorio:
- Repositorio EAFIT
- Idioma:
- eng
- OAI Identifier:
- oai:repository.eafit.edu.co:10784/8182
- Acceso en línea:
- http://hdl.handle.net/10784/8182
- Palabra clave:
- Mergers and Acquisitions
Industry Productivity
Corporate Governance
- Rights
- License
- Acceso abierto
| Summary: | This paper examines the impact of industrial productivity on transnationals M&As from OECD countries towards Latin American countries in the period 1996 to 2010. It also analyzes the relationship between external mechanism of corporate governance and transnational M&As. For this purpose we use a gravitational model at the industry level. We find that industry productivity and higher standards of corporate governance in the country of origin promote transnational M&As activity. However, it is also found that higher levels of capital and technological productivity decreases transnational M&As activity. |
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