Purpose: The cultural and legal differences between foreign acquirers and African target firms can be substantial. There is also a large variation in cultures and legal systems within Africa. However, there is limited research on merger and acquisition (MA by being the first study of the legal spillover effects in Africa; and by being the most extensive study of the legal determinants of the valuations of non-African acquirers of African firms.

中文翻译：

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非洲的并购——法律和治理的影响

目的：外国收购者与非洲目标公司之间的文化和法律差异可能很大。非洲内部的文化和法律制度也存在很大差异。然而，对并购的研究有限（MA 是对非洲法律溢出效应的第一个研究；并且是对非洲公司的非非洲收购者估值的法律决定因素的最广泛研究。