The cross-border M&A activity has become a highly popular form of corporate activity, and it has become one important type of the foreign direct investment (FDI) as well. The objective of this paper is to examine the consequence of financial depth and the cross-border M&A activity. One of the...

The literature wisdom shows that both theoretical and empirical studies provide contradictory predictions about the relationship between market concentration or competiveness and financial stability in the banking system. In the past two decades, the structure of banking industry of many...