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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/10011374427
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association with post-merger patenting is mainly driven by patents invented in the countries of the acquirers headquarter and its … more than 60%. Accounting for endogeneity of international acquisitions by estimating dynamic count data models and …
Persistent link: https://www.econbiz.de/10009667478
international acquisitions on various outcomes at target firm and product level. We apply recent methodological advances in the …
Persistent link: https://www.econbiz.de/10011548253
FDI is an important channel for productivity spillovers across economies. But productivity and employment effects of cross-border mergers and acquisitions (M&A) on multinational firms are rather unclear and much disputed. We empirically analyze the effects of cross-border M&A on the performance...
Persistent link: https://www.econbiz.de/10008747562
Using a detailed and large data set on cross-border merger and acquisitions we discuss the relationship between theory …-seeking', (iii) M&As come in waves (the most recent wave is still unfolding), (iv) economic integration (international deregulation … stylized facts drive and should drive recent theoretical contributions in the field of international economics that try to …
Persistent link: https://www.econbiz.de/10003398717
Using a detailed and large data set on cross-border merger and acquisitions we discuss the relationship between theory …-seeking', (iii) M&As come in waves (the most recent wave is still unfolding), (iv) economic integration (international deregulation … stylized facts drive and should drive recent theoretical contributions in the field of international economics that try to …
Persistent link: https://www.econbiz.de/10013317375
Persistent link: https://www.econbiz.de/10011808409
In contrast to empirical evidence, recent theories of cross-border mergers and acquisitions (M&As) assume perfect knowledge transfers - from high to low productivity firms - between acquirer and target. Using the Melitz (2003) model of heterogeneous firms, we develop a matching model of...
Persistent link: https://www.econbiz.de/10011862878