Location Advantages, Governance Quality, Stock Market Development And Firm Characteristics As Antecedents Of African M&As
By Abongeh A. Tunyi, Collins G. Ntim Abstract This study explores firm- and country-specific antecedents of African M&As. We use one of the largest datasets to-date, consisting of 1490 unique African firms (11,183 firm-year observations) from 1996 to 2012 from 15 African countries. Our results suggest that improvements in time-varying country-level factors, including location advantages (market size, human capital and … Read more