The border effect on mergers and acquisitions

dc.contributor.author	Carril Caccia, Federico
dc.contributor.author	Garmendia Lazcano, Aitor
dc.contributor.author	Minondo, Asier
dc.date.accessioned	2024-09-25T07:43:51Z
dc.date.available	2024-09-25T07:43:51Z
dc.date.issued	2022
dc.identifier.citation	Carril-Caccia, Federico, Aitor Garmendia-Lazcano, and Asier Minondo. "The border effect on mergers and acquisitions." Empirical Economics 62.3 (2022): 1267-1292.	es_ES
dc.identifier.uri	https://hdl.handle.net/10481/95034
dc.description.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.	es_ES
dc.language.iso	eng	es_ES
dc.publisher	Springer	es_ES
dc.relation.ispartofseries	62;3
dc.subject	M&A	es_ES
dc.subject	Gravity	es_ES
dc.subject	border effect	es_ES
dc.title	The border effect on mergers and acquisitions	es_ES
dc.type	journal article	es_ES
dc.rights.accessRights	embargoed access	es_ES
dc.identifier.doi	https://doi.org/10.1007/s00181-021-02050-2
dc.type.hasVersion	AM	es_ES