EconStor >
Institut für Weltwirtschaft (IfW), Kiel >
Publikationen von Forscherinnen und Forschern des IfW >

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 PDF Logo
Authors:Görg, Holger
Hijzen, Alexander
Manchin, Miriam
Issue Date:2007
Series/Report no.:CEPR Discussion Paper Series, Centre for Economic Policy Research (CEPR), London 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

Files in This Item:
File Description SizeFormat
53981220X.pdf324.3 kBAdobe PDF
No. of Downloads: Counter Stats
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.