Growth Effects of Cross-border Mergers and Acquisitions in European Transition Countries
, oraz
22 gru 2016
O artykule
Data publikacji: 22 gru 2016
Zakres stron: 3 - 11
Otrzymano: 01 cze 2016
Przyjęty: 01 paź 2016
DOI: https://doi.org/10.1515/ngoe-2016-0019
Słowa kluczowe
© 2016
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.
This paper deals with the economic effect of cross-border mergers and acquisitions on GDP per capita in European transition countries for the 2000- 2014 period. Our analysis shows that cross-border mergers and acquisitions have a negative effect on GDP per capita in the current period, whereas their lagged level positively impacts output performance. We found that transition countries characterized by a higher quality of institutional setting have achieved a positive impact on GDP per capita.