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Cross-Border Acquisitions and Target Firms' Performance : Evidence from Japanese Firm-Level Data
Fukao, Kyoji - 2010
acquisition target based on its productivity level, profitability and other characteristics and whether the performance of … acquisitions improved target firms%u2019 productivity and profitability significantly more and quicker than acquisitions by … domestic firms.Moreover, we find that there is no positive impact on target firms%u2019 profitability in the case of both …
Persistent link: https://www.econbiz.de/10012760742
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Globalization, Governance, and the Returns to Cross-Border Acquisitions
Ellis, Jesse A. - 2011
Using a sample of control cross-border acquisitions from 61 countries from 1990 to 2007, we find that acquirers from countries with better governance gain more from such acquisitions and their gains are higher when targets are from countries with worse governance. Other acquirer country...
Persistent link: https://www.econbiz.de/10013131665
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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
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Foreign Ownership of U.S. Safe Assets : Good or Bad?
Favilukis, Jack Y - 2014
The last 20 years have been marked by a sharp rise in international demand for U.S. reserve assets, or safe stores-of-value. What are the welfare consequences to U.S. households of these trends, or of a reversal? In a lifecycle model with aggregate and idiosyncratic risks, the young and oldest...
Persistent link: https://www.econbiz.de/10013058251
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Foreign Owners and Plant Survival
Bernard, Andrew B.; Sjoholm, Fredrik - 2021
In recent years, international capital flows of all types have increased dramatically and most governments have been actively encouraging inflows of direct investment. However, concerns remain that reliance on foreign multinationals may be a risky development strategy as foreign firms are likely...
Persistent link: https://www.econbiz.de/10013224697
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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
acquisition year. In the years following the acquisition, sales and employment decline while profitability rises, suggesting …
Persistent link: https://www.econbiz.de/10013226196
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Chains of Ownership, Regional Tax Competition, and Foreign Direct Investment
Desai, Mihir A.; Foley, C. Fritz; Hines Jr., James R. - 2021
This paper considers the effect of taxation on the location of foreign direct investment (FDI) and taxable income reported by multinational firms with particular attention to the regional dynamics of tax competition and the role of chains of ownership. Confidential affiliate-level data are used...
Persistent link: https://www.econbiz.de/10013239947
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Globalized Israel : High Tech Prowess and Buttressing FDI
Razin, Assaf - 2017
The paper reviews the crucial role which globalization forces played in Israel's transformation from low tech to high …
Persistent link: https://www.econbiz.de/10012960794
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Global Production with Export Platforms
Tintelnot, Felix - 2016
Most international commerce is carried out by multinational firms, which use their foreign affiliates both to serve the market of the host country and to export to other markets outside the host country. In this paper, I examine the determinants of multinational firms' location and production...
Persistent link: https://www.econbiz.de/10012992631
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The Global Agglomeration of Multinational Firms
Alfaro, Laura - 2010
The explosion of multinational activities in recent decades is rapidly transforming the global landscape of industrial production. But are the emerging clusters of multinational production the rule or the exception? What drives the offshore agglomeration of multinational firms in comparison to...
Persistent link: https://www.econbiz.de/10013149830