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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...
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This article argues that the body of foreign direct investment (FDI) literature in general and the ownership, location … as drivers of FDI. We suggest that financial strategies involving factors such as debt/equity swaps or equity-listings in … foreign equity markets affect the firm's relative cost and availability of capital, and motivate a firm's engagement in FDI …
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We investigate the interaction between cross-border acquisitions and greenfield entry in a multi-firm setting. It is shown that the net profits of the acquirer may decrease when the acquisition gives the acquirer a strong position in the product market, relative to greenfield entrants. The...
Persistent link: https://www.econbiz.de/10010335194
direct investment; and inbound FDI growth surpassed that of the developing world during the decade 2001 - 2010. Yet foreign … (BTA), and regionally under the regional trade agreement (RTA). Under such scenarios, this study empirically assesses FDI … determinants with a specific focus on the FDI effects of BIT, BTA, and RTA as well as of factors pertaining to institutional …
Persistent link: https://www.econbiz.de/10011552008
After nearly a decade of profound economic changes and a market transformation, the countries in Central and Eastern Europe now face the challenge of development and sustainable growth. The development priorities include achieving a high income growth for their economies by raising investment...
Persistent link: https://www.econbiz.de/10011574273
This paper examines the relationship between Foreign Direct Investment (FDI) and per capita Gross Domestic Product (GDP … endoeneity-robust Generalised Method of Moments. Results show that the effect of FDI on per capita income in the Gulf Cooperation … countries, the financial openness policy in the Non-GCC countries have reduced the benefits of FDI on growth, this finding is …
Persistent link: https://www.econbiz.de/10011596351
world, after the USA, in terms of stock of inward Foreign Direct Investment (FDI). Sustained GDP growth, a high rate of … paper uses Panel Least Squares method to empirically analyze the impact of industrial sector FDI on Chinese regional … inequality during 2003-2013. The resulting analysis shows the connection between FDI in industrial sectors and regional …
Persistent link: https://www.econbiz.de/10012026492