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We use a plant level survey to identify interactions between domestic plants and foreign direct investment (FDI) in … where a large greenfield foreign plant produces and districts where FDI in the same industry and around the same time was …
Persistent link: https://www.econbiz.de/10012829230
The purpose of our paper is to examine the profitability and social desirability of both domestic and foreign mergers … refer to hollowing-out as the situation where the target firm is shut down following a merger with a domestic or foreign … firm. This happens regardless of the origin of the acquirer, domestic or foreign. We also show that there are instances …
Persistent link: https://www.econbiz.de/10003933343
profit shifting context if they are acquired by MNEs with no controlled foreign corporation (CFC) rules in their headquarters …
Persistent link: https://www.econbiz.de/10012941884
crisis, relatively small target firms, and domestic rather than foreign acquisitions. …
Persistent link: https://www.econbiz.de/10011671647
Using a cross-country sample of mergers and acquisitions, we examine the role of cultural, institutional, geographic and managerial factors on post-merger default risk. Our results are consistent with the asymmetric hypothesis that managers take advantage of the overvaluation and volatility of...
Persistent link: https://www.econbiz.de/10013058826
This paper studies why small acquirors realize better announcement window abnormal returns than large acquirors. Using a sample of 12,493 completed mergers announced between 1980 and 2010, it finds that much of the differential is due to market inefficiencies. It finds that (i) the presence of...
Persistent link: https://www.econbiz.de/10012965942
Prior empirical studies provide evidence that the learning-curve perspective from manufacturing settings is not directly applicable to strategic management settings. In the latter case learning relates to the quality rather than to the quantity of experience. Regarding the antecedents of...
Persistent link: https://www.econbiz.de/10011488402
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