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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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