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Opis: 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.
Ključne besede: cross-border mergers and acquisitions, institutions, GDP per capita, transition countries
Objavljeno v DKUM: 03.04.2017; Ogledov: 1481; Prenosov: 352
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