《Cross- border mergers and acquisitions and the role of trade costs》.pdf

EUROPEAN ECONOMY EUROPEAN COMMISSION DIRECTORATE-GENERAL FOR ECONOMIC AND FINANCIAL AFFAIRS ECONOMIC PAPERS ISSN 1725-3187 /comm/economy_finance Number 242 February 2006 Cross-border mergers and acquisitions and the role of trade costs by Alexander Hijzen (GEP, University of Nottingham) Holger Görg (GEP, University of Nottingham and DIW Berlin) and Miriam Manchin (Tinbergen Institute, Rotterdam University) Economic Papers are written by the Staff of the Directorate-General for Economic and Financial Affairs, or by experts working in association with them. The Papers are intended to increase awareness of the technical work being done by the staff and to seek comments and suggestions for further analyses. Views expressed represent exclusively the positions of the author and do not necessarily correspond to those of the European Commission. Comments and enquiries should be addressed to the: European Commission Directorate-General for Economic and Financial Affairs Publications BU1 - -1/13 B - 1049 Brussels, Belgium ECFIN/REP/54606-EN ISBN 92-79-01183-9 KC-AI-06-242-EN-C ©European Communities, 2006 CROSS-BORDER MERGERS ACQUISITIONS AND THE ROLE OF TRADE COSTS Alexander Hijzen* (GEP, University of Nottingham) Holger Görg (GEP, University of Nottingham and DIW Berlin)