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Cross-Border Mergers & Acquisitions and the Role of Trade Costs

Görg, Holger; Hijzen, Alexander; Manchin, Miriam - C.E.P.R. Discussion Papers - 2007

Cross-border mergers and acquisitions (M&As) have increased dramatically over the last two decades. This paper analyses the role of trade costs in explaining the increase in the number of cross-border mergers and acquisitions. In particular, we distinguish horizontal and non-horizontal M&As and...

Persistent link: https://www.econbiz.de/10005067607

Multinational Enterprises and New Trade Theory: Evidence for the Convergence Hypothesis

Barrios, Salvador; Görg, Holger; Strobl, Eric - C.E.P.R. Discussion Papers - 2001

According to the ‘convergence hypothesis’, multinational companies will tend to displace national firms and trade as total market size increases and as countries converge in relative size, factor endowments, and production costs. Using a recent model developed by Markusen and Venables (1998)...

Persistent link: https://www.econbiz.de/10005504219

Much Ado About Nothing? Do Domestic Firms Really Benefit from Foreign Investment?

Görg, Holger; Greenaway, David - C.E.P.R. Discussion Papers - 2002

Many governments offer significant inducements to attract inward investment, motivated by the expectation of spillover benefits. This paper begins by reviewing possible sources of spillovers. It then provides a comprehensive evaluation of the empirical evidence on productivity, wages and exports...

Persistent link: https://www.econbiz.de/10005791599

Can You Teach Old Dragons New Tricks? FDI and Innovation Activity in Chinese State-Owned Enterprises

Girma, Sourafel; Gong, Yundan; Görg, Holger - C.E.P.R. Discussion Papers - 2006

We investigate whether inward FDI, either at the firm or industry level, has any impact on product innovation by … 1999 to 2003. Our results show that foreign capital participation is associated with higher innovative activity. Inward FDI … in the sector has a negative effect on innovative activity in SOEs. However, there is a positive effect of FDI on SOEs …

Persistent link: https://www.econbiz.de/10005123532

Foreign acquisition, plant survival, and employment growth

Bandick, Roger; Görg, Holger - C.E.P.R. Discussion Papers - 2009

This paper analyses the effect of foreign acquisition on survival probability and employment growth of target plant using data on Swedish manufacturing plants during the period 1993-2002. An improvement over previous studies is that we take into account firm level heterogeneity by separating the...

Persistent link: https://www.econbiz.de/10005016249

Surviving the crisis: Foreign multinationals vs domestic firms in Ireland

Godart, Olivier; Görg, Holger; Hanley, Aoife - C.E.P.R. Discussion Papers - 2011

Starting from the observation that all firms in Ireland (foreign and domestic in manufacturing and services industries) were hit by the crisis, the paper asks whether there is a difference in the behaviour of foreign and domestic firms. One hypothesis is that foreign multinationals are less...

Persistent link: https://www.econbiz.de/10009320409

Spillovers through backward linkages from multinationals: Measurement matters!

Barrios, Salvador; Görg, Holger; Strobl, Eric - C.E.P.R. Discussion Papers - 2009

conclusions regarding the existence of FDI-related spillovers. Using the standard measure employed in the literature we fail to … linkages that relax assumptions (i)-(iii), we find robust evidence for positive FDI backward spillover effects. …

Persistent link: https://www.econbiz.de/10008506837

Multinationals' Productivity Advantage: Scale or Technology

Girma, Sourafel; Görg, Holger - C.E.P.R. Discussion Papers - 2006

The first aim of this paper is to decompose the productivity advantage of foreign multinationals into two components: the technology and scale effect. The second aim is to analyse the causal relationship between foreign ownership and these two components of productivity growth. We do so by...

Persistent link: https://www.econbiz.de/10005123535

Blessing or Curse? Domestic Plants' Survival and Employment Prospects After Foreign Acquisition

Girma, Sourafel; Görg, Holger - C.E.P.R. Discussion Papers - 2001

This Paper investigates whether the acquisition of a domestic establishment by a foreign owner has any effects, positive or negative, on the survival prospects and employment growth of that plant. The empirical analysis uses data from the Annual Respondents Database (ARD) for the UK electronics...

Persistent link: https://www.econbiz.de/10005123803

Multinational Companies and Indigenous Development: An Empirical Analysis

Görg, Holger; Strobl, Eric - C.E.P.R. Discussion Papers - 2002

This Paper presents an empirical study of the effect of foreign multinational companies on the development of indigenous firms in the host country. Our starting point is a recent paper by Markusen and Venables (1999) that shows formally that multinationals, through the creation of linkages with...

Persistent link: https://www.econbiz.de/10005124056