Showing 1 - 10 of 13
Persistent link: https://www.econbiz.de/10003774797
Persistent link: https://www.econbiz.de/10003375026
Commentators on the private equity industry often claim that favorable tax treatment gives private equity firms advantages in the market for corporate control. But we show that tax advantages do not affect the equilibrium ownership of corporate assets when acquisition costs are fully deductible...
Persistent link: https://www.econbiz.de/10003973520
Persistent link: https://www.econbiz.de/10003672476
Persistent link: https://www.econbiz.de/10003539060
In this paper, we argue that fundamental reforms of the Swedish business sector can explain the remarkable productivity and employment growth that followed the deep economic crisis in Sweden in the early 1990s. In the 1970s and 1980s, Sweden had one of the most regulated business sectors in the...
Persistent link: https://www.econbiz.de/10011343029
This paper proposes a cross-border M&A model with financially constrained owners in which the identity of the buyer and seller can be determined. We show that policies blocking foreign acquisitions to protect the domestic industry can be counterproductive. Foreign acquisition can increase the...
Persistent link: https://www.econbiz.de/10009625136
Persistent link: https://www.econbiz.de/10003678014
Recent studies document a 30-year decline in various measures of entrepreneurship in the United States. In contrast, using detailed Swedish employer-employee data over the period 1990-2013, we find no decline in Swedish entrepreneurial activity. Aggregate net job creation is greatest among the...
Persistent link: https://www.econbiz.de/10011579521
Persistent link: https://www.econbiz.de/10011939915