Do Foreign Mergers and Acquisitions Boost Firm Productivity?

doi:10.1016/j.ibusrev.2017.04.003

Publication:
Do Foreign Mergers and Acquisitions Boost Firm Productivity?

dc.contributor.author	Schiffbauer, Marc
dc.contributor.author	Ruane, Frances
dc.date.accessioned	2018-01-29T21:14:00Z
dc.date.available	2018-01-29T21:14:00Z
dc.date.issued	2017-12
dc.description.abstract	This paper examines the causal relationship between foreign mergers and acquisitions (M&A) and the productivity of acquired firms using micro-data from the UK over the period 1999–2007. Our results suggest a significant heterogeneity in the total factor productivity (TFP) effects of foreign M&A at the industry level. Overall, we uncover a systematic pattern of post-acquisition TFP effects that is consistent with the most recent theoretical models of firm heterogeneity and cross-border mergers and acquisitions as mode of foreign entry. Furthermore, we find positive aggregate effects on labor productivity due to capital deepening but not due to changes in TFP.	en
dc.identifier.citation	International Business Review
dc.identifier.doi	10.1596/29255
dc.identifier.issn	0969-5631
dc.identifier.uri	https://hdl.handle.net/10986/29255
dc.publisher	Elsevier
dc.rights	CC BY-NC-ND 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subject	CROSS-BORDER MERGERS
dc.subject	ACQUISITIONS
dc.subject	PRODUCTIVITY
dc.subject	FIRM HETEROGENEITY
dc.title	Do Foreign Mergers and Acquisitions Boost Firm Productivity?	en
dc.type	Journal Article	en
dc.type	Article de journal	fr
dc.type	Artículo de revista	es
dspace.entity.type	Publication
okr.associatedcontent	https://www.sciencedirect.com/science/article/pii/S0969593116301469 Journal website (version of record)	en
okr.crossref.title	Do Foreign Mergers and Acquisitions Boost Firm Productivity?
okr.date.disclosure	2020-05-05
okr.doctype	Publications & Research::Journal Article
okr.doctype	Publications & Research
okr.externalcontent	External Content
okr.identifier.doi	10.1016/j.ibusrev.2017.04.003
okr.identifier.doi	10.1596/29255
okr.identifier.report	123230
okr.journal.nbpages	1124-40
okr.language.supported	en
okr.peerreview	Academic Peer Review
okr.region.country	United Kingdom
okr.topic	Private Sector Development::Business Environment
okr.topic	Private Sector Development::Enterprise Development & Reform
okr.topic	Private Sector Development::Private Sector Economics
okr.unit	Macro, Trade, and Investment Global Practice
okr.volume	26(6)
relation.isAuthorOfPublication	2b1fc672-8407-59a0-ac52-c1ddd8082fd8
relation.isAuthorOfPublication.latestForDiscovery	2b1fc672-8407-59a0-ac52-c1ddd8082fd8