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Cross-border mergers and acquisitions (M&As) have increased dramatically over the last two decades. This paper analyses the role of trade costs in explaining the increase in both the number and the value of cross-border mergers and acquisitions. In particular, we distinguish horizontal and...
Persistent link: https://www.econbiz.de/10010332952
The creation of the European Monetary Union (EMU) created the conditions for increased trade and economic growth for the member countries. The initial hypothesis regarding the impact of euro launch in terms of Foreign Direct Investment (FDI) inflows was that monetary integration will affect...
Persistent link: https://www.econbiz.de/10011725320
The current level of trade and investment flows between the EU and Indonesia, ASEAN’s largest economy, does not represent a real proof of the bilateral relations strategic nature. The objective of our paper resides in the substantiation of the relevance of this relationship for each of the two...
Persistent link: https://www.econbiz.de/10011106082
The creation of the European Monetary Union (EMU) created the conditions for increased trade and economic growth for the member countries. The initial hypothesis regarding the impact of euro launch in terms of Foreign Direct Investment (FDI) inflows was that monetary integration will affect...
Persistent link: https://www.econbiz.de/10011265735
A growing strand of literature highlights that skilled migration may favour growth-enhancing technology transfer, trade and foreign direct investments between the source and the host economies of migrants (network effects). We explore a specific channel through which the possible \"diaspora...
Persistent link: https://www.econbiz.de/10004962221
Regional integration affects location decisions of MNCs and therefore influences each member country’s provision of investment incentives, which in turn may trigger relocation. As a consequence, subsidy competition increases as integration proceeds. We analyze the welfare consequences of this...
Persistent link: https://www.econbiz.de/10005086722
Cross-border mergers and acquisitions (M&As) have increased dramatically over the last two decades. This paper analyses the role of trade costs in explaining the increase in the number of cross-border mergers and acquisitions. In particular, we distinguish horizontal and non-horizontal M&As and...
Persistent link: https://www.econbiz.de/10005067607
Since 1989 Austria's investment activities in Central and Eastern Europe has intensified. Investments are concentrated in adjacent countries. Geographical proximity and close historical and cultural ties have enabled even small and medium-sized Austrian enterprises to achieve a 'first mover...
Persistent link: https://www.econbiz.de/10005817160
We model subsidy competition for a foreign MNC’s investment in two potential PTA partners. Taking into account acquisitions as an alternative investment mode weakens the case for subsidising greenfield investment. Competition between countries results in welfare losses, even more so if...
Persistent link: https://www.econbiz.de/10005738248
Historically, FDIs have long been considered as an alternative means for firms to internationalize. According to this line of thought, a substitution relationship between exports and FDIs would be expected. However, recent developments in new trade theory, emphasize that exports and FDIs can be...
Persistent link: https://www.econbiz.de/10008528386