Showing 1 - 10 of 12
This Paper examines the impact of mergers and acquisitions on the remuneration of the CEOs in a large unbalanced panel of UK firms, over the period 1981-96. We find significant and substantial executive pay increases in excess of those generated by the growth in firm size consequent upon the...
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.K. manufacturing. It finds that the rate of productivity change following a foreign take-over is higher the higher the pre …-acquisition productivity level of the acquired firm, indicating the importance of absorptive capacity. However, beyond some critical level of … initial productivity, the rate of technology transfer due to foreign acquisition starts to decline. It seems that U …
Persistent link: https://www.econbiz.de/10005715105
The first aim of this paper is to decompose the productivity advantage of foreign multinationals into two components … two components of productivity growth. We do so by analyzing the effects of an acquisition of a domestic establishment by … rate of technology transfer from the MNE parent companies, (iii) the productivity growth effects are not confined to the …
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This paper investigates the impact of foreign acquisition on domestic firm productivity. In contrast to previous … changes. It finds evidence of significant positive productivity effects following acquisition by US and European … multinationals, at least in technology importing industries. Higher productivity gains are achieved the more competitive the industry …
Persistent link: https://www.econbiz.de/10005632736
This paper calculates returns to scale and productivity growth in UK manufacturing establishments in the electronics … productivity growth. We use a matching and difference-in-differences methodology which allows us to construct a reasonable … counterfactual and to determine the post-acquisition changes in RTS and productivity that can be attributed to the incidence of …
Persistent link: https://www.econbiz.de/10005791647
Before and after its accession to the WTO in 2001, China has undergone a far-reaching investment liberalisation. As … positively to China's "science and technology take-off". …
Persistent link: https://www.econbiz.de/10011265651
We investigate whether inward FDI, either at the firm or industry level, has any impact on product innovation by Chinese State owned enterprises (SOEs). We use a comprehensive firm level panel data set of Chinese SOEs covering the period 1999 to 2003. Our results show that foreign capital...
Persistent link: https://www.econbiz.de/10005703273