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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
Published in DKUM: 03.04.2017; Views: 1481; Downloads: 351
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Keywords: enterprise, economic theories, economists, cognition, keynesianism, acquisitions, mergers, strategic alliances, boundary, business policy, corporations, strategic management, hypothesis, sinergy, economic structures, economic structures, joint venture, integration, business cooperation, management, business efficiency, success of business operation
Published in DKUM: 01.06.2012; Views: 2060; Downloads: 45
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