NAŠE GOSPODARSTVO / 
OUR ECONOMY

Growth Effects of Cross-border Mergers and Acquisitions in European Transition Countries

Jelena Zvezdanović Lobanova, Davorin Kračun, Alenka Kavkler

Abstract


This paper deals with the economic effect of cross-border mergers and
acquisitions on GDP per capita in European transition countries for the 2000–
2014 period. Our analysis shows that cross-border mergers and acquisitions have
a negative effect on GDP per capita in the current period, whereas their lagged
level positively impacts output performance. We found that transition countries
characterized by a higher quality of institutional setting have achieved a positive
impact on GDP per capita.


Keywords


cross-border mergers and acquisitions; institutions; GDP per capita; transition countries

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