The Impact of European Integration on the Nineties’ Wave of Mergers and Acquisitions

Anne-France Delannay () and Pierre-Guillaume Méon
Additional contact information
Anne-France Delannay: Université Robert Schuman, Postal: Pierre-Guillaume Méon, Departmente D’Economie University of Brussels, DULBEA CP-140, Avenue F.D. Roosevelt, 50 1050 Bruxelles Belgium,, ,

Journal of Economic Integration, 2006, vol. 21, 426-446

Abstract:

The present paper applies a gravity model with fixed country effects to M&A flows on a sample of 1215 pairs of countries over the 1998-2001 period, to test the impact of European integration. That model, which had to our knowledge not been applied to M&A flows so far, allows us to observe that the participation of two countries in the process of European integration is associated with a smaller negative impact of distance on those countries’ bilateral M&A flows. We observe no such effect for the EMU however.

Keywords: Mergers and acquisitions; multinational firms; gravity models; European integration; EMU (search for similar items in EconPapers)
JEL-codes: F15 F23 G34 (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: The impact of European integration on the nineties' wave of mergers and acquisitions (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0363

Access Statistics for this article

Journal of Economic Integration is currently edited by Seongeun Kim

More articles in Journal of Economic Integration from Center for Economic Integration, Sejong University Contact information at EDIRC.
Bibliographic data for series maintained by Yunhoe Kim ().