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National Versus International Mergers and Trade Liberalization

Yildiz, Halis Murat - 2003

This paper uses an endogenous merger formation approach in a concentrated international oligopoly to examine the … effects of trade liberalization on the nature of merger incentives (national vs. international). The effects of unilateral …. If the other country practices free trade, unilateral liberalization by a country yields international mergers whereas if …

Persistent link: https://www.econbiz.de/10011325079

The trade and welfare effects of mergers in space

Egger, Hartmut; Egger, Peter - 2008

This paper analyzes the consequences of cross-border mergers in a spatial framework, thereby distinguishing three channels of influence: a price increase due to the elimination of product market competition, an adjustment in plant location which reduces overall transportation cost expenditures,...

Persistent link: https://www.econbiz.de/10010264303

Institutionelle Rahmenbedingungen für internationale M&A-Transaktionen: auf dem Weg zu einem globalen Fusionskontrollregime?

Budzinski, Oliver; Aigner, Gisela - 2004

Persistent link: https://www.econbiz.de/10010265749

Countries of a Feather flock together

van Marrewijk, Charles; Garita, Gus - 2008

We analyze the economic forces underlying cross-border Mergers and Acquistions (M&As) using a large bilateral panel data set. The frequent occurrence of zero observations provides essential information on the structure of M&A flows, which we model empirically using a two-stage procedure. At the...

Persistent link: https://www.econbiz.de/10010325980

Capital Gains Taxation and the Cost of Capital: Evidence from Unanticipated Cross-Border Transfers of Tax Bases

Huizinga, Harry; Voget, Johannes; Wagner, Wolf - 2012

In a cross-border takeover, the tax base associated with future capital gains is transferred from target shareholders to acquirer shareholders. Crosscountry differences in capital gains tax rates enable us to estimate the discount in target valuation on account of future capital gains. A one...

Persistent link: https://www.econbiz.de/10010326290