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Foreign and domestic takeovers in Germany: First comparative evidence on the post-acquisition target performance using new data
Weche Gelübcke, John P. - 2012
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....
Persistent link: https://www.econbiz.de/10010294459
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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 important FDI inflow destinations worldwide. Using a new database from German official statistics, unconditional comparisons as well as binary response model estimations of takeover...
Persistent link: https://www.econbiz.de/10010294465
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Who is afraid of political risk? Multinational firms and their choice of capital structure
Kesternich, Iris; Schnitzer, Monika - 2009
This paper investigates how multinational firms choose the capital structure of their foreign affiliates in response to political risk. We focus on two choice variables, the leverage and the ownership structure of the foreign affiliate, and we distinguish different types of political risk, such...
Persistent link: https://www.econbiz.de/10010298749
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The effects of convergence: Internationalisation and the changing distribution of net value added in large German firms
Hassel, Anke; Beyer, Jürgen - 2001
. Da der Übernahmemarkt in Deutschland jedoch noch immer stark unterwickelt ist, bleiben weitere Auswirkungen abzuwarten. …
Persistent link: https://www.econbiz.de/10010303875
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The Impact of FDI on Innovation in Target Firms
Stiebale, Joel; Reize, Frank - 2008
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...
Persistent link: https://www.econbiz.de/10010264721
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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/10010269979
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International M&A: Evidence on effects of foreign takeovers
Mattes, Anselm - 2010
In this empirical paper I address the effects of international mergers and acquisitions (M&A) on the acquired firms. International direct investments in the home country are usually welcomed and considered to be beneficial for growth, employment, productivity and technological progress. This is...
Persistent link: https://www.econbiz.de/10010271462
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The effects of taxation on the location decision of multinational firms: M&A vs. Greenfield investments
Hebous, Shafik; Ruf, Martin; Weichenrieder, Alfons J. - 2010
In this study, we estimate the impacts of differences in international tax rates on the probability of choosing a location for an affiliate of a multinational firm. In particular, we distinguish between the tax sensitivity of Greenfield and M&A investments. Based on a novel firm-level dataset on...
Persistent link: https://www.econbiz.de/10010277219
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Unternehmensübernahmen und Technologietransfer durch China: Gefahrenpotenziale und Gegenmaßnahmen
Matthes, Jürgen - 2020
In Deutschland und Europa ließ die Übernahme des Roboterherstellers KUKA AG durch die chinesische Midea Group Co., Ltd … die Verschärfung der Investitionspolitik gegenüber Unternehmensübernahmen aus Drittstaaten in der EU, in Deutschland und … in ihrer Handlungsfähigkeit behindert werden. Auch die avisierte Umsetzung der neuen EU-Vorschriften in Deutschland …
Persistent link: https://www.econbiz.de/10012251215
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Ausländische Unternehmen und Übernahmeeffekte: Neue Fakten für Deutschland
Weche Gelübcke, John P. - In: Wirtschaftsdienst 93 (2013) 4, pp. 247-251
Die Übernahme deutscher Firmen durch ausländische Investoren und die allgemeine Präsenz derselben wird zwiespältig beurteilt: Auf der einen Seite werden Investitionen gefördert, um von Produktivitäts-Spillovern zu profitieren, andererseits wird befürchtet, dass es unter anderem zu einem...
Persistent link: https://www.econbiz.de/10010516331