By Marc Waldhof
We rerun Blonigen’s version to check his concept among built-in markets, as Georgopoulos (2008) indicates attainable. utilizing industry-specific facts on the three-digit NAICS 07 point, we empirically try our hypotheses with discrete based variable versions. trying out for the hyperlink among actual trade premiums and Swiss cross-border M&As in production industries within the usa and the uk for the years 1996-2013, we discover no facts for Blonigen’s firm-specific asset acquisition idea. We determine that no dating for low study and improvement production industries is clear, according to Blonigen’s concept, when additionally no correlation is located for top study and improvement production industries for the studied nation pairs, within the given commentary interval. Our findings lead us to finish that the hyperlink among trade charges and acquisition FDI now not applies for built-in markets.
Moreover, we discover proof in our samples for Harris and Ravencraft’s (1991) concept that M&As in R&D-intensive industries take place extra usually on a cross-border foundation, than on a household basis.
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