international economic institutions, in particular the WTO. On a theoretical level, the paper distinguishes different notions of … legitimacy and democracy in order to identify which aspects of democratic legitimacy of global economic governance can be … (PNoWB) as two examples of such transnational parliamentarization. Drawing on the theory of deliberative democracy the paper …

We study how differences in democracy influence cross-border mergers and share price reactions to cross-border deal … countries with weaker democratic institutions attract cross-border deals. The effect of democracy is higher if the target …

influence on international merger activity because they are conducive to better corporate governance standards. Further … economic development. Our findings imply that democracy is an important, omitted determinant of cross-border mergers …