| dc.creator |
Hijzen, Alexander |
|
| dc.creator |
Görg, Holger |
|
| dc.creator |
Manchin, Miriam |
|
| dc.date |
2006 |
|
| dc.date.accessioned |
2013-10-16T06:03:54Z |
|
| dc.date.available |
2013-10-16T06:03:54Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
urn:isbn:9279011839 |
|
| dc.identifier |
http://hdl.handle.net/10419/3803 |
|
| dc.identifier |
ppn:510170099 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/3803 |
|
| dc.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 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.language |
eng |
|
| dc.publisher |
Europ. Comm., Directorate-General for Economic and Financial Affairs Brussels |
|
| dc.relation |
European economy / Economic Papers 242 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
F02 |
|
| dc.subject |
F15 |
|
| dc.subject |
F21 |
|
| dc.subject |
F23 |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
mergers and acquisitions |
|
| dc.subject |
international trade |
|
| dc.subject |
trade costs |
|
| dc.subject |
gravity |
|
| dc.subject |
FDI |
|
| dc.subject |
Direktinvestition |
|
| dc.subject |
Übernahme |
|
| dc.subject |
Außenhandelsbeschränkung |
|
| dc.subject |
Volkswirtschaftlicher Schaden |
|
| dc.subject |
OECD-Staaten |
|
| dc.title |
Cross-border mergers and acquisitions and the role of trade costs |
|
| dc.type |
doc-type:workingPaper |
|