Inbound Cross-border Mergers and Acquisitions in Australian Agrifood Manufacturing: Macro and Industry Determinants


Shauna Phillips, Agricultural and Resource Economics, Faculty of Agriculture and Environment, University of Sydney, NSW, 2006, Australia. Email:


In this study, determinants of cross-border mergers and acquisitions in Australian agrifood are empirically investigated. No evidence in support of exchange rate-FDI linkages is found, but significance of relative tax rates when brand assets are transferred is apparent. Wave-like patterns in merger and acquisition activity at the sector and industry level emerge as determining factors, with sector waves dominant.