• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
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HOME > Archive > 2026 > Volume 14 Number 2 (2026) >
JOEBM 2026 Vol.14(2): 104-108
DOI: 10.18178/joebm.2026.14.2.917

Impact of Financial Statement Comparability on Cross-Border M&A: A Conceptual Framework Based on Institutional and Policy Environments

Manyu Wu
Manyu Wu
Faculty of Economics, Kyushu University, Fukuoka, Japan
Email: wu.manyu.109@m.kyushu-u.ac.jp

Manuscript received January 3, 2026; accepted April 1, 2026; published June 12, 2026.

Abstract—Cross-border Mergers and Acquisitions (M&A) have become a dominant form of foreign direct investment, yet they are characterized by high uncertainty and significant failure rates. This study develops a comprehensive conceptual framework to examine how financial statement comparability influences cross-border M&A outcomes under varying institutional and policy environments. Drawing on prior literature and policy-based insights, this paper identifies three core mechanisms: the information environment mechanism, the risk mitigation mechanism, and the institutional moderation mechanism. Furthermore, the study proposes testable hypotheses linking comparability to decision quality and post-merger outcomes. By integrating accounting information characteristics with institutional theory, this study contributes to bridging accounting and international business literature and provides a structured theoretical foundation for future empirical research on cross-border M&A under heterogeneous institutional environments.
 
Keywords—financial statement comparability, cross-border Mergers and Acquisitions (M&A), institutional environment, information asymmetry, policy framework

Cite: Manyu Wu, "Impact of Financial Statement Comparability on Cross-Border M&A: A Conceptual Framework Based on Institutional and Policy Environments," Journal of Economics, Business and Management, vol. 14, no. 2, pp. 104-108, 2026.

Copyright © 2026 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).
 

 

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