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the relevance of borders has decreased over time. For the EU 15, we investigate the expected integration process of the … market for corporate control - an illustrative market for studying integration issues - over the period from 1995 to 2007 … introduction of the euro may have led to accelerated integration. However, thereafter we find no evidence for further progress …
Persistent link: https://www.econbiz.de/10010301320
the relevance of borders has decreased over time. For the EU 15, we investigate the expected integration process of the … market for corporate control - an illustrative market for studying integration issues - over the period from 1995 to 2007 … introduction of the euro may have led to accelerated integration. However, thereafter we find no evidence for further progress …
Persistent link: https://www.econbiz.de/10010271607
This study investigates the determinants of changes in corporate ownership and firm failure, taking into account different types of sellers and buyers of control blocks. For a large panel of German corporations we find that firms are more likely to fail or to be sold when performance is poor,...
Persistent link: https://www.econbiz.de/10010297800
directions since then: Italy privatized its publicly-owned banks while Germany has maintained a large share of state …
Persistent link: https://www.econbiz.de/10010298779
We estimate the effects of foreign direct investment (FDI) acquisitions on firm-average and worker-specific wages using universal firm-level panel data and linked employer-employee data for Hungary. Our identification strategy exploits a 23 year-long panel with 4,926 foreign acquisitions to...
Persistent link: https://www.econbiz.de/10010494721
We examine the role of cost uncertainty in a firm's choice between exporting and foreign investment in oligopolistic industry. We consider both foreign direct investment and an international joint venture, and allow country-specific and firm-specific cost uncertainty. Unlike exporting, either...
Persistent link: https://www.econbiz.de/10010332410
Using rich administrative data from the Netherlands, we study the consequences of firm consolidation for workers. For workers at acquired firms, takeovers are associated with a 8.5% drop in employment at the consolidated firm and a 2.6% drop in total labor income. These effects are persistent...
Persistent link: https://www.econbiz.de/10014480422
Motivated by anecdotal as well as econometric evidence from Italy, we ask whether private schools can provide lower … offering at a positive price lower quality than the public school can be an equilibrium. The calibrated parameters for Italy …
Persistent link: https://www.econbiz.de/10010262077
inputs off-shoring. Third, in terms of the productivity dynamics over the period 1998-2003, exporters' performance in Italy …
Persistent link: https://www.econbiz.de/10010270935
the immigration of foreigners replaces domestic mobility from poor to rich regions. We focus on Italy, which is …
Persistent link: https://www.econbiz.de/10010271297