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Swedish Firms Acquired by Foreigners : A Comparison of Before and after Takeover
Lipsey, Robert E. - 2004
relatively low in value added per employee at the time of takeover and before, a characteristic we take to indicate relatively …-term recoveries after takeover from the misfortunes of the takeover year and a return to higher growth rates of employment and output … year or two after takeover but seem to have increased their profitability or efficiency relative to their industries. The …
Persistent link: https://www.econbiz.de/10012786214
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Cross-Border Acquisitions and Target Firms' Performance : Evidence from Japanese Firm-Level Data
Fukao, Kyoji - 2010
Using Japanese firm-level data for the period from 1994-2002, this paper examines whether a firm is chosen as an acquisition target based on its productivity level, profitability and other characteristics and whether the performance of Japanese firms that were acquired by foreign firms improves...
Persistent link: https://www.econbiz.de/10012760742
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Foreign Ownership and Firm Performance : Emerging-Market Acquisitions in the United States
Chari, Anusha; Chen, Wenjie; Dominguez, Kathryn M.E - 2021
This paper examines the recent upsurge in foreign acquisitions of U.S. firms, specifically focusing on acquisitions made by firms located in emerging markets. Neoclassical theory predicts that, on net, capital should flow from countries that are capital-abundant to countries that are...
Persistent link: https://www.econbiz.de/10013226196
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The Industry Life Cycle and Acquisitions and Investment : Does Firm Organization Matter?
Maksimovic, Vojislav - 2010
We examine the effect of financial dependence on acquisition and investment within existing industries by single-segment and conglomerate firms for industries undergoing different long run changes in industry conditions. Conglomerates and single-segment firms differ more in rates of...
Persistent link: https://www.econbiz.de/10012761342
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Fire-Sale FDI or Business as Usual?
Alquist, Ron - 2018
Using a new data set, we examine the characteristics and dynamics of cross-border mergers and acquisitions during emerging-market financial crises, that is, so-called "fire-sale FDI". Our findings shed fresh light on whether the transactions undertaken during crisis periods differ in fundamental...
Persistent link: https://www.econbiz.de/10012938544
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Cross-Border Acquisitions and Labor Regulations
Levine, Ross - 2015
Do labor regulations influence the reaction of stock markets and firm profitability to cross-border acquisitions? We discover that acquiring firms enjoy smaller abnormal stock returns and profits when targets are in countries with stronger labor protection regulations, i.e., in countries where...
Persistent link: https://www.econbiz.de/10013021471
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An Assignment Theory of Foreign Direct Investment
Nocke, Volker; Yeaple, Stephen R. - 2021
We develop an assignment theory to analyze the volume and composition of foreign direct investment (FDI). Firms conduct FDI by either engaging in greenfield investment or in cross-border acquisitions. Cross-border acquisitions involve firms trading heterogeneous corporate assets to exploit...
Persistent link: https://www.econbiz.de/10013218332
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Foreign Ownership and Employment Growth in Indonesian Manufacturing
Lipsey, Robert E. - 2010
. Foreign takeover of a domestically-owned plant, on average, brings a large immediate expansion of employment …
Persistent link: https://www.econbiz.de/10013144499
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Cherries for Sale : Export Networks and the Incidence of Cross-Border M&A
Blonigen, Bruce A. - 2012
evidence that both the established export networks and productivity losses among target firms promote takeover by foreign …
Persistent link: https://www.econbiz.de/10013100356
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Surviving the Global Financial Crisis : Foreign Ownership and Establishment Performance
Alfaro, Laura - 2011
We examine the differential response of establishments to the recent global financial crisis with particular emphasis on the role of foreign ownership. Using a worldwide establishment panel dataset, we investigate how multinational subsidiaries around the world responded to the crisis relative...
Persistent link: https://www.econbiz.de/10013123691