Theoretical and Applied Economics
No. 3 / 2024 (640), Autumn
The relevance of theories of foreign direct investment to mergers and acquisitions in Africa
University of Johannesburg, South Africa
Abstract. There is no single theory that explains all the activities of multinational enterprises (MNEs). In this article, I briefly discuss selected theories relevant to developing countries and from a historical perspective. This theoretical literature review explains why international production takes place, explains the Mergers and Acquisitions (M&A) mode of entry for FDI, and demonstrates the relevance of the selected theories to M&A in Africa. The article concludes that developments in theories of FDI since the beginning of the 21st century no longer view FDI in aggregate form. To understand trends of FDI, researchers must draw from theories that consider entry mode-choice.
Contents
Evaluating the International Financial Reporting Standards (IFRS) adoption in developing countries: an institutional theory review
Analyzing the impact of oil price fluctuations on economic growth in Algeria: an empirical study
Impact of population cycle on income sharing pattern of a capitalistic society
Understanding users' behavioral intention to use artificial intelligence for personal financial management: an innovation diffusion theory approach
Financial stability and monetary policy rules: evidence from Tunisia
The transfer between the spending habits of different generations-a debate between retail and E-commerce
Planning for economic integration: addressing trade challenges posed by the Ukraine-Russia conflict in Europe
Dynamics of the interplay between economic complexity, governance and economic growth in the BRICS countries: a panel GMM approach
The relevance of theories of foreign direct investment to mergers and acquisitions in Africa
The impact of employment in industry on income inequality in Great Britain
Structural transformation, poverty, and inequality in emerging countries
How work works for the new generations?
Assessing the nexus between market openness and economic growth: an emerging market perspective
The relationship between access to electricity, CO2 emissions, and economic growth in BRICS
Social aspects of the informal economy: evidence from EU countries
Tracing the path: testing the environmental Kuznets Curve in Algeria using ARDL bounds testing
Dynamic interactions among selected world stock indices: a VAR approach
Boosting human capital: how the COVID-19 pandemic accelerated agile methodology adoption in software development
Do gold, oil and bitcoins possess safe heaven attributes in times of crisis? Empirical evidence using a wavelet-based time-frequency dependency approach from the pandemic to the Russia–Ukraine crisis
Financial contagion and the circular economy paradigm: opportunities and challenges for Romania
The circular economy in Romania: a bibliometric study of innovation and sustainable practices