What Drives Capital Flows? The Case of Cross-Border M&A Activity and Financial Deepening

@inproceedings{Giovanni2002WhatDC,
  title={What Drives Capital Flows? The Case of Cross-Border M&A Activity and Financial Deepening},
  author={Julian di Giovanni},
  year={2002}
}
What macroeconomic and financial variables play key roles in the foreign direct investment decision of firms? This question is addressed in this paper using a large panel data set of cross-border Merger & Acquisition (M&A) deals for the period 1990-1999. Various econometric specifications are built around the simple “gravity model” commonly used in the trade literature. Interestingly, financial variables and other institutional factors seem to play a significant role in M&A flows. In particular… CONTINUE READING
BETA

Similar Papers

Citations

Publications citing this paper.
SHOWING 1-10 OF 185 CITATIONS

Tilburg University Cross-Border Acquisitions and Employee-Engagement

  • 2017
VIEW 4 EXCERPTS
CITES BACKGROUND
HIGHLY INFLUENCED

FILTER CITATIONS BY YEAR

2004
2019

CITATION STATISTICS

  • 34 Highly Influenced Citations

  • Averaged 11 Citations per year from 2017 through 2019