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National borders are still strong barriers for mergers and acquisitions in Europe. We estimate a gravity equation model based on NUTS 2-regions and find that the restraining impact of national borders decreased by about a third between 1990 and 2007. However, there has been no significant change...
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The purpose of this report is to contribute to the analysis of two questions. Should a merger control system take into … theoretical and empirical studies of mergers and merger control. Next, we review the current legal practice in seven OECD … jurisdictions. Finally, we propose a merger control system, emphasising the central role of informational limitations. Based on our …
Persistent link: https://www.econbiz.de/10010335109
Drawing on the OECD's structural analysis (STAN) database, this paper contributes to the understanding of European economic growth through a decomposition into employment and productivity, across sectors, and across different time periods and countries. The US productivity surge from the...
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Cross-border mergers and acquisitions (M&As) sharply increased over the last two decades. It is often pointed out that cross-border capital reallocation is partly the result of financial liberalization policies, government policies and regional agreements. In this paper, we identify some of the...
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Although there is anecdotal evidence that merger control may constitute a barrier to the integration of European retail … dataset on the transparency on merger control in the EU banking sector, we estimate the probability that a bank is taken over … as a function of its characteristics, country characteristics and the transparency of merger control in the banking …
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, products or other valuable resources of the target firm. Given this heterogeneity of takeover motivations and the skewness of … the distribution of the deal value we show whether and how the importance of different takeover motivations changes along …
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