...
首页> 外文期刊>The World Economy >Cross-Border Mergers and Upstreaming
【24h】

Cross-Border Mergers and Upstreaming

机译:跨境合并和上游

获取原文
获取原文并翻译 | 示例
           

摘要

Global forces of fragmentation continue to distance (upstream) a product's conception from its end use. A concurrent flow of cross-border mergers and upstreaming, by multinational corporations, dominates the fashion of doing international business. We investigate if there is any link between cross-country variations in upstreaming within firms, apparent in international data, and mergers between firms across borders. Our empirical analysis reveals a significantly positive association between country upstreamness and cross-border mergers. We build on Neary as well as Beladi etal. to provide a theoretical explanation of our findings in terms of the incentives in business strategic decision-making to realise the gains from cross-border mergers and upstreaming through the pricing mechanism of intermediate inputs in a vertically related oligopolistic industry.
机译:分散的全球力量继续使产品的概念与最终用途相距遥远(上游)。跨国公司同时进行的跨国合并和上游业务主导着开展国际业务的方式。我们调查了跨国公司上游内部差异(在国际数据中显而易见)与跨国公司之间的合并之间是否存在任何联系。我们的经验分析表明,国家上游与跨国并购之间存在显着的正相关关系。我们以Neary以及Beladi等人为基础。从商业战略决策的动机出发,为我们的发现提供理论解释,以实现跨界兼并的收益,并通过垂直相关寡头产业的中间投入的定价机制实现上游收益。

著录项

  • 来源
    《The World Economy》 |2017年第3期|598-611|共14页
  • 作者单位

    Univ Texas San Antonio, Dept Econ, Coll Business, San Antonio, TX 78249 USA;

    Univ Wisconsin, Dept Econ, Milwaukee, WI 53201 USA;

    Univ Texas San Antonio, Dept Econ, Coll Business, San Antonio, TX 78249 USA;

  • 收录信息
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱:kefu@zhangqiaokeyan.com

京公网安备:11010802029741号 ICP备案号:京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有
  • 客服微信

  • 服务号