Terrorism and cross-border mergers and acquisitions

IF 5.5 2区经济学 Q1 BUSINESS, FINANCE

Global Finance Journal Pub Date : 2025-06-14 DOI:10.1016/j.gfj.2025.101146

Edward R. Lawrence , Mehul Raithatha , Iván M. Rodríguez Jr.

引用次数: 0

Abstract

We analyze the impact of terrorism on cross-border mergers and acquisitions (M&As) and find that terrorist attacks in acquirer and target countries significantly influence both the initiation and completion of M&As. While the presence of terrorism deters deal initiation, it paradoxically increases the likelihood of deal completion, suggesting a complex interplay of risk assessment and strategic decision-making. Furthermore, we find that firms accelerate completion after terrorist attacks.

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恐怖主义和跨国并购

我们分析了恐怖主义对跨国并购的影响，发现并购方和目标国的恐怖袭击对并购的发起和完成都有显著影响。虽然恐怖主义的存在阻碍了交易的启动，但矛盾的是，它增加了交易完成的可能性，表明风险评估和战略决策之间存在复杂的相互作用。此外，我们发现企业在恐怖袭击后加速完工。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Global Finance Journal BUSINESS, FINANCE-

CiteScore

7.30

自引率

13.50%

发文量

106

审稿时长

53 days

期刊介绍： Global Finance Journal provides a forum for the exchange of ideas and techniques among academicians and practitioners and, thereby, advances applied research in global financial management. Global Finance Journal publishes original, creative, scholarly research that integrates theory and practice and addresses a readership in both business and academia. Articles reflecting pragmatic research are sought in areas such as financial management, investment, banking and financial services, accounting, and taxation. Global Finance Journal welcomes contributions from scholars in both the business and academic community and encourages collaborative research from this broad base worldwide.