Cross-border mergers & acquisitions and the role of trade costs /
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-h...
| Κύριος συγγραφέας: | Hijzen, Alexander. |
|---|---|
| Corporate συγγραφέας: | European Commission : Directorate-General for Economic and Financial Affairs. |
| Άλλοι συγγραφείς: | Horg, Holger., Manchin, Miriam. |
| Μορφή: | Βιβλίο |
| Γλώσσα: | Greek English |
| Στοιχεία έκδοσης: |
Brussels- Belgium:
European Comission: Directorate-General for Economic and Financial Affairs,
2006.
|
| Σειρά: |
European Economy. Economic papers ;
242. |
| Διαθέσιμο Online: |
http://ec.europa.eu/economy_finance/publications/publication_summary829_en.htm |
| Ετικέτες: |
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| 100 | 1 | |a Hijzen, Alexander. | |
| 245 | 1 | 0 | |a Cross-border mergers & acquisitions and the role of trade costs / |c Hijzen A., Horg Holger, Manchin Miriam. |
| 260 | 0 | |a Brussels- Belgium: |b European Comission: Directorate-General for Economic and Financial Affairs, |c 2006. | |
| 300 | |a 33 σ.: |b πιν. |c 30 εκ. | ||
| 490 | 1 | |a European Economy. Economic papers ; | |
| 580 | |a Economic Papers | ||
| 520 | 0 | |a 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. | |
| 700 | 1 | |a Horg, Holger. | |
| 700 | 1 | |a Manchin, Miriam. | |
| 710 | 2 | |a European Commission : Directorate-General for Economic and Financial Affairs. | |
| 773 | 0 | 8 | |a Economic Papers |g February 2006, No 242. |
| 830 | |a European Economy. Economic papers ; |v 242. | ||
| 852 | |a INST |b UNIPILB |c KET |e 20090310 |p EEEP 242 |q EEEP 242 |t NOLOAN |y 23 |4 1 | ||
| 856 | 4 | 1 | |u http://ec.europa.eu/economy_finance/publications/publication_summary829_en.htm |