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https://hdl.handle.net/10419/56780
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Arndt, Christian | en |
dc.contributor.author | Mattes, Anselm | en |
dc.date.accessioned | 2010-12-08 | - |
dc.date.accessioned | 2012-04-10T14:04:33Z | - |
dc.date.available | 2012-04-10T14:04:33Z | - |
dc.date.issued | 2010 | - |
dc.identifier.uri | http://hdl.handle.net/10419/56780 | - |
dc.description.abstract | FDI is an important channel for productivity spillovers across economies. But productivity and employment effects of cross-border mergers and acquisitions (M&A) on multinational firms are rather unclear and much disputed. We empirically analyze the effects of cross-border M&A on the performance of multinationals in Germany using new data on the firm-level. In order to control for possible selection biases we use a propensity score matching approach. We find that, first, foreign-owned multinationals are smaller but more productive than their domestic counterparts in the mean. But controlling for differences in the industrial composition and firm size, foreign-owned multinationals are larger in terms of capital, sales, and value added. The difference of total factor productivity amounts to 6 %. Second, multinationals show quite heterogeneous performances after cross-border M&A. Third, we do not find an average causal effect of cross-border M&A on the employment of the acquired multinational firm. But most importantly, the causal effect of cross-border M&A on the multinationals' productivity is positive and significant. | en |
dc.language.iso | eng | en |
dc.publisher | |aInstitut für Angewandte Wirtschaftsforschung (IAW) |cTübingen | en |
dc.relation.ispartofseries | |aIAW Diskussionspapiere |x62 | en |
dc.subject.jel | F21 | en |
dc.subject.jel | F23 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | FDI | en |
dc.subject.keyword | Spillover | en |
dc.subject.keyword | foreign ownership | en |
dc.subject.keyword | cross-border M&A | en |
dc.subject.keyword | productivity | en |
dc.subject.keyword | employment effects | en |
dc.subject.stw | Multinationales Unternehmen | en |
dc.subject.stw | Übernahme | en |
dc.subject.stw | Fusion | en |
dc.subject.stw | Direktinvestition | en |
dc.subject.stw | Produktivität | en |
dc.subject.stw | Spillover-Effekt | en |
dc.subject.stw | Beschäftigungseffekt | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Deutschland | en |
dc.title | Cross-border mergers and acquisitions of multinational firms: New firm-level evidence | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 64130739X | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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