Cross-Border Mergers and Acquisitions in Services: The Role of Policy and Industrial Structure

Barattieri, Alessandro; Borchert, Ingo; Mattoo, Aaditya

doi:10.1596/1813-9450-6905

Cited by 7 publications

(8 citation statements)

References 27 publications

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“…As with distance, this effect of ethnic networks may signal the importance of cultural sensitivity in delivering many types of services, such as hospitality, retail, education, and medical services. This result is in line with research that finds that cultural distance is more relevant for mergers and acquisitions in services (Barattieri, Borchert, and Mattoo 2016).…”

Section: Networked Firms Are More Likely To Invest Making Investing More Inclusivesupporting

confidence: 91%

Regional Investment Pioneers in South Asia: The Payoff of Knowing Your Neighbors

Kathuria¹,

Yatawara²,

Zhu³

2021

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Some rights reserved 1 2 3 4 24 23 22 21 This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy, completeness, or currency of the data included in this work and does not assume responsibility for any errors, omissions, or discrepancies in the information, or liability with respect to the use of or failure to use the information, methods, processes, or conclusions set forth. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries.Nothing herein shall constitute or be considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved.

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Section: Networked Firms Are More Likely To Invest Making Investing More Inclusivesupporting

confidence: 91%

Regional Investment Pioneers in South Asia: The Payoff of Knowing Your Neighbors

Kathuria¹,

Yatawara²,

Zhu³

2021

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“…Furthermore, we controlled for two dyadic factors. First, we captured commonality in religion between the two countries (Barattieri, Borchert, & Mattoo, ). Using data from Alesina et al (), we identified common religions practiced in both countries, multiplied proportions of the populations for the acquiring and target country practicing a given common religion, and summed the products for all common religions to derive a measure of the degree of common religion.…”

Section: Methodsmentioning

confidence: 99%

“…Furthermore, we controlled for two dyadic factors. First, we captured commonality in religion between the two countries (Barattieri, Borchert, & Mattoo, 2014). Using data from Alesina et al (2003), we identified common religions practiced in both countries, multiplied proportions of 11 South Africa was administered as a settlement colony and became independent in 1910 when the Union of South Africa was formed, almost 50 years before other African countries began to gain independence.…”

Section: Control Variablesmentioning

confidence: 99%

Institutional determinants of ownership positions of foreign acquirers in Africa

Ellis

Lamont

Holmes

et al. 2017

Global Strategy Journal

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Research summary Using unique features of the African context and blending institutional, hostage, and transaction cost theories, we address gaps in our understanding of institutional determinants of ownership position in cross‐border acquisitions (CBAs) in emerging countries. We focus on two traditional institutional determinants: Informal and formal institutional distances between the two firms’ home countries and two determinants that are particularly acute in the African context: the colonial ties between and fractionalization of the two firms’ home countries. We find colonial ties and uncertainty avoidance distance, an indicator of informal institutional distance, are negatively related to ownership position. Conversely, we show that formal institutional distance and the host country's fractionalization positively influence ownership levels, but the latter effect is weakened when acquirers come from more fractionalized home countries. Managerial summary We examine the effects of four institutional factors that influence organizational decision‐making in the African context: (a) its colonial history, (b) differences in informal cultural norms, (c) differences in formal regulatory structures, and (d) ethnic and linguistic diversity within a country on the percentage of equity ownership that foreign acquirers hold in African target firms. Results indicate that this equity position is lower when colonial ties and greater differences in uncertainty avoidance exist between the acquirer's home country and the target African country. Conversely, foreign acquirers’ equity ownership positions are higher when there are greater formal regulatory differences between the two countries and the host country is more ethnically and linguistically diverse, though the latter effect is reduced when the acquirer is from a home country that is also diverse.

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“…In our case, the country variability being particularly important, we adopt an alternative twostep method, initially developed by Saxonhouse (1976) and eventually refined by several authors such as Woolridge ( 2010), Hornstein and Greene (2012) or Bryan and Jenkins (2016), and implemented in various empirical studies (Hug and Spörri, 2011;Barattieri et al, 2016).…”

Section: The Econometric Strategy: a Two-step Approachmentioning

confidence: 99%

Information on biodiversity and environmental behaviors: A European study of individual and institutional drivers to adopt sustainable gardening practices

Coisnon

Rousselière

2019

Social Science Research

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UMR INRA-Agrocampus Ouest SMART -LERECO (Laboratoires d'Etudes et de Recherches en Economie sur les Structures et Marchés Agricoles, Ressources et Territoires) Working Paper SMART -LERECO N°18-02 Les Working Papers SMART-LERECO ont pour vocation de diffuser les recherches conduites au sein des unités SMART et LERECO dans une forme préliminaire permettant la discussion et avant publication définitive. Selon les cas, il s'agit de travaux qui ont été acceptés ou ont déjà fait l'objet d'une présentation lors d'une conférence scientifique nationale ou internationale, qui ont été soumis pour publication dans une revue académique à comité de lecture, ou encore qui constituent un chapitre d'ouvrage académique. Bien que non revus par les pairs, chaque working paper a fait l'objet d'une relecture interne par un des scientifiques de SMART ou du LERECO et par l'un des deux éditeurs de la série. Les Working Papers SMART-LERECO n'engagent

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Cross-Border Mergers and Acquisitions in Services: The Role of Policy and Industrial Structure

Cited by 7 publications

References 27 publications

Regional Investment Pioneers in South Asia: The Payoff of Knowing Your Neighbors

Regional Investment Pioneers in South Asia: The Payoff of Knowing Your Neighbors

Institutional determinants of ownership positions of foreign acquirers in Africa

Information on biodiversity and environmental behaviors: A European study of individual and institutional drivers to adopt sustainable gardening practices

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