Blonigen, Bruce A.; Fontagné, Lionel; Sly, Nicholas; … - In: Journal of International Economics 94 (2014) 2, pp. 341-357
This paper develops a model of cross-border M&A activity that features firm-level productivity shocks and endogenous … high productivity levels that induced them to invest in large export networks several years prior to acquisition, but … subsequently experienced a negative productivity shock (i.e., cherries for sale). From the theory we derive a dynamic panel binary …