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, acquisitions and internal R&D investments. The findings indicate that a firm's absorptive capacity affects the presence of … effects between alliances and acquisitions and between alliances and internal R&D investments. Firms with high absorptive … capacity also exhibit complementarities between acquisitions and additional R&D investments. These results were obtained from …
Persistent link: https://www.econbiz.de/10011923119
This paper investigates whether the acquisition of a domestic establishment by a foreign owner has any effects on the survival prospects and employment growth of that plant. The analysis uses plant level data for the UK electronics and food industries for the period 1980 to 1993. We control for...
Persistent link: https://www.econbiz.de/10010265570
Cross sectional evidence shows that foreign firms have a more educated workforce and pay higher wages than domestic firms. These results do not necessarily imply that foreign direct investment translates into higher demand for educated workers or higher wages, however, since foreign investment...
Persistent link: https://www.econbiz.de/10010270574
In recent years Chinese foreign acquisitions have increased significantly. In Europe and the United States, these … the acquisitions lead to undesirable technology transfer, or that they may have negative consequences for the employees of … the target firm. We use a large deal‐level dataset on cross‐border acquisitions to investigate whether Chinese foreign …
Persistent link: https://www.econbiz.de/10014485951
Many developing countries would like to increase the share of modern or formal sectors in their employment. One way to accomplish this goal may be to encourage the entrance of foreign firms. They are typically relatively large, with high productivity and good access to foreign markets, and might...
Persistent link: https://www.econbiz.de/10010320281
and mergers and acquisitions (M&A). Working in a monopolistically competitive environment, merging firms do not reduce …
Persistent link: https://www.econbiz.de/10010290036
This paper first compares house price cycles in advanced and emerging economies using a new quarterly house price dataset covering the period 1990- 2012. It is found that that house prices in emerging economies grow faster, are more volatile, less persistent and less synchronized across...
Persistent link: https://www.econbiz.de/10011314197
Are capital controls and macroprudential measures successful in achieving their objectives? Assessing their effectiveness is complicated by selection bias and endogeneity; countries which change their capital-flow management measures (CFMs) often share specific characteristics and are responding...
Persistent link: https://www.econbiz.de/10010327856
In this paper, I examine the effects of advanced economies' conventional monetary policy on gross foreign direct and portfolio investment inflows to emerging economies. I use structural vector autoregressions to analyse and compare the response of each inflow category to world interest rate and...
Persistent link: https://www.econbiz.de/10011583201
This paper studies how the drivers of portfolio flows change across periods with a model where regression coefficients endogenously change over time in a continuous fashion. The empirical analysis of daily equity portfolio flows to emerging markets shows that the regression coefficients display...
Persistent link: https://www.econbiz.de/10011605513