A series of changes in India’s financial institutional regime led to waves of cross-border mergers and acquisitions (M&A) deals spanning various industries. In this article, we explore firm-level determinants that distinguish between early movers and followers in these waves. We tested our...

A faster pace of business-efficiency reforms in emerging economies creates a hyper-competitive business landscape, with global firms arriving with significantly better resources posing enormous challenges to incumbent firms. Using a data set of 55,068 firm-year observations from 37 nations...