학술저널
The Impact of European Integration on the Nineties’ Wave of Mergers and Acquisitions
The Impact of European Integration on the Nineties’ Wave of Mergers and Acquisitions
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제21권 제3호
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2006.09427 - 446 (20 pages)
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The present paper applies a gravity model with fixed country effects to M&A flows on a sample of 1215 pairs of countries over the 1998-2001 period, to test the impact of European integration. That model, which had to our knowledge not been applied to M&A flows so far, allows us to observe that the participation of two countries in the process of European integration is associated with a smaller negative impact of distance on those countries` bilateral M&A flows. We observe no such effect for the EMU however.
Ⅰ. Introduction
Ⅱ. M&As and European Integration in the Nineties: Some Facts
Ⅲ. Methodology and data
Ⅳ. Results
Ⅴ. Conclusion
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