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 …

overconfidence is related to a number of critical aspects of international merger activity. Overconfidence helps to explain the …This study examines the role that CEO overconfidence plays in an explanation of international mergers and acquisitions … number of offers made by a CEO, the frequency of diversifying acquisitions, and the use of cash to finance a merger deal …