Geography and Trade Drive Cross-Border Mergers, Boosting Global Business Growth.
Cross-border mergers between 1990 and 2007 were mostly done by private firms outside the US. Factors like geography, accounting transparency, and trade between countries increase the chances of mergers. Companies from countries with strong stock markets, appreciating currencies, and high market values are more likely to buy other firms, while those from weaker economies are often targets for acquisition.