Growth Effects of Cross-border Mergers and Acquisitions in European Transition Countries

Zvezdanović Lobanova Jelena (), Kračun Davorin () and Kavkler Alenka ()
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Zvezdanović Lobanova Jelena: Centre for Economic Research, Institute of Social Sciences, Serbia
Kračun Davorin: University of Maribor, Faculty of Economics and Business, Slovenia
Kavkler Alenka: University of Maribor, Faculty of Economics and Business, Slovenia

Naše gospodarstvo/Our economy, 2016, vol. 62, issue 4, 3-11

Abstract: 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.

Keywords: cross-border mergers and acquisitions; institutions; GDP per capita; transition countries (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ngooec:v:62:y:2016:i:4:p:3-11:n:1

DOI: 10.1515/ngoe-2016-0019

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