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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19066| Title: | Cross-border mergers and acquisitions : on revealed comparative advantage and merger waves |
| Keywords: | L13 F12 F10 ddc:330 comparative advantage cross border mergers and acquisitions merger waves general oligopolistic equilibrium model Multinationales Unternehmen Fusion Übernahme Komparativer Kostenvorteil Oligopol Allgemeines Gleichgewicht Schätzung Welt |
| Issue Date: | 16-Oct-2013 |
| Description: | By combining two large data sets (on international trade flows and on mergers and acquisitions – M&As), we are able to test two implications of Neary?s (2003, 2004a) recent theoretical work. Analyzing M&As in a General Oligopolistic Equilibrium (GOLE) model incorporating strategic interaction between firms in a general equilibrium setting, we argue that: (i) M&As follow revealed comparative advantage as measured by the Balassa index, and (ii) M&As come in waves. We find convincing support for both hypotheses, thus showing for the first time that there is an empirical connection between export performance and mergers and acquisitions |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19066 |
| Other Identifiers: | http://hdl.handle.net/10419/19066 ppn:503766844 |
| Appears in Collections: | EconStor |
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