Title: An overview of cross-border mergers and acquisitions for five countries
Abstract:textabstractCross border mergers and acquisitions (M&As) are the main force behind the surge in
foreign direct investment. Yet despite its obvious quantitative importance, the reasons
for cross border...textabstractCross border mergers and acquisitions (M&As) are the main force behind the surge in
foreign direct investment. Yet despite its obvious quantitative importance, the reasons
for cross border M&As are not well-understood. Two basic motives stand out: an
efficiency motive and a strategic motive. Efficiency gains arise because takeovers
increase synergy between firms that increase economies of scale or scope. Strategic
gains arise if M&As change the market structure, and thus competition and profits.
Together with Steven Brakman (University of Groningen) and Harry Garretsen
(Utrecht School of Economics) I am currently involved in research on the size and
structure of cross-border M&As, particularly their relationship with revealed
comparative advantage for five countries (Australia, France, the Netherlands, the
United Kingdom, and the United States). In this paper I restrict myself to providing an
overview of cross-border M&As.Read More
Publication Year: 2005
Publication Date: 2005-01-01
Language: en
Type: article
Access and Citation
Cited By Count: 2
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