International Mergers and Acquisitions of Companies from BRIC Countries: Motives, Efficiency

Student: Divitkina Olga

Educational Programme: Economics (Bachelor)

Year of Graduation: 2020

Cross-border M&As from emerging market firms are growing at a rapid rate. Such transactions require special consideration due to the significant features of these capital markets. This study aims to estimate performance and distinguish the main factors of cross-border M&A initiated by emerging market firms. Specific external and internal determinants are defined based on existing research and historical data. Factors’ significance and influence on efficiency are tested by the performance-based method using the data of cross-border M&A from BRIC countries firms for the 2000-2018 years. The empirical results of the paper prove the role of institutional and macroeconomic factors in emerging markets deals. It is necessary to take into consideration in the process of deciding on cross-border deals.

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