Antecedents of Inbound and Outbound M&A: Industry-Level Analysis from India

Cross-border mergers and acquisitions (MA consequently, the extant empirical findings do not present a holistic view. This study addresses this research gap by segregating industry effects from country effects and examining the impact of an industry’s domestic growth rate, imports growth rate, and capital intensity on the industry’s inbound and outbound MA however, inbound M&A has no impact on the...