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Acquisitions, Multinationals and Wage Dispersion

Heyman, Fredrik; Gustavsson Tingvall, Patrik; Sjöholm, … - Institutet för Näringslivsforskning (IFN) - 2006

Multinational firms pay relatively high wages. Less is known about the wage structure within multinational and non-multinational firms. We examine the impact of acquisitions on wage dispersion in Sweden using a large matched employer-employee data set. Foreign acquisitions of Swedish firms...

Persistent link: https://www.econbiz.de/10005645282

Endogenous Asset Ownership Structures in Deregulated Markets

Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2003

This paper determines the equilibrium ownership structure in an emerging market deregulated by privatization and investment liberalization. It is shown that bidding competition in the privatization stage is necessary but not sufficient for reaching an efficient equilibrium market structure....

Persistent link: https://www.econbiz.de/10005645301

On the Treatment of Finance-Specific Factors Within the OLI Paradigm

Oxelheim, Lars; Randøy, Trond; Stonehill, Arthur - Institutet för Näringslivsforskning (IFN) - 2001

This article argues that the body of foreign direct investment (FDI) literature in general and the ownership, location … as drivers of FDI. We suggest that financial strategies involving factors such as debt/equity swaps or equity-listings in … foreign equity markets affect the firm’s relative cost and availability of capital, and motivate a firm’s engagement in FDI …

Persistent link: https://www.econbiz.de/10005645302

FDI, Market Structure and R&D Investments in China

Lundin, Nannan; Sjöholm, Fredrik; He, Ping; Qian, Jinchang - Institutet för Näringslivsforskning (IFN) - 2007

FDI can be an important channel for developing countries’ ability to get access to new technology. The impact of FDI on … demonstration effects could have a positive impact. Another and so far little examined effect of FDI on technology development in … domestically-owned firms is through the impact on competition. We examine the effect of FDI on competition in the Chinese …

Persistent link: https://www.econbiz.de/10005645313

Cross-Border Acquisitions and Corporate Taxes: Efficiency and Tax Revenues

Norbäck, Pehr-Johan; Persson, Lars; Vlachos, Jonas - Institutet för Näringslivsforskning (IFN) - 2006

We find that reduced foreign corporate taxes may lead to inefficient foreign acquisitions if complementarities between foreign and domestic assets are low, and to efficient foreign acquisitions if such complementarities are high. Moreover, with large complementarities, foreign acquisitions can...

Persistent link: https://www.econbiz.de/10005645321

Privatization and Foreign Competition

Persson, Lars; Norbäck, Pehr-Johan - Institutet för Näringslivsforskning (IFN) - 2001

This paper determines the equilibrium market structure in a mixed international oligopoly, where the state assets are sold at an auction. The model suggests that low greenfield costs and low trade costs induce foreign acquisitions. The intuition is that domestic firms can then not prevent...

Persistent link: https://www.econbiz.de/10005645330

Asymmetric Effects of Corruption on FDI: Evidence from Swedish Multinational Firms

Hakkala, Katariina; Norbäck, Pehr-Johan; Svaleryd, Helena - Institutet för Näringslivsforskning (IFN) - 2005

We examine the effect of corruption on foreign direct investments. Our model shows that corruption may have different effects on investments aimed at selling to a local market, in comparison to investments aimed at selling from the corrupt market. Using Swedish firm-level data, we find that...

Persistent link: https://www.econbiz.de/10005645332

Cross-Border Acquisitions and Greenfield Entry

Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2002

We investigate the interaction between cross-border acquisitions and greenfield entry in a multi-firm setting. It is shown that the net profits of the acquirer may decrease when the acquisition gives the acquirer a strong position in the product market, relative to greenfield entrants. The...

Persistent link: https://www.econbiz.de/10005645397

Investment Liberalization - Who Benefits from Cross-Border Mergers & Acquisitions?

Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2001

Investment liberalizing countries are often concerned that cross-border mergers & acquisitions might have an adverse effect on domestic firms and benefit multinational enterprises (MNEs). However, given that domestic assets are sufficiently scarce, we identify a preemption effect and an asset...

Persistent link: https://www.econbiz.de/10005645427

Efficiency and Ownership Structure – The Case of Poland

Modén, Karl-Markus; Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2007

We examine the effects of foreign entry on productive efficiency during the Polish investment liberalization. The performance of foreign acquisitions is compared to foreign firms entering the market through greenfield entry, as well as domestic acquisitions of privatized firms, domestic...

Persistent link: https://www.econbiz.de/10005645439