The purpose of this paper is to investigate the effects of cross-country characteristics on acquirers’ target status choice in cross-border mergers and acquisitions across 41 emerging markets. The paper first reviews the existing literature and develops the related hypotheses, in conjunction with the objectives of this paper. We then describe the data employed, variable measurement and examine the effects of cross-country characteristics on the acquirers’ target status choice in cross-border mergers and acquisitions while controlling for firm-level and deal-specific characteristics. |
