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 target firms' credit constraints for the first time. We use newly available …

between foreign ownership and access to finance in Germany, one of the world's leading target countries for foreign direct …With this paper we present the first microeconometric analysis of the impact of a foreign acquisition on the target … statistical offices and from credit rating scores supplied by the leading German credit rating agency. We find foreign owned firms …