This study focuses on ex ante performance of domestic and foreign takeover targets in Germany, one of the most … well as binary response model estimations of takeover probabilities were performed for the manufacturing and service sector … separately. The results showed a diametrically opposing impact of productivity and profitability on the takeover likelihood. This …

With this paper we present the first microeconometric analysis of the impact of a foreign acquisition on the target … between foreign ownership and access to finance in Germany, one of the world's leading target countries for foreign direct … statistical offices and from credit rating scores supplied by the leading German credit rating agency. We find foreign owned firms …

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 …

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 …

This study examines foreign investors' trading behaviors around merger and acquisition (M&A) announcements in the … Korean stock market (both KOSPI and KOSDAQ markets). We find evidence that foreign investors are more likely to buy target … stocks with larger wealth effects on the KOSPI market. In contrast, our results reveal that both foreign and domestic …

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 …