|
EconStor >
Institut für Weltwirtschaft (IfW), Kiel >
Economists Online >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/4048
|
| | |
| Title: | | Cross-border mergers & acquisitions and the role of trade costs  |
| Authors: | | Görg, Holger Hijzen, Alexander Manchin, Miriam |
| Issue Date: | | 2007 |
| Citation: | | [Series:] Discussion paper [Editor:] Centre for Economic Policy Research, London [No.:] 6397 |
| Series/Report no.: | | CEPR Discussion paper series / Centre for Economic Policy Research 6397 |
| Abstract: | | 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. |
| JEL: | | F02 F15 F21 F23 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Economists Online
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/4048
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|