Cross-border M&As in Related and Technology-intensive Industries : Evidence on the Dynamics of Spatial Distance, Industry Context, and Completion Likelihood of International Takeovers
Many announced cross-border mergers and acquisitions (M&As) are never brought to completion despite potential negative consequences to acquirers and targets. This paper presented evidence on the dynamic effects of spatial distance and two industry-level characteristics, namely industry relatedness between the two firms and technological intensity, on the completion likelihood of cross-border M
