Cross-border Merger and Acquisitions, Government Regulations and Market Competition

Author(s):  
Tian Zu-hai ◽  
Wang Jiang-jiao
2018 ◽  
Vol 80 (1) ◽  
pp. 61-67
Author(s):  
О. М. Motuzka ◽  
V. V. Parkhomenko

Because the methodology for studying the socio-economic development of cross-border territories is still poorly developed in the Ukrainian science, this study aims to highlight its theoretical essence and justify the need for statistical monitoring and identification of practical problems related with its applications at personal, institutional and regional level.   Given the global market competition, the socio-economic development of cross-border territories is impossible without creating favorable financial, institutional and infrastructure environment. The socio-economic development of cross-border territories is determined by a set of indicators reflecting the capabilities of territories located on both sides of the border to produce a certain output of goods and services using the available human and material resources.    The importance of cross-border statistics grows with the expansion of cross-border cooperation. Cross-border statistics refers to the generalized information on the socio-economic development of cross-border territories; it has to support the CBC-related operation of central and local administration bodies and private entities in border regions, aimed at expanding business partnerships and meeting public needs on border territories. The source of data for cross-border statistics is the statistics of border regions. The analysis shows that trial decisions used now in the Ukrainian statistics system for testing border region statistics, such as statistics of tourism, including travels abroad, are not capable to meet information needs of the regional development policy, foreign trade statistics and statistics of internal and external migration. The statistics of cross-border regions has to face the following challenges:  improve the comparability of statistical indicators by harmonizing statistical surveys’ methodology, terminology, definitions and classifications; expand and improve printing and publishing activities; develop analytical work; introduce and develop cross-border surveys; construct on-line cross-border database.


Author(s):  
Jodi M Henley

Although determinants of cross-border merger and acquisitions (M&As) have been given substantial attention in the literature, research examining the effect of tax system characteristics on cross-border M&As is more limited. Cross-border M&As have substantial tax implications for both the acquiring firm and the target firm. Because firms evaluate investments based on expected after-tax returns, I expect that managers consider potential tax savings or costs in making investment decisions across tax jurisdictions. In this study, I use hand-collected country-year-level tax system characteristics to examine tax determinants of the volume and direction of cross-border M&As. I find that tax system characteristics such as controlled foreign corporation provisions, thin capitalization provisions, and the presence of a worldwide versus territorial regime have a significant effect on cross-border M&A activity.


2017 ◽  
Vol 07 (03) ◽  
pp. 1750009 ◽  
Author(s):  
Leonard Kostovetsky

I investigate the effect of labor market competition from hedge funds on the mutual fund industry. I find evidence of an increasing flight of top-performing young managers from mutual funds, a drop in mutual fund returns, and deterioration in recruiting standards. These findings are not explained by differences in fund characteristics, risk loadings, fund styles, or the intervening dot-com bubble. The results suggest that industry-specific government regulations, especially ones focused on employee compensation, can lead to brain drains that have crippling effects on the health of the regulated sector.


Previous studies have found that smuggling is the economic activity of Malay traders on the borders of Malaysia - Thailand which is easy, cheap, fast, and does not need to comply with complex regulations. Rantau Panjang town, Pengkalan Kubor, Tak Bai and Narathiwat are among the locations of two countries that involved in smuggling among entrepreneurs, wholesalers, and retailers. This problem has been a major issue for the Enforcement and Legislation Unit, the Royal Customs and Excise Department, the Immigration Department and the Royal Malaysian Police in managing the controls and actions along this border. Hence, the objective of this study is to review the perception of Malay traders in Rantau Panjang and Pengkalan Kubor on the importance of entrepreneurial concepts as a healthy practice in their business. Using AIDA Model, this study covers Malay traders in Rantau Panjang and Pengkalan Kubor as respondents. This study conducted a structured interview to measure the respondents’ perception in terms of their way of thinking, attitude and entrepreneurial culture. The findings of this study showed that their entrepreneurial perspective focuses on the level of observation and interest, and they are less likely to improve their entrepreneurial desire as an entrepreneur. In fact, this finding also shows that entrepreneurial thinking, attitudes and culture are decreasing. This shows that most Malay traders on the Malaysia - Thailand border are small traders that still have to deal with market competition and unsystematic business chains, causing them to be bounded with smuggling activities in their businesses. In conclusion, this study shows that there are still many Malay traders on the border that lack of understanding of entrepreneurial concepts in their business as discussed earlier by entrepreneurial thinkers and researchers.


2020 ◽  
Vol 7 (4) ◽  
pp. 13
Author(s):  
Xianglin He

"White Rabbit" toffee is a traditional Chinese brand with high reputation that bears the good memories of Chinese people. Facing fierce market competition, "White Rabbit" shares user groups with other related or complementary brands through cross-border marketing. Meet the diverse and personalized needs of consumers; use fashion, art, entertainment and other elements to enrich the brand ’s connotation, and increase brand influence and added value; while innovating and changing, finely control the quality and rhythm of brand cross-border marketing and always maintain their brand identity and brand advantage. Through these measures, the "White Rabbit" old-fashioned brand calmly crossed the development bottleneck and gained new life, and the development path explored has brought a lot of inspiration to other old-fashioned brands and brand cross-border marketing strategies.


2016 ◽  
Vol 32 (9) ◽  
pp. 39-42
Author(s):  
Ying Xiao ◽  
Mark Thomas

Purpose The purpose of this article is to outline the reasons for the success of the Chinese HNA Group in the development of its international strategy. Design/methodology/approach The article adopts a critical single case study method approach. Findings The HNA Group has been highly successful using cross-border merger and acquisitions (M&As) as a platform for growth. However, Chinese companies are facing more difficulties compared to their international competitors in cross border M&A deals and are paying a higher premium for that. Even HNA Group, a veteran player in the international capital market, may not be exempted from the skeptics toward China money. Originality/value The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.


2014 ◽  
Vol 40 (2) ◽  
pp. 277-298 ◽  
Author(s):  
A. N. Bany-Ariffin ◽  
Mohamad Hisham ◽  
Carl B. McGowan

2019 ◽  
Vol 8 (9) ◽  
pp. e30891295
Author(s):  
Nurianto RS ◽  
Ahmad Fata’al Chuzaibi

Economic sector is one of public welfare benchmarks as outlined in the opening of the 4th paragraph of the 1945 Constitution, namely the welfare of the nation's life. In the current economic development, it has triggered the importance of investment for Indonesia to be able to compete in the realm of global market competition. But the dependence on foreign investment will be a boomerang for Indonesia. Thus, this study is aimed to find out the investment law regulate by Government in Indonesia. Afterward, normative approach relating to foreign investment in Indonesia will be described as method in this study. Based on the study, it was concluded that with the existence of Law Number 25/2007 concerning investment and various implementing regulations, it was one form of government action concerned with the development of the investment sector. Therefore, the regulation can provide legal protection for both Indonesian citizens and foreign investors.


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