Cross-Border Mergers & Acquistions and the Role of Trade Costs  | Subtitle :
Abstract :
Cross-border mergers and acquisitions (M&As) have increased dramatically over the last two decades. his paper analyses the role of trade costs in explaining the increase in then umber 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 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.
Registration No : B1350
Author :
Centre for Economic Policy Research
Edition :
Impresum : London: CEPR, 2007
Description :
Language : English
ISBN
Classification:
1. 200 - ECONOMIC COMMUNITY / 240.1 - COMPETITIVE ECONOMIC - Competition Policy
Keyword :
1 trade
2 cross
Availability :
Hard copies 1 of 1
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