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acquisition target based on its productivity level, profitability and other characteristics and whether the performance of … Japanese firms that were acquired by foreign firms improves after the acquisition. In our previous study for the Japanese …) and profit rates than Mamp;As by domestic firms. However, it may argued that firms acquired by foreign firms showed better …
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This study focuses on ex ante performance of domestic and foreign takeover targets in Germany, one of the most … separately. The results showed a diametrically opposing impact of productivity and profitability on the takeover likelihood. This … well as binary response model estimations of takeover probabilities were performed for the manufacturing and service sector …
Persistent link: https://www.econbiz.de/10009530270
of utmost topicality. -- post-acquisition performance ; foreign takeover ; manufacturing ; treatment analysis ; Germany …This study provides the first comparative evidence of foreign and domestic acquisitions in Germany. A propensity score … matching approach combined with a difference-in-difference estimator were performed separately for foreign and domestic …
Persistent link: https://www.econbiz.de/10009613256
share of sales from product innovations is not significantly affected by a foreign takeover for a given amount of innovation …This paper contributes to the ongoing debate on the welfare effects of foreign direct investment by investigating the … selection bias, it is found that foreign takeovers have a large negative impact on the propensity to perform innovation …
Persistent link: https://www.econbiz.de/10003729056
domestic German firms that are subject to a foreign takeover regarding employment and productivity. For this purpose, I use a … between firm characteristics before and after a foreign takeover, this econometric approach ensures that the causal effects … ; foreign takeover ; employment ; productivtity …
Persistent link: https://www.econbiz.de/10003942192
This paper analyzes the effects of cross-border mergers and acquisitions (M&As) on the innovation of European firms. The results indicate a considerable increase in post-acquisition innovation in the merged entity. This is mainly driven by inventors based in the acquirer's country, while...
Persistent link: https://www.econbiz.de/10010401729
In this paper we present the first evidence for a link between foreign ownership and credit constraints for Germany …, one of the world's leading target countries for foreign direct investment. Furthermore, we contribute to the literature by … investigating the impact of a foreign acquisition on the target firms' credit constraints for the first time. We use newly available …
Persistent link: https://www.econbiz.de/10010187848