Red tape roadblocks on M&As: Emerging economies’ regulators as a source of inefficiency

Cai, Catherine; Kamasak, Rifat; Bozcuk, Aslihan

Abstract

The regulatory agencies are critical in addressing the competition and ethical concerns in M&A transactions. Thus, they should not prolong the duration of an M&A deal while performing their duties since adverse rulings by courts and regulatory agencies can deter deal completion and result in operational and financial consequences. Drawing on Thomson SDC Mergers and Zephyr databases, this chapter empirically shows how regulatory agencies prolong the M&A deal duration of Brazilian acquirers. Their study finds a positive association between the involvement of regulatory agencies and prolonged M&A deal durations in emerging economies.

• Online Publication Date: Apr 17, 2025
• Publication Date: 2025
• Deposit Date: Apr 21, 2025
• Publisher: Springer (part of Springer Nature)
• Peer Reviewed: Peer Reviewed
• Pages: 155-182
• Series Title: CSR, Sustainability, Ethics & Governance
• Series ISSN: 2196-7075
• Edition: 1
• Book Title: Global Perspectives on Climate Change, Inequality, and Multinational Corporations
• ISBN: 9783031807961
• DOI: https://doi.org/10.1007/978-3-031-80797-8_7
• Public URL: https://uwe-repository.worktribe.com/output/14319622
• Publisher URL: https://link.springer.com/book/10.1007/978-3-031-80797-8
• Additional Information: First Online: 17 April 2025