Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/3803
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dc.creatorHijzen, Alexander-
dc.creatorGörg, Holger-
dc.creatorManchin, Miriam-
dc.date2006-
dc.date.accessioned2013-10-16T06:03:54Z-
dc.date.available2013-10-16T06:03:54Z-
dc.date.issued2013-10-16-
dc.identifierurn:isbn:9279011839-
dc.identifierhttp://hdl.handle.net/10419/3803-
dc.identifierppn:510170099-
dc.identifier.urihttp://koha.mediu.edu.my:8181/xmlui/handle/10419/3803-
dc.descriptionCross-border mergers and acquisitions (M&As) have increased dramatically over the last two decades. This paper analyses the role of trade costs in explaining the increase in both the number and the value of cross-border mergers and acquisitions. In particular, we distinguish horizontal and non-horizontal M&As and investigate whether distance and trade policy barriers affect these two types of mergers differently. We analyse this question using industry data for 23 OECD countries for the period 1990-2001. Our findings suggest that while in the aggregate trade costs affect cross-border merger activity negatively its impact differs importantly across horizontal and non-horizontal mergers. The impact of trade costs is less negative for horizontal mergers, which is consistent with the tariff-jumping argument.-
dc.languageeng-
dc.publisherEurop. Comm., Directorate-General for Economic and Financial Affairs Brussels-
dc.relationEuropean economy / Economic Papers 242-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.subjectF02-
dc.subjectF15-
dc.subjectF21-
dc.subjectF23-
dc.subjectddc:330-
dc.subjectmergers and acquisitions-
dc.subjectinternational trade-
dc.subjecttrade costs-
dc.subjectgravity-
dc.subjectFDI-
dc.subjectDirektinvestition-
dc.subjectÜbernahme-
dc.subjectAußenhandelsbeschränkung-
dc.subjectVolkswirtschaftlicher Schaden-
dc.subjectOECD-Staaten-
dc.titleCross-border mergers and acquisitions and the role of trade costs-
dc.typedoc-type:workingPaper-
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