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Test of the Strategic Market-Entry Hypothesis: Evidence from Corporate Governance in Vietnam

In: Recent Developments in Vietnamese Business and Finance

Author

Listed:
  • Huu Man Dang
  • Duong Viet Anh Hoang
  • Thuy Dung Le
  • Phuong Uyen Le

Abstract

This study tests the strategic market-entry hypothesis by examining the acquisition location decisions (domestic vs. cross-border) of acquirers in the Vietnamese mergers and acquisitions market through the lens of corporate governance quality. Using a comprehensive dataset of target firms listed on Vietnamese exchanges, this study finds that cross-border firms prefer target firms with good corporate governance that enable them to quickly adapt to markets and reduce information asymmetry and differences of accounting practices, cultures, and legal frameworks. This result supports the view that cross-border acquisitions provide a method of strategic entry into foreign markets.

Suggested Citation

  • Huu Man Dang & Duong Viet Anh Hoang & Thuy Dung Le & Phuong Uyen Le, 2021. "Test of the Strategic Market-Entry Hypothesis: Evidence from Corporate Governance in Vietnam," World Scientific Book Chapters, in: Dong Phong Nguyen & Xuan Vinh Vo & Viet Tien Ho & Mai Dong Tran (ed.), Recent Developments in Vietnamese Business and Finance, chapter 1, pages 3-26, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811227158_0001
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    More about this item

    Keywords

    Vietnam; Business; Finance; Economy; Economics; Banking; Gender Equality; Management; Business Research;
    All these keywords.

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • F3 - International Economics - - International Finance
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

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