IDEAS home Printed from https://ideas.repec.org/p/cns/cnscwp/201236.html
   My bibliography  Save this paper

M&A and knowledge flows in the European Union's Neighboring Countries

Author

Listed:
  • R. Paci

    ()

  • MC. Di Guardo

Abstract

In the last two decades Merger & Acquisition (M&A) activities worldwide rose to an unprecedented level mainly due to two factors - globalization and technological progress. M&A transactions, whatever is their motivation, generate potential knowledge flows between bidder and target firms that happen before, during and after the deal in the form of - information exchange in the due diligence phase and among managers; access to new technologies and organizational competencies; task and human integration; interaction of different organizational cultures; transfers of capabilities and resource sharing. Consequently, M&A transactions represent a valuable proxy for the exchange of knowledge across the geographical areas where companies are located offering therefore the opportunity to investigate into the knowledge flows between the European Union and its neighboring countries. The aim of the paper is to analyse in details the M&A deals in the European Neighboring Countries (ENC) in order to explore the knowledge flows between firms in those areas and external firms. More specifically, we will examine the geographical directions of M&As and their sectoral scope. Data on M&A deals are retrieved from the SDC Platinum database (Thomson Financial) considering the period 2000-2011. Taken together, M&A data provide interesting evidence on the overall market-level impact of M&A on ENC and thus on the knowledge links that have been generated.

Suggested Citation

  • R. Paci & MC. Di Guardo, 2012. "M&A and knowledge flows in the European Union's Neighboring Countries," Working Paper CRENoS 201236, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
  • Handle: RePEc:cns:cnscwp:201236
    as

    Download full text from publisher

    File URL: http://crenos.unica.it/crenos/node/3943
    Download Restriction: no

    File URL: http://crenos.unica.it/crenos/sites/default/files/WP12-36.pdf
    Download Restriction: no

    More about this item

    Keywords

    knowledge flows; european neighboring countries; merger & acquisition;

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cns:cnscwp:201236. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Antonello Pau). General contact details of provider: http://edirc.repec.org/data/crenoit.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.