أعرض تسجيلة المادة بشكل مبسط

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


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أعرض تسجيلة المادة بشكل مبسط