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 …

ownership increases the probability that a merger deal is cross-border, successful, and the bidder takes full control of the … hypothesis that foreign institutional investors act as facilitators in the international market for corporate control; they build …

ownership increases the probability that a merger deal is cross-border, successful, and the bidder takes full control of the … hypothesis that foreign institutional investors act as facilitators in the international market for corporate control; they build …