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Investment liberalization — Why a restrictive cross-border merger policy can be counterproductive

Journal of International Economics, no. 2 (2007): 366-380

被引用82|浏览8
EI
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Investment liberalizing countries are often concerned that cross-border mergers and acquisitions, in contrast to greenfield investments, might have an adverse effect on domestic firms and consumers. However, given that domestic assets are sufficiently scarce, we identify a preemption effect and an asset complementarity effect, which imply...更多

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