This paper determines the effect of ownership structure, governance mechanisms, and legal systems on long term operating performance of acquiring firms in emerging countries. The current work investigates the performance of sixty-nine merger and acquisition deals in emerging market countries....

This study performs a cross-country comparison by examining the large samples of merger and acquisition (M&A) activity in emerging markets (EMs). The underlying purpose is to investigate how market investors react to the M&A deals conducted by acquiring firms with different degrees of corporate...