Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/227663
Authors: 
Gregori, Wildmer Daniel
Nardo, Michela
Year of Publication: 
2020
Series/Report no.: 
JRC Working Papers in Economics and Finance No. 2019/15
Abstract: 
This study sheds light on the effect of restrictive policies, such as screening mechanisms, on mergers and acquisitions (M&A) flows into EU Member States in the period 2011-2018, by implementing an augmented gravity model. The results show that different restrictive measures affect cross-border investments unequally, and that the presence of screening mechanisms per se does not negatively affect cross-border investments. When we perform the analysis by sector, results suggest that cross-border investments in manufacturing and non-financial services are negatively by restrictive measures, such as restrictions on foreign personnel being employed in key positions, or restriction on the establishment of branches, land acquisition or profit and capital repatriations.
Subjects: 
cross-border investment
M&A
EU
FDI
statutory restrictions
gravity model
JEL: 
F15
F21
G34
K20
Persistent Identifier of the first edition: 
ISBN: 
978-92-76-14322-2
Creative Commons License: 
https://creativecommons.org/licenses/by/4.0/
Document Type: 
Working Paper

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