Similar Search Results

Foreign Entry into U.S. Manufacturing by Takeovers and the Creation of New Firms

Lipsey, Robert E.; Feliciano, Zadia Maria - 2021

Using U.S. Bureau of Economic Analysis data for individual foreign acquisitions and new establishments in the U.S from 1988 to 1998, and aggregate data for 1980 to 1998, we find that acquisitions and establishments of new firms tend to occur in periods of high U.S. growth and take place mainly...

Persistent link: https://www.econbiz.de/10013224850

Export Versus FDI

Helpman, Elhanan; Melitz, Marc J.; Yeaple, Stephen R. - 2021

This paper builds a multi-country, multi-sector general equilibrium model that explains the decision of heterogeneous firms to serve foreign markets either through exports or local subsidiary sales (FDI). These modes of market access involve different relative costs, some of which are sunk while...

Persistent link: https://www.econbiz.de/10013232882

Expansion Strategies of U.S. Multinational Firms

Hanson, Gordon H.; Mataloni, Raymond J.; Slaughter, … - 2022

Recent theoretical work tends to characterize multinational enterprises as arising through either horizontal or vertical foreign direct investment (FDI). Empirical research tends to find stronger support for the former than for the latter. In this paper, we use recent, detailed data on U.S....

Persistent link: https://www.econbiz.de/10013292461

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

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

Cross-Border Acquisitions and Target Firms' Performance : Evidence from Japanese Firm-Level Data

Fukao, Kyōji - 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

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

Quid Pro Quo : Technology Capital Transfers for Market Access in China

Holmes, Thomas J. - 2014

Despite the recent rapid development and greater openness of China's economy, FDI flows between China and technologically advanced countries are relatively small in both directions. We assess global capital flows in light of China's quid pro quo policy of exchanging market access for transfers...

Persistent link: https://www.econbiz.de/10013063404

Heterogeneous Frictional Costs Across Industries in Cross-Border Mergers and Acquisitions

Blonigen, Bruce A. - 2016

While there has been significant research to explore the determinants (and frictions) of foreign direct investment (FDI), past literature primarily focuses on country-wide FDI patterns with little examination of sectoral heterogeneity in FDI. Anecdotally, there is substantial sectoral...

Persistent link: https://www.econbiz.de/10012984746

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