Shen, Chung-Hua; Lin, Mei-Rong - In: Journal of Multinational Financial Management 21 (2011) 2, pp. 89-105
This paper studies the motivation that drives financial institutions to engage in cross-border M&A activity in eight Asian countries before and after the 1997 financial crisis. Five hypotheses are examined, namely, the gravity hypothesis, the following the client hypothesis, the market...