Cross-border M&A outflows and government size. Issue 11 (25th June 2021)

• Record Type: Journal Article
• Authors: Ashraf, Ayesha
• Is Part Of: Applied economics letters. Volume 28:Issue 11(2021)
• Page Start: 964
• Page End: 967
• Publication Date: 2021-06-25
• Subjects: Cross-border mergers and acquisitions outflows -- government size -- panel data -- efficiency Hypothesis; F21 -- H10; Economics -- Periodicals; Economics, Mathematical -- Periodicals; 330
• DOI: 10.1080/13504851.2020.1789056
• Languages: English
• ISSNs: 1350-4851

Abstract

ABSTRACT: This article examines the effect of cross-border mergers and acquisitions (M&A) outflows on government size in home countries. We focus on up to 89 developed and developing economies during the period 1996–2018. The results show that cross-border M&A outflows decrease the government size in total sample as well as in sub-samples of developed and developing countries. The results are stable across different econometric specifications and provide support to the efficiency hypothesis .