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Effekte ausländischer Übernahmen

Author

Listed:
  • Michael Pfaffermayr
  • Michael Wild
  • Christian Bellak

Abstract

Dieser kurze Überblick hat neue empirische Ergebnisse zu den Wirkungen ausländischer Übernahmen auf das Wachstum des betroffenen Österreichischen Zielunternehmens präsentiert. Zerlegt man die ausländische Übernahme in eine Selektionsphase ('vorher') und eine Eingliederungsphase ('nachher'), so ist fast ausschließlich Erstere für die Effekte der Übernahme auf Wachstum, Produktivität und Profitabilität in der übernommenen Firma verantwortlich. Bisherige Studien trennen 'Zitronen' und 'Rosinen' nicht, weshalb die Effekte der Übernahme verzerrt sind. 'Zitronen' und 'Rosinen' unterscheiden sich nämlich nicht nur bezüglich ihrer Ausgangssituation, sondern vor allem auch bei den Auswirkungen der Übernahme auf ihre Performance. Es ist klar erkennbar, dass sich die Übernahme bei den 'Zitronen' positiver auswirkt als bei den 'Rosinen'. Dagegen zeigt die Unterscheidung der 2- und der 4-Jahresfenster keine bedeutenden Unterschiede.

Suggested Citation

  • Michael Pfaffermayr & Michael Wild & Christian Bellak, 2005. "Effekte ausländischer Übernahmen," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 31(1), pages 113-124.
    • Handle: RePEc:clr:wugarc:y:2005v:31i:1p:113
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    References listed on IDEAS

    as
    1. Richard Blundell & Monica Costa Dias, 2009. "Alternative Approaches to Evaluation in Empirical Microeconomics," Journal of Human Resources, University of Wisconsin Press, vol. 44(3).
    2. Christian Bellak, 2004. "How Domestic and Foreign Firms Differ and Why Does it Matter?," Journal of Economic Surveys, Wiley Blackwell, vol. 18(4), pages 483-514, September.
    3. Michael Pfaffermayr & Christian Bellak, 2002. "Why Foreign-owned Firms are Different: A Conceptual Framework and Empirical Evidence for Austria," Palgrave Macmillan Books, in: Rolf Jungnickel (ed.), Foreign-owned Firms, chapter 2, pages 13-57, Palgrave Macmillan.
    4. Christian Bellak, 2005. "Adjustment strategies of multinational enterprises to changing national competitiveness," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 12(1), pages 139-162.
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