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Gulamhussen, M. A., Hennart, J. F. & Pinheiro, C. (2016). What drives cross-border M&As in commercial banking?. Journal of Banking and Finance. 72, S6-S18

M. A. Gulamhussen et al.,  "What drives cross-border M&As in commercial banking?", in Journal of Banking and Finance, vol. 72, pp. S6-S18, 2016

@article{gulamhussen2016_1732199373710,
	author = "Gulamhussen, M. A. and Hennart, J. F. and Pinheiro, C.",
	title = "What drives cross-border M&As in commercial banking?",
	journal = "Journal of Banking and Finance",
	year = "2016",
	volume = "72",
	number = "",
	doi = "10.1016/j.jbankfin.2016.07.007",
	pages = "S6-S18",
	url = "https://www.sciencedirect.com/science/article/pii/S0378426616301200?via%3Dihub"
}

TY  - JOUR
TI  - What drives cross-border M&As in commercial banking?
T2  - Journal of Banking and Finance
VL  - 72
AU  - Gulamhussen, M. A.
AU  - Hennart, J. F.
AU  - Pinheiro, C.
PY  - 2016
SP  - S6-S18
SN  - 0378-4266
DO  - 10.1016/j.jbankfin.2016.07.007
UR  - https://www.sciencedirect.com/science/article/pii/S0378426616301200?via%3Dihub
AB  - Using a gravity model, we analyze the determinants of the probability that commercial banks in 89 acquiring countries and 118 target countries will undertake M&As over a 30-year period (1981–2010) and of the value of these M&As. We find that the value of cross-border M&As increases with the size of the acquiring country, and that both the probability and value of M&As vary positively with the depth of the financial market in acquirer countries and the presence of corporate and non-corporate customers from acquiring countries in target countries, and negatively with the geographic, psychic, and time zone distances between acquirer and target countries. Our study highlights the role of non-corporate customers and of psychic distance in the cross-border expansion of commercial banks through M&As.
ER  -