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Mergers and partial ownership
Foros, Oystein; Kind, Hans Jarle; Shaffer, Greg Eric - 2010
In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find that partial ownership arrangements can be more profitable for the acquiring and acquired firm because they can result in a greater dampening of competition. We also derive...
Persistent link: https://www.econbiz.de/10003925257
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Property Rights, Finance, and Entrepreneurship
Johnson, Simon; McMillan, John; Woodruff, Christopher - 1999
Is investment constrained more by insecure property rights or by limited external finance? For five transition … startup ma nufacturing firms. Access to credit does not appear to explain differences in investment. At least in the early …
Persistent link: https://www.econbiz.de/10009781707
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Chinese acquisitions abroad : are they different?
Fuest, Clemens; Hugger, Felix; Sultan, Samina; Xing, Jing - 2019
Made in China 2025 influence investment patterns of Chinese state-owned acquirers but not those of private investors …
Persistent link: https://www.econbiz.de/10011992349
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Ownership and control in a competitive industry
Karle, Heiko; Klein, Tobias J.; Stahl, Konrad - 2011
asymmetrically rather than pursuing a full takeover if she acquires a controlling one. Generally, she invests indirectly if she only …
Persistent link: https://www.econbiz.de/10009011193
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The efficiency costs of dividend taxation with managerial firms : presented at CESifo Area Conference on Public Sector Economics, April 2015
Köthenbürger, Marko; Stimmelmayr, Michael - 2015
-verifiable managerial effort enhances taxable profits. We show that investment changes following a rise in dividend taxes might not be … investment response, in contrast to insights from previous literature. We provide a testable implication to infer the mode of … investment finance from investment responses. Furthermore, we show that imposing income tax on managerial incentive pay is …
Persistent link: https://www.econbiz.de/10011374208
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Mining matters : natural resource extraction and local business constraints
Haas, Ralph de; Poelhekke, Steven - 2016
We estimate the impact of local mining activity on the business constraints experienced by 22,150 firms across eight resource-rich countries. We find that with the presence of active mines, the business environment in the immediate vicinity (20 km) of a firm deteriorates but business constraints...
Persistent link: https://www.econbiz.de/10011565667
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Political shocks and inflation expectations : evidence from the 2022 Russian invasion of Ukraine
Dräger, Lena; Gründler, Klaus; Potrafke, Niklas - 2022
inflation expectations among 145 tenured economics professors in Germany and exploit the 2022 Russian invasion in Ukraine as a …
Persistent link: https://www.econbiz.de/10013167248
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Sustainable stocks and the Russian war on Ukraine : an event study in Europe
Kick, Andreas; Rottmann, Horst - 2022
. On February 24, 2022 with the Russian invasion on Ukraine one of the biggest events imaginable came to pass. Using …
Persistent link: https://www.econbiz.de/10013255954
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Disorganization and financial collapse
Marin, Dalia; Schnitzer, Monika - 2000
, inter-firms arrears and barter in transition economies are connected. Based on a survey of 165 barter deals in the Ukraine …
Persistent link: https://www.econbiz.de/10009781618
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Contract enforcement in transition
Johnson, Simon; McMillan, John; Woodruff, Christopher - 1999
The mix of formal and informal mechanisms for contract enforcement is examined using survey data from Russia, Ukraine …
Persistent link: https://www.econbiz.de/10009781706