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Inbound Cross‐border Mergers and Acquisitions in Australian Agrifood Manufacturing: Macro and Industry Determinants
Author(s) -
Phillips Shauna,
AhmadiEsfahani Fredoun Z.
Publication year - 2012
Publication title -
economic papers: a journal of applied economics and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.245
H-Index - 19
eISSN - 1759-3441
pISSN - 0812-0439
DOI - 10.1111/j.1759-3441.2012.00184.x
Subject(s) - mergers and acquisitions , business , macro , economic geography , macro level , foreign direct investment , industrial organization , international economics , international trade , economics , economic system , finance , macroeconomics , computer science , programming language
In this study, determinants of cross‐border mergers and acquisitions in Australian agrifood are empirically investigated. No evidence in support of exchange rate‐FDI linkages is found, but significance of relative tax rates when brand assets are transferred is apparent. Wave‐like patterns in merger and acquisition activity at the sector and industry level emerge as determining factors, with sector waves dominant.