Macroeconomic factors affecting inward cross-borders mergers and acquisitions in selected developing countries

Macroeconomic factors affecting inward cross-borders mergers and acquisitions in selected developing countries

This study examines the effect of 5 macroeconomic factors on inward cross-border merger and acquisition in 11 developing countries within the periods from the year 2001 to 2015. This research examines the hypotheses by employing Unit Root Test, Descriptive Statistics, Panel Least Squares (OLS) and C...

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Main Author: Yoong, Wai Kem
Format: Thesis
Language:eng
eng
Published: 2017
Subjects:
HB Economic Theory
Online Access:https://etd.uum.edu.my/7176/1/s818882_01.pdf
https://etd.uum.edu.my/7176/2/s818882_02.pdf
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id my-uum-etd.7176
record_format uketd_dc
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Ibrahim, Yusnidah
topic HB Economic Theory
spellingShingle HB Economic Theory
Yoong, Wai Kem
Macroeconomic factors affecting inward cross-borders mergers and acquisitions in selected developing countries
description This study examines the effect of 5 macroeconomic factors on inward cross-border merger and acquisition in 11 developing countries within the periods from the year 2001 to 2015. This research examines the hypotheses by employing Unit Root Test, Descriptive Statistics, Panel Least Squares (OLS) and Correlation Test. The finding indicates that there is a negative relationship between three macroeconomic factors (inflation, exchange rate and interest rate) and the numbers of the inward cross-border mergers and acquisitions. There are positive relationship between another one macroeconomic factors (Gross Domestic Products) and the numbers of the inward cross-border mergers and acquisitions. This implies that high percentage of inflation, exchange rate and interest rate lead to lower the number of inward cross-border mergers and acquisitions. Moreover, low percentage of Gross Domestic Products leads to lower the number of inward cross-border mergers and acquisitions. Stock Price Index (SPI) is insignificant negative relationship with inward cross border M&A. This indicates that higher values in the Net Present Values will able to generate favorable values of inward cross-border mergers and acquisitions of the countries in future, in which support the signaling theory.
format Thesis
qualification_name masters
qualification_level Master's degree
author Yoong, Wai Kem
author_facet Yoong, Wai Kem
author_sort Yoong, Wai Kem
title Macroeconomic factors affecting inward cross-borders mergers and acquisitions in selected developing countries
title_short Macroeconomic factors affecting inward cross-borders mergers and acquisitions in selected developing countries
title_full Macroeconomic factors affecting inward cross-borders mergers and acquisitions in selected developing countries
title_fullStr Macroeconomic factors affecting inward cross-borders mergers and acquisitions in selected developing countries
title_full_unstemmed Macroeconomic factors affecting inward cross-borders mergers and acquisitions in selected developing countries
title_sort macroeconomic factors affecting inward cross-borders mergers and acquisitions in selected developing countries
granting_institution Universiti Utara Malaysia
granting_department School of Economics, Finance & Banking
publishDate 2017
url https://etd.uum.edu.my/7176/1/s818882_01.pdf
https://etd.uum.edu.my/7176/2/s818882_02.pdf
_version_ 1747828168933244928
spelling my-uum-etd.71762021-08-18T08:33:55Z Macroeconomic factors affecting inward cross-borders mergers and acquisitions in selected developing countries 2017 Yoong, Wai Kem Ibrahim, Yusnidah School of Economics, Finance & Banking School of Economics, Finance and Banking HB Economic Theory This study examines the effect of 5 macroeconomic factors on inward cross-border merger and acquisition in 11 developing countries within the periods from the year 2001 to 2015. This research examines the hypotheses by employing Unit Root Test, Descriptive Statistics, Panel Least Squares (OLS) and Correlation Test. The finding indicates that there is a negative relationship between three macroeconomic factors (inflation, exchange rate and interest rate) and the numbers of the inward cross-border mergers and acquisitions. There are positive relationship between another one macroeconomic factors (Gross Domestic Products) and the numbers of the inward cross-border mergers and acquisitions. This implies that high percentage of inflation, exchange rate and interest rate lead to lower the number of inward cross-border mergers and acquisitions. Moreover, low percentage of Gross Domestic Products leads to lower the number of inward cross-border mergers and acquisitions. Stock Price Index (SPI) is insignificant negative relationship with inward cross border M&A. This indicates that higher values in the Net Present Values will able to generate favorable values of inward cross-border mergers and acquisitions of the countries in future, in which support the signaling theory. 2017 Thesis https://etd.uum.edu.my/7176/ https://etd.uum.edu.my/7176/1/s818882_01.pdf text eng public https://etd.uum.edu.my/7176/2/s818882_02.pdf text eng public masters masters Universiti Utara Malaysia Agyenim B.,Ruthira N., Moshfique U. (2011). An Analysis of the Inward Cross- Border Mergers and Acquisitions in the U.K.: A Macroeconomic Perspective. 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