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Foreign direct investment
Froot, Kenneth (ed.) - 1993
Persistent link: https://www.econbiz.de/10000881399
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Swedish Firms Acquired by Foreigners : A Comparison of Before and After Takeover
Lipsey, Robert E. - 1982
relatively low in value added per employee at the time of takeover and before, a characteristic we take to indicate relatively …-term recoveries after takeover from the misfortunes of the takeover year and a return to higher growth rates of employment and output … year or two after takeover but seem to have increased their profitability or efficiency relative to their industries. The …
Persistent link: https://www.econbiz.de/10012478083
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Foreign Takeovers of Swedish Firms
Lipsey, Robert E. - 1981
ion of firms for takeover is based on f inn characteristics, not industry characteristics. After takeover by foreigners …, by the crude measurements we have been able to apply so far, do not seem to be affected in any consistent way by takeover …
Persistent link: https://www.econbiz.de/10012478480
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Foreign Ownership and Firm Performance : Emerging-Market Acquisitions in the United States
Chari, Anusha - 2009
This paper examines the recent upsurge in foreign acquisitions of U.S. firms, specifically focusing on acquisitions made by firms located in emerging markets. Neoclassical theory predicts that, on net, capital should flow from countries that are capital-abundant to countries that are...
Persistent link: https://www.econbiz.de/10012463861
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Cross-Border Acquisitions and Target Firms' Performance : Evidence From Japanese Firm-Level Data
Fukao, Kyoji - 2006
Moreover, we find that there is no positive impact on target firms' profitability in the case of both within-group in-in acquisitions and in-in acquisitions by domestic outsiders. In fact, in the manufacturing sector, the return on assets even deteriorated one year and two years after...
Persistent link: https://www.econbiz.de/10012466243
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An Assignment Theory of Foreign Direct Investment
Nocke, Volker - 2004
We develop an assignment theory to analyze the volume and composition of foreign direct investment (FDI). Firms conduct FDI by either engaging in greenfield investment or in cross-border acquisitions. Cross-border acquisitions involve firms trading heterogeneous corporate assets to exploit...
Persistent link: https://www.econbiz.de/10012467684
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Cross-border Acquisitions and Labor Regulations
Levine, Ross - 2015
Do labor regulations influence the reaction of stock markets and firm profitability to cross-border acquisitions? We discover that acquiring firms enjoy smaller abnormal stock returns and profits when targets are in countries with stronger labor protection regulations, i.e., in countries where...
Persistent link: https://www.econbiz.de/10012457422
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Cross-Border Mergers and Acquisitions
Erel, Isil; Jang, Yeejin; Weisbach, Michael S. - National Bureau of Economic Research - 2022
One of the most consequential events in any firm's lifetime is a major acquisition. Because of their importance, mergers and acquisitions (M&As) have been an enormous area of research. However, the vast majority of this research and survey papers summarizing this research have focused on...
Persistent link: https://www.econbiz.de/10013435159
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A Reference Point Theory of Mergers and Acquisitions
Baker, Malcolm - 2009
The use of judgmental anchors or reference points in valuing corporations affects several basic aspects of merger and acquisition activity including offer prices, deal success, market reaction, and merger waves. Offer prices are biased towards the 52-week high, a highly salient but largely...
Persistent link: https://www.econbiz.de/10012463098
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Cash-out or flame-out! Opportunity cost and entrepreneurial strategy : Theory, and evidence from the information security industry
Arora, Ashish - 2009
We analyze how entrepreneurial opportunity cost conditions performance. We depart from the literature on entrepreneurship which identifies survival with performance. Instead, many entrepreneurs aim for a cash-out (IPO or acquisition), especially in innovation based industries. Striving for a...
Persistent link: https://www.econbiz.de/10012463117