Showing 1 - 10 of 3,440
This study focuses on ex ante performance of domestic and foreign takeover targets in Germany, one of the most … separately. The results showed a diametrically opposing impact of productivity and profitability on the takeover likelihood. This … well as binary response model estimations of takeover probabilities were performed for the manufacturing and service sector …
Persistent link: https://www.econbiz.de/10010294465
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 … acquisitions to account for a general takeover effect. The study is based on new high-quality panel data for manufacturing …
Persistent link: https://www.econbiz.de/10010294459
This paper examines the firm-level determinants of foreign acquisitions of New Zealand companies, and the consequences … foreign firms tend to target high-performing New Zealand companies. Acquired firms then exhibit higher growth in average wages … intensity. We find no evidence of differential survival rates for recently acquired foreign firms. …
Persistent link: https://www.econbiz.de/10012115631
In this work we investigate two crucial dimensions of firms' structure and dynamics, that is profitability and … external credit. We also offer an initial understanding about how profitability and productivity relate with a third dimension …
Persistent link: https://www.econbiz.de/10010328632
and gender) and its performance (productivity and profitability) for a large representative sample of enterprises from …' profitability, which is consistent with deferred compensation considerations. Moreover, our analysis reveals for the first time that … with a lower level of profitability in these firms. If anything, profitability is (slightly) higher in firms with a larger …
Persistent link: https://www.econbiz.de/10010282402
foreign subsidiaries in Poland pay more (in wages and capital), earn less (in terms of profitability or ROA) and work harder …Foreign subsidiary performance and market efficiency effects are estimated and confronted in this paper using a rich … calculated and contrasted such as labor productivity, employment growth, markup levels and profitability. The findings show that …
Persistent link: https://www.econbiz.de/10011430827
empirical findings regarding ownership structure and corporate profitability. In this paper, we re-estimate the relation between …
Persistent link: https://www.econbiz.de/10010332313
share of sales from product innovations is not significantly affected by a foreign takeover for a given amount of innovation …This paper contributes to the ongoing debate on the welfare effects of foreign direct investment by investigating the … selection bias, it is found that foreign takeovers have a large negative impact on the propensity to perform innovation …
Persistent link: https://www.econbiz.de/10010264721
national government whose objective function may include a bias against the foreign takeover. That bias endogenously results … qualitatively different effect. The foreign takeover would then only emerge in an intermediate range of trade costs. Once trade … integration reaches a critical level the biased government starts to block the foreign takeover and instead opens the door for the …
Persistent link: https://www.econbiz.de/10010264736
We analyze an oligopolistic market where a domestic and a foreign firm are engaged in a takeover battle for a domestic … of government. With an unbiased competition agency we find that the foreign takeover is more likely to occur the higher … foreign attempts to acquire domestic firms. …
Persistent link: https://www.econbiz.de/10010268252