중동부유럽
연구정보
[경영] European Integration and International M&As: The Case of Poland
폴란드 국외연구자료 연구보고서 - Taylor & Francis Online 발간일 : 2022-09-07 등록일 : 2023-05-21 원문링크
This paper studies determinants of international mergers and acquisitions (M&As) in Poland using the predictions of the knowledge capital model of multinational enterprise. The empirical implementation of the theory is based on the negative binomial model and the bilateral dataset covering 143 countries over the period 1995–2015. Our estimation results indicate that M&As in Poland are explained by both differences in relative factor endowments and in market size which confirms the importance of both market seeking and efficiency seeking motives. Moreover, the efficiency seeking motive is losing its importance over time while the market seeking motive becomes more important.
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