Recent International Evolution of the Cross-border M&A

Abstract

This paper constructs and examines the several ratios, presenting the state of the evolution of international cross-border mergers and acquisitions (M&As). Our investigations as to 28 international countries reveal the following interesting evidence. First, over the four years from 2010 to 2013, larger amounts of acquired companies are observed in the six countries of the US, UK, Canada, Australia, Brazil, and Germany. Second, over the same four years, larger amounts of acquiring companies are observed in the six countries of the US, UK, Japan, Canada, France, and China. Finally, companies in Japan and China execute larger amounts of cross-border mergers as bidders whilst Australian and Brazilian firms are generally bought by the other countries’ firms in the recent cross-border M&As.