Why do some MNCs get caught up in large scale scandals when attempting a cross-border M&A deal? How do events take over the target country resulting in incompletion of the focal deal? These were the questions leading my study of six unconsummated cross-border merger and acquisition (M&A) deals. I developed a conceptual framework which suggests that announcement of a cross-border M&A deal starts a string of institutional processes that leads to incompletion of the bid.Qualitative analysis results based on a sample of six high profile cross-border transactions provided support for the...
Why do some MNCs get caught up in large scale scandals when attempting a cross-border M&A deal? How do events take over the target country resulting i...
