We use the World Bank enterprise survey for the Egyptian manufacturing sector to study the correlation between the ownership structure (private vs. public, Egyptian vs. Arab foreign vs. non-Arab foreign) and firm performance, which we measure as sales per worker, capacity utilization, and net...

Zahlreiche Märkte sind durch die Coronavirus-Pandemie von Unternehmensaufgaben und Insolvenzen, Unternehmenszusammenschlüssen und verminderten Gründungsanreizen betroffen. Durch den Digitalisierungsschub infolge der Kontaktbeschränkungen ist zudem zu erwarten, dass Digitalmärkte mit...

Die deutsche Wirtschaft steht vor großen Herausforderungen. Neben Digitalisierung und Klimawandel wird im Zuge der COVID-19-Pandemie und des russischen Angriffs auf die Ukraine auch eine mögliche Deglobalisierung diskutiert. Diese Entwicklungen wirken sich nicht zuletzt auf bestehende...

Weltweit diskutieren Wissenschaftler und Politiker sowie Vertreter von Wettbewerbsbehörden und Finanzmarktregulierern die Bedeutung indirekter Unternehmensverflechtungen über institutionelle Anleger für den Wettbewerb zwischen den verflochtenen Unternehmen. Das Risikopotenzial ergibt sich...

This paper documents the relationship between foreign ownership and firm survival for enterprises in Germany using unique tailor-made new representative data that merge information from surveys performed by the Statistical Offices, from administrative data collected by the Tax Authorities and...

Recent empirical studies suggest that there is a rising trend of market power across sectors in advanced economies. We contribute to this line of research by providing industry-specific evidence for German manufacturing industries, based on representative high-quality firm level data from...

In this paper we present the first evidence for a link between foreign ownership and credit constraints for Germany, one of the world's leading target countries for foreign direct investment. Furthermore, we contribute to the literature by investigating the impact of a foreign acquisition on the...

This is the first study of the link between internationalization and firm survival during the 2008/2009 crisis in Germany, a country which was hit relatively lightly compared to other countries. Moreover, it is the first study which looks at the role of importing, exporting and FDI...

With this paper we present the fi rst microeconometric analysis of the impact of a foreign acquisition on the target fi rms' access to fi nance. By using a large database of German firms we furthermore investigate for the first time the link between foreign ownership and access to finance in...