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In this article, we examine the effect of acquisitions on productivity performance of acquiring firms using the conventional regression analysis and a method of productivity decomposition. Our empirical work uses both plant- and firm-level data taken from the Longitudinal Research Database (LRD)...
Persistent link: https://www.econbiz.de/10005014684
The Center for Economic Studies, U. S. Bureau of the Census, has constructed the "Manufacturing Plant Ownership Change Database" (OCD)using plant-level data taken from the Census Bureau's Longitudinal Research Database (LRD). The OCD contains data on all manufacturing establishments that have...
Persistent link: https://www.econbiz.de/10005014688
This paper reports on the impact of ownership change on productivity, wages, and employment in U.S. food manufacturing for the period 1977-87. Our analysis is based on both firm and plant level data taken from the U. S. Census Bureau's Longitudinal Research Database (LRD). Three principal...
Persistent link: https://www.econbiz.de/10005058601
of microdata in statistical surveys. These data are valuable for economic research and market and policy analysis … commitments, coupled with the strong research demand for microdata, have led the agencies to consider various proposals for … releasing public use microdata. Most proposals for public use microdata call for the development of surrogate data that disguise …
Persistent link: https://www.econbiz.de/10005058613
This paper investigates the motives for mergers and acquisitions in the U.S. meat products industry from1977-92. Results show that acquired meat and poultry plants were highly productive before mergers, and that meat plants significantly improved productivity growth in the post-merger periods,...
Persistent link: https://www.econbiz.de/10005058638
measurement of total factor productivity. Also, when using microdata and more detailed modeling, R&D is found to be a significant …
Persistent link: https://www.econbiz.de/10005058662
Previous studies of mergers and acquisition often focus on firms’ performance such as profits, productivity and market shares. However, from a broad competition policy perspective, the impacts on labor and wages are crucial. In this study, we use plant-level data for the entire U.S....
Persistent link: https://www.econbiz.de/10005058851
Shifts in the production frontier occur because of changes in technology. A model of how a firm learns to use the new technology, or how it adapts from the first production frontier to the second, is suggested. Two different adaptation paths are embodied in a translog cost function and its...
Persistent link: https://www.econbiz.de/10005058864
This paper investigates the questions of what type of establishment experiences ownership change, and how the transferred properties perform after acquisition. Are they the profitable operations suggested by Ravenscraft and Scherer (1986), or the poorly operating ones found by Lichtenberg and...
Persistent link: https://www.econbiz.de/10005058873
We use micro data for 10,412 U.S. manufacturing plants to estimate the degrees of factor substitution by industry and by plant size. We find that (1) capital, labor, energy and materials are substitutes in production, and (2) the degrees of substitution among inputs are quite similar across...
Persistent link: https://www.econbiz.de/10005058892