@misc{10481/94853,
year = {2020},
url = {https://hdl.handle.net/10481/94853},
abstract = {The present paper deals with how the insertion in international trade and global value chains (GVCs) of countries affects their capacity of attracting foreign mergers and acquisitions (M&As). To this end, we combine data for bilateral M&As and trade in value added for the period 2001–15 and estimate an augmented gravity equation. Results indicate that trade openness per se does not favour M&As. Nevertheless, bilateral free trade agreements, heterogeneity of destinations (sources) for exports (imports) of intermediate and final goods, and position and participation in global value chains are relevant for explaining bilateral M&As. Moreover, their role is significantly different depending on the level of development of the home and host countries.},
publisher = {Wiley},
keywords = {Fusiones y adquisiciones},
keywords = {Modelo de gravedad},
keywords = {Cadenas globales de valor},
title = {Mergers and acquisitions & trade: A global value chain analysis},
doi = {https://doi.org/10.1111/twec.12882},
author = {Pavlova, Elena and Carril Caccia, Federico},
}