The border effect on mergers and acquisitions
| dc.contributor.author | Carril Caccia, Federico | |
| dc.contributor.author | Garmendia-Lazcano, Aitor | |
| dc.contributor.author | Minondo, Asier | |
| dc.date.accessioned | 2024-11-14T14:53:03Z | |
| dc.date.available | 2024-11-14T14:53:03Z | |
| dc.date.issued | 2022-03 | |
| dc.date.updated | 2024-11-14T14:53:03Z | |
| dc.description.abstract | Using a firm-level dataset of more than 500,000 domestic and cross-border mergers and acquisitions (M&As) for 95 countries during the period 1995–2015, we measure the level and evolution of the border effect on M&As. We find that the number and value of M&As between same-country firms are five times larger than between firms of different countries. We show that the border effect on the number and value of M&As remained constant during the period. The border effect on M&As in the European Union is substantially lower than elsewhere. We find that the border effect is lower for large investors and firms operating in the primary industry and utilities. | en |
| dc.description.sponsorship | We gratefully acknowledge financial support from the Spanish Ministry of Science, Innovation and Universities (RTI2018-100899-B-I00, co-financed with FEDER), the Basque Government Department of Education, Language Policy and Culture (IT885-16), Junta de Andalucía (SEJ 340), and Generalitat Valenciana (GV/2020/012) | en |
| dc.identifier.citation | Carril-Caccia, F., Garmendia-Lazcano, A., & Minondo, A. (2022). The border effect on mergers and acquisitions. Empirical Economics, 62(3), 1267-1292. https://doi.org/10.1007/S00181-021-02050-2 | |
| dc.identifier.doi | 10.1007/S00181-021-02050-2 | |
| dc.identifier.eissn | 1435-8921 | |
| dc.identifier.issn | 0377-7332 | |
| dc.identifier.uri | http://hdl.handle.net/20.500.14454/1874 | |
| dc.language.iso | eng | |
| dc.publisher | Springer Science and Business Media Deutschland GmbH | |
| dc.rights | © The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature 2021 | |
| dc.subject.other | Border effect | |
| dc.subject.other | European Union | |
| dc.subject.other | Foreign direct investment | |
| dc.subject.other | Mergers and acquisitions | |
| dc.title | The border effect on mergers and acquisitions | en |
| dc.type | journal article | |
| dcterms.accessRights | metadata only access | |
| oaire.citation.endPage | 1292 | |
| oaire.citation.issue | 3 | |
| oaire.citation.startPage | 1267 | |
| oaire.citation.title | Empirical Economics | |
| oaire.citation.volume | 62 |