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Previous work on exit in declining industries has neglected mergers. We examine a simple model that predicts which declining industries experience horizontal mergers. Mergers are more likely if 1) market concentration is high; 2) the inverse demand curve is steep at high levels of output and...
Persistent link: https://www.econbiz.de/10010334622
some of the MNEs' initial rents. Moreover, other policies used in times of investment liberalization, such as restructuring …
Persistent link: https://www.econbiz.de/10010334722
divergence should urge on a wave of restructuring in the EMU, conditioned upon adequate policy responses. The worst-case scenario …
Persistent link: https://www.econbiz.de/10010335179
Persistent link: https://www.econbiz.de/10010335184
costs, and the institutional environment. This paper studies the restructuring of C&T-trade from the perspective of Europe … restructuring of C&T-trade. We show that international C&T-production became more concentrated between 1995 and 2009. In a further … international pressure from low-wage countries, whereas in Italy restructuring of C&Ttrade had comparatively less severe effects. …
Persistent link: https://www.econbiz.de/10011552046
Die Beschlüsse des EU-Gipfels vom 26. und 27. Oktober sehen wichtige Schritte zur Bewältigung der Griechenlandkrise vor. Sie erleichtern Griechenlands Schuldensituation und verschaffen dem Land so finanzielle Spielräume, um Reformen umzusetzen. Eine Ablehnung von Reformen würde zu im Moment...
Persistent link: https://www.econbiz.de/10011602429
Job polarization can pose serious problems for emerging economies that rely on worker reallocation from low-skilled to middle-skilled jobs to converge toward advanced economies. Evidence from Central and Eastern European (CEE) countries shows that structural change and education expansion can...
Persistent link: https://www.econbiz.de/10011662669
When the new Restructuring Law entered into force on 1 January 2016, it opened a lot of possibilities for entrepreneurs … developed method of a private creditor test for the restructuring of a company in which one of the authors participated as an … the process of debtor restructuring. The method was developed on the basis of hitherto studies and practical experience of …
Persistent link: https://www.econbiz.de/10011984380
institutional infrastructure. Adjusting to the new business environment is realized through a restructuring process, which aims to …
Persistent link: https://www.econbiz.de/10011985088
To examine the productivity, employment and wage effects of ICT, we apply novel occupation based measures of organisational change within firms. With these measures, we directly address the complementarities between ICT and organisational changes. Our results support the view that organisational...
Persistent link: https://www.econbiz.de/10012037555