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Causes and consequences of merger waves
Kleinert, Jörn; Klodt, Henning - 2002
This paper presents some ideas about determinants of merger waves and some evidence on their effect on profitability … and employment. A brief survey of previous merger waves and an analysis of the recent one give support to the hypothesis … that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks …
Persistent link: https://www.econbiz.de/10010271917
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Cross-Border Bank Mergers: What Lures the Rare Animal?
DeLong, Gayle L.; Buch, Claudia M. - 2001
which information costs and regulations hold back merger activity. Our results suggest that banks operating in more …
Persistent link: https://www.econbiz.de/10010260608
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The European Union in the era of globalisation: Competitive challenges, structural unemployment, and policy responses
Gundlach, Erich; Nunnenkamp, Peter - 1994
Persistent link: https://www.econbiz.de/10010283012
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Direktinvestitionen, Fusionen und Strukturwandel
Klodt, Henning - 2001
Foreign direct investment - the major driving force of globalization - is increasingly dominated by merger and …
Persistent link: https://www.econbiz.de/10010265513
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Real Wages and Monetary Policy Transmission in the Euro Area
McCallum, Andrew H. - 2011
We use the Factor-Augmented Vector Autoregression (FAVAR) approach of Bernanke, Boivin and Eliasz (2005) to estimate the effects of monetary policy shocks on wages and employment in the euro area. The use of a large data set comprising country, sectoral and euro area-wide data allows us to...
Persistent link: https://www.econbiz.de/10013117851
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Firm heterogeneity, industry characteristics and types of FDI: the case of German FDI in the Czech Republic
Görg, Holger; Mühlen, Henning; Nunnenkamp, Peter - 2009
In addition to firm and industry characteristics, the heterogeneity of foreign direct investment (FDI) has to be taken into account when analyzing the determinants of outward FDI. We combine two firm-specific datasets on German firms with subsidiaries and joint ventures in the Czech Republic,...
Persistent link: https://www.econbiz.de/10010265250
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Venture Capital in Europe's Common Market: A Quantitative Description
Schertler, Andrea - 2001
This paper offers a quantitative description of European private equity markets and compares the recent development in these markets with the development of the US venture capital market. Moreover, the paper addresses the differences between private equity investors acting in a single national...
Persistent link: https://www.econbiz.de/10010260558
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Exchange-rate misalignments in duopoly: the case of Airbus and Boeing
Bénassy-Quéré, Agnès; Fontagné, Lionel; Raff, Horst - 2009
We examine the effect of exchange-rate misalignments on competition in the market for large commercial aircraft. This market is a duopoly where players compete in dollar-denominated prices while one of them, Airbus, incurs costs mostly in euros. We construct and calibrate a simulation model to...
Persistent link: https://www.econbiz.de/10010263548
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TAFTA - a dead horse or an attractive open club?
Siebert, Horst - 2005
A Transatlantic Free Trade Area (TAFTA) has been proposed in the mid-1990s to revitalize the economic and political ties between the United States and the European Union. This paper discusses the expected economic gains from such a free trade area for its members with respect to trade in goods...
Persistent link: https://www.econbiz.de/10010273144
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A simple decomposition of the variance of output growth across countries
Reicher, Christopher Phillip - 2011
This paper outlines a simple regression-based method to decompose the variance of an aggregate time series into the variance of its components, which is then applied to measure the relative contributions of productivity, hours per worker, and employment to cyclical output growth across a panel...
Persistent link: https://www.econbiz.de/10010274432