International Acquisitions, Domestic Competition and Firm Performance
This paper investigates the impact of foreign acquisition on domestic firm productivity. In contrast to previous studies it applies a difference-in-differences methodology based on a matched panel of firms in order to trace out such changes. It finds evidence of significant positive productivity effects following acquisition by US and European multinationals, at least in technology importing industries. Higher productivity gains are achieved the more competitive the industry in which acquisition occurs.
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Volume (Year): 13 (2006)
Issue (Month): 3 ()
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