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Impact of the economic integration in the international economic structure. The case of international mergers and acquisitions of Spanish multinational firms

David de Matías Batalla ()
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David de Matías Batalla: Economics and Business Administration Dept. - University of Alcala - Madrid, Spain

No 15-07, Working Papers from Asociación Española de Economía y Finanzas Internacionales

Abstract: In this paper I present the impact of new players and determinant in international business activities, which have a direct influence on international economic structure. One of the most important determinants in last decades has been international mergers and acquisitions, an important foreign direct investment that many multinational firms have used as mode of entry to international markets. This, together with the rest of foreign direct investment, make me think to extend OLI model to OLIM. On the other hand, this new modes of entry, the disintegration of the value chain, the resources and capabilities approach and the role of national institutions imply a strong economic integration, having as consequence the extension of the international production framework that Dunning provides as a framework to study the economic structure. In order to provide empirical evidence, the paper shows an analysis and results of international mergers and acquisitions realized by Spanish multinational firms, adding as complementary evidence a business case focus on Ebro Foods.

Keywords: mergers and acquisitions; foreign direct investment; eclectic paradigm; international economic structure (search for similar items in EconPapers)
JEL-codes: E02 E60 G15 M16 M21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-int and nep-mac
Date: 2015-07
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