Participation motivation and financing approach of small and medium enterprises in mergers and acquisitions in Vietnam from the viewpoint of intermediaries
Abstract
Mergers and Acquisitions (M&A) activities have increasingly become popular in both
developed and developing countries. It is also an attractive topic for researchers to exploit in
various sectors such as business, economies or finance. However, activities of Small and
Medium Enterprises (SMEs) in M&A activities for a long time have not been sufficiently studied
to provide the complete picture of what has been really, particularly in the developing market
like Vietnam. The study employs semi-structured in-depth interviews with experts who have
worked for years in the M&A sector to explore the participation motivation of both buy side and
sell side of M&A activities. In addition, through the interviews, the study attempts to explain
how firms finance their M&A deals. The collected data then will be content-analyzed to reflect
the study‟s expectations based on the theories and practices reviews. In addition, limitations and
recommendations are given in the hope that the M&A performance in Vietnamcan be improved
in the future.