Most of the growth in international production over the past decades has been via cross-border mergers and acquisitions (CBM&As). Yet prior studies examining the trajectory of cross-border M&A activities as an entry mode of FDI have focused on industry and firm level factors. Dunning (2009)...

In this paper, we examine the dynamic effects of key macroeconomic factors on the UK crossborder mergers and acquisitions (CBM&A) outflows over the period 1987–2008. Using a seven variable vector autoregressive/vector error correction models (VAR/VECM), the study finds that a number of home...

Purpose – The aim of this paper is to consider the short-run performance of UK firms acquiring foreign target firms over a period of 1994-2003 and to explore the impact of deal size and other firm-specific factors on performance. Cross-border mergers and acquisitions have witnessed a...