Firm-productivity and cross border merger
Küçük Resim Yok
Tarih
2021
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Wiley
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
We examine whether higher productivity of a foreign firm increases the incentive for a cross border merger, which is a dominant form of foreign direct investment in recent decades. In line with the empirical evidence, we show that the relationship between productivity of a foreign firm and cross border merger is mixed. We show that the market concentration effect plays an important role in determining the relationship and provides a rationale for a generally ignored empirical evidence showing a negative relationship between firm-productivity and cross border merger. Our results hold under both Cournot and Bertrand competition.
Açıklama
Anahtar Kelimeler
Horizontal Mergers, International Mergers, Trade Liberalization, Entry, Fdi, Performance, Competition, Investment, Export, Heterogeneity
Kaynak
Review Of International Economics
WoS Q Değeri
Q4
Scopus Q Değeri
Q2
Cilt
29
Sayı
4
