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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

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

Cross-border M&As and innovative activity of acquiring and target firms

Stiebale, Joel - 2014

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

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

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

Impact of Controlled Foreign Corporation Rules on Post-Acquisition Investment and Profit Shifting in Targets

von Hagen, Dominik - 2017

We investigate real investment, financial revenues and profits in formerly domestic firms once they enter a multinational entity (MNE) through an acquisition. We argue that following the acquisition, those targets are tax-optimized in a profit shifting context if they are acquired by MNEs with...

Persistent link: https://www.econbiz.de/10012941884

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

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

The effects of bank mergers on small business lending in Germany

Bloch, Thomas (contributor) - 2008

In this paper, we examine the impact of mergers among German savings banks on the extent to which these savings banks engage in small business lending. The ongoing consolidation in the banking industry has sparked concerns about the continuous availability of credit to small businesses which has...

Persistent link: https://www.econbiz.de/10003784021

Evaluating the German Bank Merger Wave

Koetter, Michael - 2016

Persistent link: https://www.econbiz.de/10012989318

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