Arbeitspapier

The effect of restrictive measures on cross-border investment in the European Union

This study sheds light on the effect of restrictive policies, such as screening mechanisms, on mergers and acquisitions (M&A) flows into EU Member States in the period 2011-2018, by implementing an augmented gravity model. The results show that different restrictive measures affect cross-border investments unequally, and that the presence of screening mechanisms per se does not negatively affect cross-border investments. When we perform the analysis by sector, results suggest that cross-border investments in manufacturing and non-financial services are negatively by restrictive measures, such as restrictions on foreign personnel being employed in key positions, or restriction on the establishment of branches, land acquisition or profit and capital repatriations.

Sprache
Englisch
ISBN
978-92-76-14322-2

Erschienen in
Series: JRC Working Papers in Economics and Finance ; No. 2019/15

Klassifikation
Wirtschaft
Economic Integration
International Investment; Long-term Capital Movements
Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
Regulation and Business Law: General
Thema
cross-border investment
M&A
FDI
statutory restrictions
gravity model

Ereignis
Geistige Schöpfung
(wer)
Gregori, Wildmer Daniel
Nardo, Michela
Ereignis
Veröffentlichung
(wer)
Publications Office of the European Union
(wo)
Luxembourg
(wann)
2020

DOI
doi:10.2760/30468
Handle
Letzte Aktualisierung
20.09.2024, 08:24 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Gregori, Wildmer Daniel
  • Nardo, Michela
  • Publications Office of the European Union

Entstanden

  • 2020

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