@misc{10481/95034,
year = {2022},
url = {https://hdl.handle.net/10481/95034},
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 is 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.},
publisher = {Springer},
keywords = {M&A},
keywords = {Gravity},
keywords = {border effect},
title = {The border effect on mergers and acquisitions},
doi = {https://doi.org/10.1007/s00181-021-02050-2},
author = {Carril Caccia, Federico and Garmendia Lazcano, Aitor and Minondo, Asier},
}