Short and medium-term effects of foreign acquisitions on manufacturing firms: Evidence from Germany

This paper, for the first time, investigates the impact of foreign acquisitions on German manufacturing firms using, newly available unique administrative micro data spanning 25 years. Based on an event study design combined with propensity score matching techniques, we find that foreign acquisitions significantly increase labor productivity and average wages in acquired firms. A reduction in employment drives both effects.

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Year of publication:	2024
Authors:	Görg, Holger ; Lehr, Jakob
Published in:	Economics Letters. - Amsterdam : Elsevier BV, ISSN 1873-7374. - Vol. 241.2024, p. 1-6
Publisher:	Amsterdam : Elsevier BV
Subject:	Foreign direct investment \| Foreign acquisitions \| Firm behavior \| Ex-post evaluation

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.1016/j.econlet.2024.111826 [DOI] RePEc:zbw:ifwkie:302104 [RePEc]
Classification:	F23 - Multinational Firms; International Business ; f61
Source:	EconStor

Persistent link: https://www.econbiz.de/10015052750