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Foreign and domestic takeovers in Germany : cherry-picking and lemon-grabbing
Weche-Gelübcke, John P. - 2012
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
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Foreign and domestic takeovers in Germany : first comparative evidence on the post-acquisition target performance using new data
Weche, John P. - 2012
acquisitions to account for a general takeover effect. The study is based on new high-quality panel data for manufacturing … of utmost topicality. -- post-acquisition performance ; foreign takeover ; manufacturing ; treatment analysis ; Germany …
Persistent link: https://www.econbiz.de/10009613256
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Dissynergies of mergers among local banks
Bloch, Thomas (contributor) - 2008
In this paper, we investigate how bank mergers affect bank revenues and present empirical evidence that mergers among banks have a substantial and persistent negative impact on merging banks' revenues. We refer to merger related negative effects on banks’ revenues as dissynergies and suggest...
Persistent link: https://www.econbiz.de/10003784009
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The impact of cross-border mergers and acquisitions on the acquirers' R&D - firm level evidence
Stiebale, Joel - 2013
This paper provides empirical evidence on the relationship between cross-border acquisitions and innovation activities of the acquirer. For the empirical analysis a unique firm-level data set is constructed that combines survey data for German firms with a merger and acquisition database. After...
Persistent link: https://www.econbiz.de/10011609709
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The impact of foreign acquisitions on the investors' R&D activities : firm-level evidence
Stiebale, Joel - 2010
This paper provides empirical evidence on the relationship between cross-border acquisitions and innovation activities at the firm level. In contrast to previous studies that analyze the effects on innovation in target firms, this paper investigates the effects on the investing firms. For the...
Persistent link: https://www.econbiz.de/10003924470
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Business takeovers and firm growth : empirical evidence from a German panel
Habermann, Harald - 2017
pathways over a period of eight years after business takeover. Using panel data from 1,872 firms, the present article shows … that for the first two years after a business takeover, small firms are subject to negative serial correlation of growth … the behaviour of a firm following a business takeover. …
Persistent link: https://www.econbiz.de/10011637831
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The impact of FDI on innovation in target firms
Stiebale, Joel (contributor); Reize, Frank (contributor) - 2008
share of sales from product innovations is not significantly affected by a foreign takeover for a given amount of innovation …
Persistent link: https://www.econbiz.de/10003729056
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The Success of Bank Mergers Revisited : An Assessment Based on a Matching Strategy
Behr, Andreas - 2016
The question of whether or not mergers and acquisitions have helped to enhance banks' efficiency and profitability has not yet been conclusively resolved in the literature. We argue that this is partly due to the severe methodological problems involved. In this study, we analyze the effect of...
Persistent link: https://www.econbiz.de/10012989277
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Access to finance, foreign ownership, and foreign takeovers in Germany : conference paper
Wagner, Joachim; Weche, John P. - 2014 - February 2014
With this paper we present the first microeconometric analysis of the impact of a foreign acquisition on the target firms' access to finance. By using a large database of German firms we furthermore investigate for the first time the link between foreign ownership and access to finance in...
Persistent link: https://www.econbiz.de/10010481336
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Credit constraints, foreign ownership, and foreign takeovers in Germany
Wagner, Joachim; Weche, John P. - 2013
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...
Persistent link: https://www.econbiz.de/10010187848