Management and Marketing - Research Publications

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Exploring Home-Regionalisation: The Case of Cross-Border M&A

Sammartino, A ; Osegowitsch, T ; Kostova, T ; Kiyak, T (Academy of International Business (AIB), 2010)

This paper explores the home region bias of multinational corporations. We utilise a new dataset of more than 64,000 merger and acquisition (M&A) transactions from across the globe over a 19-year period. We demonstrate a very strong home country bias on the part of firms, and a substantially weaker, but still important home region bias. Nevertheless, MNCs appear far from home region-bound, and M&As appear an effective and increasingly utilised strategic mechanism for building and complementing firm-specific advantages within and across regions.