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An analysis of the impact of selected predictors for cross-border M&A activity within the European area

Author

Listed:
  • Alexandra Chapcakova

    (University of Prešov, Slovakia)

  • Jaroslava Heckova

    (University of Prešov, Slovakia)

  • Miroslav Gombár

    (University of Prešov, Slovakia)

  • Stefan Gavura

    (Technical University of Košice, Slovakia)

  • Dagmara Ratnayake Kascakova

    (University of Prešov, Slovakia)

Abstract

This paper provides a comprehensive overview of European M&A activity from 1998-2021. It examines trends and drivers of cross-border mergers and acquisitions, examining how European integration has affected M&A activity and the critical characteristics of M&As in the European Area. The ambition is to contribute to the existing literature on M&A activity in Europe. The paper aims to analyze the impact of advancing integration processes in Europe through our selected predictors on capital reallocation through cross-border M&As as a whole and also separately in the manufacturing sector and the service sector in the examined period in the countries of the European area through a generalized regression model and identify peculiarities in both industries. To achieve this goal, we investigated a new dataset of all completed M&A between 1998 and 2021 in 19 sources and 28 target countries of the European Area.

Suggested Citation

  • Alexandra Chapcakova & Jaroslava Heckova & Miroslav Gombár & Stefan Gavura & Dagmara Ratnayake Kascakova, 2022. "An analysis of the impact of selected predictors for cross-border M&A activity within the European area," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 10(2), pages 176-188, December.
    • Handle: RePEc:ssi:jouesi:v:10:y:2022:i:2:p:176-188
    DOI: 10.9770/jesi.2022.10.2(11)
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    References listed on IDEAS

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    1. Beata Gavurova & Jaroslav Belas & Yuriy Bilan & Jakub Horak, 2020. "Study of legislative and administrative obstacles to SMEs business in the Czech Republic and Slovakia," Oeconomia Copernicana, Institute of Economic Research, vol. 11(4), pages 689-719, December.
    2. Caterina Moschieri & Roberto Ragozzino & Jose Manuel Campa, 2014. "Does Regional Integration Change the Effects of Country-Level Institutional Barriers on M&A? The Case of the European Union," Management International Review, Springer, vol. 54(6), pages 853-877, December.
    3. Head, Keith & Ries, John, 2008. "FDI as an outcome of the market for corporate control: Theory and evidence," Journal of International Economics, Elsevier, vol. 74(1), pages 2-20, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    European Union; European Monetary Union; cross-border mergers; cross-border acquisitions; manufacturing sector; service sector;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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