Showing 1 - 10 of 2,897
We study the effect of corporate board structure on firm performance under different product market conditions. Using customer-supplier links to identify exogenous downstream demand shocks, we find that board independence has a more significant effect on firm performance when the firm-specific...
Persistent link: https://www.econbiz.de/10012899406
This paper examines the employment effects of acquisitions for acquired European firms taking non-random selection of acquisition targets explicitly into account. Following the empirical firm growth literature and theories put forward in the mergers and acquisition (M&A) literature we control...
Persistent link: https://www.econbiz.de/10009731774
This paper uses a rich panel data set of Indian manufacturing firms to analyze the effects of domestic and international acquisitions on various outcomes at target firm and product level. We apply recent methodological advances in the estimation of production functions together with information...
Persistent link: https://www.econbiz.de/10011548253
We examine thousands of U.S. private equity (PE) buyouts from 1980 to 2013, a period that saw huge swings in credit market tightness and GDP growth. Our results show striking, systematic differences in the real-side effects of PE buyouts, depending on buyout type and external conditions....
Persistent link: https://www.econbiz.de/10012631151
This study analyses the impact of mergers and acquisitions on performance of Indian pharmaceutical firms following the implementation of TRIPS in 1995. In order to identify adequately the effect of mergers, we investigate the impact on firm performance of the merged vis-a-vis the non-merged...
Persistent link: https://www.econbiz.de/10014447624
This paper analyzes how firms with different financial strength levels respond to demand shocks in their export markets. We utilize unique administrative datasets of Swedish and Finnish firms matched with national customs data from 1999 to 2014, which allows us to analyze the effects of several...
Persistent link: https://www.econbiz.de/10014425970
Purpose: Corporate governance in essence is designed to lead to economic growth. Nevertheless, despite placing great emphasis on promoting corporate governance practices over the years, countries in Sub-Saharan Africa (SSA) have so far achieved insignificant or no economic growth. This, however,...
Persistent link: https://www.econbiz.de/10013332109
Efficiency is considered a key factor when evaluating a bank's performance. Moreover, efficiency enhancement is an … explicit policy objective in the Single Market Directive of the European Commission. But efficiency improvements may come at … of performance in response to efficiency improvements remain often unclear on both theoretical and empirical grounds. We …
Persistent link: https://www.econbiz.de/10010295921
efficiency increases within exporting firms over time. While there is strong evidence for the former, the latter has received … little support in the data. Previous research has documented minuscule or no efficiency gains within exporting plants. This … efficiency measure that is not affected by prices. We find that marginal costs drop substantially when plants begin to export …
Persistent link: https://www.econbiz.de/10013082084
This paper applies a data envelopment analysis (DEA) to study the efficiency and productivity changes in the Swiss … cantonal bank sector in the period 2006-2014. The efficiency analysis is conducted by applying the production input … is related to a frontier-shift (technological innovation) rather than to improvements in the technical efficiency. The …
Persistent link: https://www.econbiz.de/10012844654