Arbeitspapier
Cross-border mergers & acquisitions and the role of trade costs
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 the number of cross-border mergers and acquisitions. In particular, we distinguish horizontal and non-horizontal M&As and investigate whether trade costs affect these two types of mergers differently. We analyse this question using industry data for 23 OECD countries for the period 1990-2001. Our findings suggest that while in the aggregate trade costs affect cross-border merger activity negatively its impact differs importantly across horizontal and non-horizontal mergers. The impact of trade costs is less negative for horizontal mergers, which is consistent with the tariff-jumping argument.
- Sprache
-
Englisch
- Erschienen in
-
Series: CEPR Discussion Paper Series ; No. 6397
- Klassifikation
-
Wirtschaft
International Economic Order and Integration
Economic Integration
International Investment; Long-term Capital Movements
Multinational Firms; International Business
- Thema
-
Direktinvestition
Übernahme
Außenhandelsbeschränkung
Volkswirtschaftlicher Schaden
OECD-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Görg, Holger
Hijzen, Alexander
Manchin, Miriam
- Ereignis
-
Veröffentlichung
- (wer)
-
Centre for Economic Policy Research (CEPR)
- (wo)
-
London
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Görg, Holger
- Hijzen, Alexander
- Manchin, Miriam
- Centre for Economic Policy Research (CEPR)
Entstanden
- 2007
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