Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2048200
An analysis of the impact of economic context of selected determinants of cross-border mergers and acquisitions in the EU
Robert Stefko
Jaroslava Heckova
Beata Gavurova
orcid.org/0000-0002-0606-879X
Tomas Valentiny
Alexandra Chapcakova
Dagmara Ratnayake Kascakova
Sažetak
Cross-border mergers and acquisitions represent a significant global
phenomenon that allows businesses to generate business synergies,
procure assets, generate tax optimisations, gain access to
new technologies and markets, increase competitiveness and market
value and differentiate and diversify business activities. In this
study, we analyse the impact of economic determinants which
influence the year to year increase in the average volume of
cross-border mergers and acquisitions (M&A) directed from the
source country to the target country. We run binary logistic
regression on the data which contains observation of selected
indicators in EU countries (including the UK) within 1998–2015.
Our data have nature of panel data. We study impact of selected
indicators on the year to year increase of merges and acquisitions
in the European Union. We document that market capitalisation
growth has a positive influence on the year-on-year increase in
the volume of M&A. We also provide proof that changes in relative
distance between source and target country affects the volume
of M&A and that existence of a common border between
the source and target country induce an increase in M&A. Our
study contributes to better understanding of the cross-border
mergers and acquisitions phenomena and is complementary to
already conducted research.
Ključne riječi
European Union; European Monetary Union; crossborder mergers; crossborder acquisitions; logistic regression
Hrčak ID:
302978
URI
Datum izdavanja:
31.3.2023.
Posjeta: 454 *