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Cross-Border Mergers & Acquisitions : The Facts as a Guide for International Economics

Brakman, Steven; Garretsen, Harry; van Marrewijk, Charles - 2021

Using a detailed and large data set on cross-border merger and acquisitions we discuss the relationship between theory …

Persistent link: https://www.econbiz.de/10013317375

Source Versus Residence Based Taxation with International Mergers and Acquisitions

Becker, Johannes - 2009

This paper analyses tax competition and tax coordination in a model where capital flows occur in the form of mergers and acquisitions, rather than greenfield investment. In this framework, we show that differences in residence based taxes do not necessarily distort international ownership...

Persistent link: https://www.econbiz.de/10013153614

A Simple Model of Mergers and Innovation

Federico, Giulio - 2017

We analyze the impact of a merger on firms' incentives to innovate. We show that the merging parties always decrease … their innovation efforts post-merger while the outsiders to the merger respond by increasing their effort. A merger tends to … reduce overall innovation. Consumers are always worse off after a merger. Our model calls into question the applicability of …

Persistent link: https://www.econbiz.de/10012951696

Mergers and Partial Ownership

Foros, Øystein - 2010

In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find …

Persistent link: https://www.econbiz.de/10013148773

Tax Competition : Greenfield Investment Versus Mergers and Acquisitions

Becker, Johannes; Fuest, Clemens - 2021

In this paper, we analyze tax competition in a model where investor firms have the choice between two types of investment, greenfield investment and mergers and acquisitions. We show that the coexistence of these two types of investment intensifies tax competition in comparison to the case where...

Persistent link: https://www.econbiz.de/10013316566

A Model of Heterogeneous Firm Matches in Cross-Border Mergers & Acquisitions

Brakman, Steven - 2018

In contrast to empirical evidence, recent theories of cross-border mergers and acquisitions (M&As) assume perfect knowledge transfers – from high to low productivity firms – between acquirer and target. Using the Melitz (2003) model of heterogeneous firms, we develop a matching model of...

Persistent link: https://www.econbiz.de/10012914676

Order Invariant Tests for Proper Calibration of Multivariate Density Forecasts

Dovern, Jonas - 2018

new tests are applicable to densities of arbitrary dimensions and can deal with parameter estimation uncertainty and …

Persistent link: https://www.econbiz.de/10012916359

A Multivariate Long-Memory Model with Structural Breaks

Caporale, Guglielmo Maria; Gil-Alana, Luis A. - 2021

This paper introduces a multivariate long-memory model with structural breaks. In the proposed framework, time series exhibit possibly fractional orders of integration which are allowed to be different in each subsample. The break date is endogenously determined using a procedure which minimises...

Persistent link: https://www.econbiz.de/10013317169

Vertical Integration and Valuation of International Oil Companies

Misund, Bard - 2014

This paper studies financial statement information from the 50 largest international oil and gas companies during 1992 to 2011 and evaluates their relation to market values. In particular, we examine how this relationship is affected by accounting method choice (successful efforts versus full...

Persistent link: https://www.econbiz.de/10013043599

The Location of Cross-Border Mergers & Acquisitions in the USA

Brakman, Steven - 2015

The research on the location choice for Foreign Direct Investment (FDI) is traditionally restricted to a choice between countries. The within-country location choice is less prominent in the literature. If within-country location decisions are considered it is mostly limited to Greenfield...

Persistent link: https://www.econbiz.de/10013023112

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