Blonigen, Bruce A.; Fontagné, Lionel; Sly, Nicholas; … - In: Journal of International Economics 94 (2014) 2, pp. 341-357
This paper develops a model of cross-border M&A activity that features firm-level productivity shocks and endogenous export activity. We show that foreign firms will be relatively more attracted to targets in the domestic country that had high productivity levels that induced them to invest in...