Wagner, Joachim; Gelübcke, John P. Weche - Centre of Excellence for Science and Innovation … - 2013
In this paper we present the first evidence for a link between foreign ownership and credit constraints for Germany … investigating the impact of a foreign acquisition on the target firms' credit constraints for the first time. We use newly available … acquisition appears to be correlated with credit constraints, there is no impact of foreign takeovers on the credit constraints of …