PL EN


2016 | 64 | 8 | 780 – 794
Article title

INSTITUTIONAL QUALITY AS A DETERMINANT OF GROWTH EFFECTS OF CROSS-BORDER MERGERS AND ACQUISITIONS IN THE EUROPEAN TRANSITION COUNTRIES

Content
Title variants
Languages of publication
EN
Abstracts
EN
The aim of this empirical study is to evaluate the influence of the inter dependence of cross-border mergers and acquisitions and the quality of the institutional setting on GDP per capita using dynamic panel data analysis for 22 European transition countries from 2000 to 2014. Our empirical results suggest that current cross-border mergers and acquisitions have a negative effect on GDP per capita in the year of merger or acquisition, but the influence of their lagged level has a strong positive effect one year later. All governance indicators are found to have a significant effect on GDP per capita while the only significant interaction term between cross-border mergers and acquisitions and control of corruption is negative. This implies that the higher level of cross-border mergers and acquisitions with its negative impact offset the positive effect of control of corruption on economic growth in current period.
Contributors
References
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.cejsh-96eb8045-5482-4d4e-a45a-4695925de883
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.