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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/4048| Title: | Cross-border mergers & acquisitions and the role of trade costs |
| Keywords: | F02 F15 F21 F23 ddc:330 Direktinvestition Übernahme Außenhandelsbeschränkung Volkswirtschaftlicher Schaden OECD-Staaten |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Centre for Economic Policy Research, London |
| Description: | Cross-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 the number of cross-border mergers and acquisitions. In particular, we distinguish horizontal and non-horizontal M&As and investigate whether trade costs 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. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/4048 |
| Other Identifiers: | Discussion paper Centre for Economic Policy Research, London 6397 http://hdl.handle.net/10419/4048 ppn:53981220X |
| Appears in Collections: | EconStor |
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