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Using a sample of control cross-border acquisitions from 61 countries from 1990 to 2007, we find that acquirers from countries with better governance gain more from such acquisitions and their gains are higher when targets are from countries with worse governance. Other acquirer country...
Persistent link: https://www.econbiz.de/10012461981
Moreover, we find that there is no positive impact on target firms' profitability in the case of both within-group in …-in acquisitions, parent firms may be trying to quickly restructure acquired firms even at the cost of deteriorating profitability … acquisition target based on its productivity level, profitability and other characteristics and whether the performance of …
Persistent link: https://www.econbiz.de/10012466243
We explore how changes in ownership and managerial control affect the productivity and profitability of producers … gains in capacity utilization that raised both their productivity and profitability levels, consistent with acquiring owner …
Persistent link: https://www.econbiz.de/10012458762
Do acquirors profit from acquisitions, or do CEOs overbid and destroy shareholder value? We propose a novel approach to measuring the long-run returns to mergers. In a new data set of close bidding contests we use losers' post-merger performance to construct the counterfactual performance of...
Persistent link: https://www.econbiz.de/10012460635
We study the efficiency of capital allocations at state-controlled and privately owned business groups in China. Using …
Persistent link: https://www.econbiz.de/10012457736
We use responses to a survey and experiment with participants in Mexico's privatized social security system to examine how financial literacy impacts workers' choice behavior and how simplifying information on management fees may increase measures of price elasticity sensitivity among the...
Persistent link: https://www.econbiz.de/10012464104
aggregate ownership transfers improve profitability, though not in cases where the transfers themselves were corrupted …
Persistent link: https://www.econbiz.de/10012458575
Privatization has been shown to increase growth and profitability of public firms. However, effects on consumers are … operators may improve hospitals' financial performance, but a focus on profitability may adversely affect access to care for …-2018 period. Private operators improve profitability so that hospitals generate a modest surplus, primarily by increasing mean …
Persistent link: https://www.econbiz.de/10013537718
This paper is a critical review of east German privatization policy. It is argued that the restitution of old property …
Persistent link: https://www.econbiz.de/10012474982
insufficient claims on state owned enterprises. The centralized privatization of state owned enterprises, which bypasses the East … German population, is seen as a major obstacle to quick recovery, and an alternative privatization procedure is discussed …
Persistent link: https://www.econbiz.de/10012475424