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This paper contributes to the ongoing debate on the welfare effects of foreign direct investment by investigating the effects of cross-border mergers and acquisitions on innovation activities in target firms. The empirical analysis is based on survey and ownership data for a large sample of...
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merger related effects on small business lending in Germany from a bank-level perspective. Furthermore, we estimate small … strong evidence that in Germany merging savings banks do not significantly change the extent to which they lend to small … businesses compared to prior to the merger or compared to the contemporaneous lending by non-merging banks. We investigate the …
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