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sharing and knowledge assimilation.● Foreign acquirers tend to acquire complementary knowledge from local targets, adopt dual …
Persistent link: https://www.econbiz.de/10012982344
communication play a pivotal role in acquiring foreign knowledge from multinational enterprises (MNEs) in the CBAs formed after the … crisis. Integration into foreign network and participation of foreign expatriates are significant determinants irrespective …
Persistent link: https://www.econbiz.de/10012982364
This study focuses on ex ante performance of domestic and foreign takeover targets in Germany, one of the most … well as binary response model estimations of takeover probabilities were performed for the manufacturing and service sector … separately. The results showed a diametrically opposing impact of productivity and profitability on the takeover likelihood. This …
Persistent link: https://www.econbiz.de/10009530270
This paper analyzes the effects of cross-border mergers and acquisitions (M&As) on the innovation of European firms. The results indicate a considerable increase in post-acquisition innovation in the merged entity. This is mainly driven by inventors based in the acquirer's country, while...
Persistent link: https://www.econbiz.de/10010401729
With this paper we present the first microeconometric analysis of the impact of a foreign acquisition on the target … between foreign ownership and access to finance in Germany, one of the world's leading target countries for foreign direct … statistical offices and from credit rating scores supplied by the leading German credit rating agency. We find foreign owned firms …
Persistent link: https://www.econbiz.de/10010481336
of utmost topicality. -- post-acquisition performance ; foreign takeover ; manufacturing ; treatment analysis ; Germany …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 …
Persistent link: https://www.econbiz.de/10009613256
In this paper we present the first evidence for a link between foreign ownership and credit constraints for Germany …, one of the world's leading target countries for foreign direct investment. Furthermore, we contribute to the literature by … investigating the impact of a foreign acquisition on the target firms' credit constraints for the first time. We use newly available …
Persistent link: https://www.econbiz.de/10010187848
This study examines foreign investors' trading behaviors around merger and acquisition (M&A) announcements in the … Korean stock market (both KOSPI and KOSDAQ markets). We find evidence that foreign investors are more likely to buy target … stocks with larger wealth effects on the KOSPI market. In contrast, our results reveal that both foreign and domestic …
Persistent link: https://www.econbiz.de/10012849355
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