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|z 9781513512556
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|a 1018-5941
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|a BD-DhAAL
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|a Didier, Tatiana.
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|a Network Determinants of Cross-Border Merger and Acquisition Decisions /
|c Tatiana Didier, Sebastian Herrador, Magali Pinat.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2019.
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|a 1 online resource (43 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper assesses whether cross-border M and A decisions exhibit network effects. We estimate exponential random graph models (ERGM) and temporal exponential random graph models (TERGM) to evaluate the determinants of cross-country M and A investments at the sectoral level. The results show that transitivity matters: a country is more likely to invest in a new destination if one of its existing partners has already made some investments there. In line with the literature on export platforms and informational barriers, we find a sizable impact of third country effects on the creation of new investments. This effect is sizable and larger than some of the more traditional M and A determinants, such as trade openness.
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|a Mode of access: Internet
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|a Herrador, Sebastian.
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|a Pinat, Magali.
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|a IMF Working Papers; Working Paper ;
|v No. 2019/264
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2019/264/001.2019.issue-264-en.xml
|z IMF e-Library
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