Narrow search
Showing 1 - 10 of 388
Cover Image
The Location of Cross-Border Mergers & Acquisitions in the USA
Brakman, Steven - 2015
The research on the location choice for Foreign Direct Investment (FDI) is traditionally restricted to a choice between countries. The within-country location choice is less prominent in the literature. If within-country location decisions are considered it is mostly limited to Greenfield...
Persistent link: https://www.econbiz.de/10013023112
Cover Image
Tax Competition : Greenfield Investment Versus Mergers and Acquisitions
Becker, Johannes; Fuest, Clemens - 2021
In this paper, we analyze tax competition in a model where investor firms have the choice between two types of investment, greenfield investment and mergers and acquisitions. We show that the coexistence of these two types of investment intensifies tax competition in comparison to the case where...
Persistent link: https://www.econbiz.de/10013316566
Cover Image
Cross-Border Mergers & Acquisitions : The Facts as a Guide for International Economics
Brakman, Steven; Garretsen, Harry; van Marrewijk, Charles - 2021
-seeking', (iii) M&As come in waves (the most recent wave is still unfolding), (iv) economic integration (international deregulation … stylized facts drive and should drive recent theoretical contributions in the field of international economics that try to …
Persistent link: https://www.econbiz.de/10013317375
Cover Image
A Model of Heterogeneous Firm Matches in Cross-Border Mergers & Acquisitions
Brakman, Steven - 2018
In contrast to empirical evidence, recent theories of cross-border mergers and acquisitions (M&As) assume perfect knowledge transfers – from high to low productivity firms – between acquirer and target. Using the Melitz (2003) model of heterogeneous firms, we develop a matching model of...
Persistent link: https://www.econbiz.de/10012914676
Cover Image
The Trade and Welfare Effects of Mergers in Space
Egger, Hartmut; Egger, Peter H. - 2021
This paper analyzes the consequences of cross-border mergers in a spatial framework, thereby distinguishing three channels of influence: a price increase due to the elimination of product market competition, an adjustment in plant location which reduces overall transportation cost expenditures,...
Persistent link: https://www.econbiz.de/10013316578
Cover Image
In Praise of Tax Havens : International Tax Planning and Foreign Direct Investment
Hong, Qing - 2007
The multinationalization of corporate investment in recent years has given rise to a number of international tax … capital and so facilitate investment. Both the welfare effects of and the optimal response to international tax planning are …
Persistent link: https://www.econbiz.de/10012777300
Cover Image
CEO Preferences and Acquisitions
Jenter, Dirk - 2011
of takeover bids. Mergers frequently force target CEOs to retire early, and CEOs' private merger costs are the forgone … costs, we find strong evidence that target CEO preferences affect merger patterns. The likelihood of receiving a takeover … in takeover activity appears discretely at the age-65 threshold, with no gradual increase as CEOs approach retirement age …
Persistent link: https://www.econbiz.de/10013117262
Cover Image
Creative Destruction and Productive Preemption
Norback, Pehr-Johan - 2013
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such preemptive acquisitions by incumbents are shown to stimulate...
Persistent link: https://www.econbiz.de/10013087725
Cover Image
Source Versus Residence Based Taxation with International Mergers and Acquisitions
Becker, Johannes - 2009
do not necessarily distort international ownership patterns. Moreover, tax competition yields globally efficient levels …
Persistent link: https://www.econbiz.de/10013153614
Cover Image
A Simple Model of Mergers and Innovation
Federico, Giulio - 2017
We analyze the impact of a merger on firms' incentives to innovate. We show that the merging parties always decrease their innovation efforts post-merger while the outsiders to the merger respond by increasing their effort. A merger tends to reduce overall innovation. Consumers are always worse...
Persistent link: https://www.econbiz.de/10012951696