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firm in another country (target) when the industry is vertically related. Absent any merger incentives in an autarkic … pre-merger competition among the disintegrated firms is relatively intense but, otherwise, the initial target will be a …
Persistent link: https://www.econbiz.de/10010688165
international merger waves, in the process encouraging countries to specialise and trade more in accordance with comparative …
Persistent link: https://www.econbiz.de/10010954392
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/10011272628
By combining two large data sets (on international trade flows and cross-border mergers and acquisitions – M&As), we … interaction between firms in a general equilibrium setting). In terms of economic importance, the dominant merger wave variable is … a positive global-all effect, indicating that M&A waves are an economy-wide, global phenomenon. Country-specific merger …
Persistent link: https://www.econbiz.de/10011255575
By combining two large data sets (on international trade flows and cross-border mergers and acquisitions – M&As), we … interaction between firms in a general equilibrium setting). In terms of economic importance, the dominant merger wave variable is … a positive global-all effect, indicating that M&A waves are an economy-wide, global phenomenon. Country-specific merger …
Persistent link: https://www.econbiz.de/10005016270
This paper endogenizes the extent of intra-sectoral competition in a multi-sectoral general-equilibrium model of oligopoly and trade. Firms choose capacity followed by prices. If the benefits of capacity investment in a given sector are below a threshold level, the sector exhibits Bertrand...
Persistent link: https://www.econbiz.de/10010610470
Standard international trade lectures normally comprises three central theories: the Ricardian Model, the Heckscher …
Persistent link: https://www.econbiz.de/10008498440
Standard international trade lectures normally comprises three central theories: the Ricardian Model, the Heckscher …
Persistent link: https://www.econbiz.de/10008472094
This paper endogenises the extent of intra-sectoral competition in a multi-sectoral model of oligopoly in general equilibrium. Firms choose capacity followed by prices. If the benefits of capacity investment in a given sector are below a threshold level, the sector exhibits Bertrand behaviour,...
Persistent link: https://www.econbiz.de/10005124326
Most FDI takes place between the developed countries, which suggests that the market-seeking motive is important for understanding FDI. However, given the stylized fact that trade barriers (e.g. transportation costs and financial barriers) have declined over the past 20 years, models that aim to...
Persistent link: https://www.econbiz.de/10005094463