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Many developing countries would like to increase the share of modern or formal sectors in their employment. One way to accomplish this goal may be to encourage the entrance of foreign firms. They are typically relatively large, with high productivity and good access to foreign markets, and might...
Persistent link: https://www.econbiz.de/10010320281
This paper examines the employment effects of acquisitions for acquired European firms taking non-random selection of … types of acquisitions. Empirically, we estimate an endogenous treatment model using accounting data for a newly created … acquisitions. …
Persistent link: https://www.econbiz.de/10010293354
Results of many previous studies on the rate of small business failure suggest an inverse relationship between size of business and propensity to fail. However, it has been suggested that this inverse relationship, between firm size and the rate of discontinuance, may more accurately be...
Persistent link: https://www.econbiz.de/10011310370
expected target value, and uncertainty, determine value appropriation in acquisitions. …
Persistent link: https://www.econbiz.de/10010325204
This paper explains why consolidation acquisitions occur in waves and it predicts the differing role each firm is … initial acquisition triggers a wave of follow-on acquisitions, where the process of asset accumulation by the consolidator is … accelerated since the value of follow-on acquisitions is enhanced by the more concentrated industry structure. An initial …
Persistent link: https://www.econbiz.de/10010325365
Do shareholders of acquiring companies profit from acquisitions, or do acquiring CEOs overbidand destroy shareholder …
Persistent link: https://www.econbiz.de/10010326182
sold at an auction. The model suggests that low greenfield costs and low trade costs induce foreign acquisitions. The …
Persistent link: https://www.econbiz.de/10010334727
This paper describes how large, typically multi-technology corporations build up and exploit their technological capability by purchasing small, technology-based firms in order to acquire their technology. The frequency, possible causes and economic effects of this phenomenon are elaborated,...
Persistent link: https://www.econbiz.de/10010334830
This paper determines the equilibrium market structure in an international oligopoly which is opened up by a privatization. Market power is shown to be an important determinant of the equilibrium market structure, when greenfield investment costs are high. When the greenfield investment costs...
Persistent link: https://www.econbiz.de/10010335161
I examine the effects of privatization, in the form of acquisitions, in the Swedish electricity distribution sector. As … bordering networks that were separately operated by each municipality prior to the acquisitions, I examine to what extent the …
Persistent link: https://www.econbiz.de/10011917015