knowledge transfers - from high to low productivity firms - between acquirer and target. Using the Melitz (2003) model of … transfers, where the latter leads to assortative matching on productivity for firms in cross-border M&As. This is in line with … stylized facts (because M&As frequently occur between firms of similar productivity) and in contrast to the proximity …

owning the most assets) will enter through greenfield investment, less productive ones will choose M&A, and the least …

investment in Germany. …

Commonly used methods of production function estimation assume that a firm's output quantity can be observed as data … function, total factor productivity, price markups over marginal costs, output prices, output quantities, a demand system, and …

competitive environment and that (ii) a suit-able proxy to productivity is investment interacted with a sector-level competition …-effects estimation and remedying commonly suspected biases. Whereas productivity change is measured consistently, scale economies are not …Production function estimation with micro-data shows that a persistent unobserved variable varies within firm or plant …

. These findings are established through the estimation of a spatial bivariate probit model. …