• Economic integration and the profitability of cross-border mergers and acquisitions 

      Bjorvatn, Kjetil (Working paper, Working paper, 2003-08)
      The 1990s was a decade of increased economic integration. The decade also witnessed a sharp increase in cross-border mergers and acquisitions (M&As). From a theoretical perspective, the increase in M&As in more integrated ...
    • On the profitability of cross-border mergers 

      Bjorvatn, Kjetil (Discussion paper, Working paper, 2001-10)
      A horizontal merger is unlikely to be profitable unless it involves the large majority of firms in an industry. This well established result was developed by Salant et al (1983) in a closed economy setting. The present ...