2016-03-182016-03-02http://hdl.handle.net/10784/8182This paper examines the impact of industrial productivity on transnationals M&As from OECD countries towards Latin American countries in the period 1996 to 2010. It also analyzes the relationship between external mechanism of corporate governance and transnational M&As. For this purpose we use a gravitational model at the industry level. We find that industry productivity and higher standards of corporate governance in the country of origin promote transnational M&As activity. However, it is also found that higher levels of capital and technological productivity decreases transnational M&As activity.engworkingPaperinfo:eu-repo/semantics/openAccessMergers and AcquisitionsIndustry ProductivityCorporate GovernanceAcceso abierto2016-03-18F30G34L21Cortés, Lina M.Durán, Iván A.Gaitan-Riaño, SandraVasco, Mateo