In the last decades, Asian countries gained a prominent role within the global economy. Various studies aimed to better understand the process through which these countries integrate with the international markets and develop their domestic ones – in particular, the market for corporate control. On the basis of data about company mergers and acquisitions carried out over more than 25 years in ten Asian countries, this study presents empirical evidence supporting the argument that political-institutional changes (especially in the form of enhanced 'contestability' of governmental positions) seem related to the intensity of the market for corporate control.
Cambiamenti politico-istituzionali ed il mercato per il controllo aziendale: alcune evidenze empiriche dall'attività di M&A in Asia
ASQUER, ALBERTO
2011-01-01
Abstract
In the last decades, Asian countries gained a prominent role within the global economy. Various studies aimed to better understand the process through which these countries integrate with the international markets and develop their domestic ones – in particular, the market for corporate control. On the basis of data about company mergers and acquisitions carried out over more than 25 years in ten Asian countries, this study presents empirical evidence supporting the argument that political-institutional changes (especially in the form of enhanced 'contestability' of governmental positions) seem related to the intensity of the market for corporate control.
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