Minority versus majority: The choice of acquisition in <scp>Asia‐Pacific</scp> countries

نویسندگان

چکیده

Abstract This paper examines the relationship between financial constraints of acquiring firms and their choice a minority over majority acquisition. Our findings show that likelihood bidders undertaking acquisition increases with constraints, including deviation from target capital structure, overleverage deficit. We also find impacts leverage on engaging in or is asymmetric for underleveraged overleveraged firms. In addition, international are less likely to take if operating (i) countries higher degree Political Stability Absence Violence/Terrorism, (ii) which individuals able participate selecting government, as well having more freedom expression, association, free media. Lastly, acquisitions common country developed market. As such, fluid social order it looks like acquirers really need control.

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ژورنال

عنوان ژورنال: International Journal of Finance & Economics

سال: 2022

ISSN: ['1076-9307', '1099-1158']

DOI: https://doi.org/10.1002/ijfe.2726