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Persistent link: https://www.econbiz.de/10008779689
sharing and knowledge assimilation.● Foreign acquirers tend to acquire complementary knowledge from local targets, adopt dual …
Persistent link: https://www.econbiz.de/10012982344
communication play a pivotal role in acquiring foreign knowledge from multinational enterprises (MNEs) in the CBAs formed after the … crisis. Integration into foreign network and participation of foreign expatriates are significant determinants irrespective …
Persistent link: https://www.econbiz.de/10012982364
This study focuses on ex ante performance of domestic and foreign takeover targets in Germany, one of the most … well as binary response model estimations of takeover probabilities were performed for the manufacturing and service sector … separately. The results showed a diametrically opposing impact of productivity and profitability on the takeover likelihood. This …
Persistent link: https://www.econbiz.de/10009530270
This paper analyzes the effects of cross-border mergers and acquisitions (M&As) on the innovation of European firms. The results indicate a considerable increase in post-acquisition innovation in the merged entity. This is mainly driven by inventors based in the acquirer's country, while...
Persistent link: https://www.econbiz.de/10010401729
of utmost topicality. -- post-acquisition performance ; foreign takeover ; manufacturing ; treatment analysis ; Germany …This study provides the first comparative evidence of foreign and domestic acquisitions in Germany. A propensity score … matching approach combined with a difference-in-difference estimator were performed separately for foreign and domestic …
Persistent link: https://www.econbiz.de/10009613256
In this paper we present the first evidence for a link between foreign ownership and credit constraints for Germany …, one of the world's leading target countries for foreign direct investment. Furthermore, we contribute to the literature by … investigating the impact of a foreign acquisition on the target firms' credit constraints for the first time. We use newly available …
Persistent link: https://www.econbiz.de/10010187848
With this paper we present the first microeconometric analysis of the impact of a foreign acquisition on the target … between foreign ownership and access to finance in Germany, one of the world's leading target countries for foreign direct … statistical offices and from credit rating scores supplied by the leading German credit rating agency. We find foreign owned firms …
Persistent link: https://www.econbiz.de/10010481336
This study examines foreign investors' trading behaviors around merger and acquisition (M&A) announcements in the … Korean stock market (both KOSPI and KOSDAQ markets). We find evidence that foreign investors are more likely to buy target … stocks with larger wealth effects on the KOSPI market. In contrast, our results reveal that both foreign and domestic …
Persistent link: https://www.econbiz.de/10012849355
Acquisition growth is not a common theme in entrepreneurship research. Entrepreneurial growth has traditionally been addressed as organic growth, i.e. as internal expansion through the extension of existing operations and internally induced process and product innovations. We contend that...
Persistent link: https://www.econbiz.de/10012773465