01875cas a2200265 a 4500 AALejournalIMF015901 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513512556 1018-5941 BD-DhAAL BD-DhAAL Didier, Tatiana. Network Determinants of Cross-Border Merger and Acquisition Decisions / Tatiana Didier, Sebastian Herrador, Magali Pinat. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (43 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper assesses whether cross-border M and A decisions exhibit network effects. We estimate exponential random graph models (ERGM) and temporal exponential random graph models (TERGM) to evaluate the determinants of cross-country M and A investments at the sectoral level. The results show that transitivity matters: a country is more likely to invest in a new destination if one of its existing partners has already made some investments there. In line with the literature on export platforms and informational barriers, we find a sizable impact of third country effects on the creation of new investments. This effect is sizable and larger than some of the more traditional M and A determinants, such as trade openness. Mode of access: Internet Herrador, Sebastian. Pinat, Magali. IMF Working Papers; Working Paper ; No. 2019/264 Full text available on IMF http://elibrary.imf.org/view/journals/001/2019/264/001.2019.issue-264-en.xml IMF e-Library