Merger and acquisitions (M&As) have been an important tool for reorganizing the European market since the establishment of European Economic and Monetary Union. This paper suggests that European integration helped and encouraged European firms to source technology across national borders in...

National borders continue to be strong barriers for mergers and acquisitions in Europe. Using regional data, we construct a gravity model and find that the restraining impact of national borders decreased by more than 20 percent between 1991 and 2007. However, no significant change has occurred...

The German central bank, Deutsche Bundesbank, conducted monetary targeting until the end of the year 1998. By the announcement of a monetary target, the central bank wanted to inform the public of its monetary stance. If the information-transmisson process has been successful, I checked by the...

Technological change is often hypothesized as one of the main drivers of merger activities. This paper analyzes the role of technology in mergers and acquisitions (M&As) at the firm level. Based on a newly created data set that combines financial information and patent data for public firms in...

National borders continue to be strong barriers for mergers and acquisitions in Europe. Using regional data, we construct a gravity model and find that the restraining impact of national borders decreased by more than 17 percent between 1991 and 2007. However, no significant change has occurred...

As, in Europe, many institutional reforms have been undertaken to establish an economic union, it can be expected that the relevance of borders has decreased over time. For the EU 15, we investigate the expected integration process of the market for corporate control - an illustrative market for...