Que deviennent les entreprises acquises par des groupes ?
In this paper, we analyze the trajectory of independent firms absorbed by a business group. Business groups traditionally buy high performance independent firms but do they also contribute to their growth after? We use an original dataset built with two administrative files and a survey and we are able to follow firms 3 years before and 3 years after their acquisition by a business group. We use matching difference-in-differences estimators in order to check whether the employment and productivityin independent firms increase after their acquisition by a business group. Not surprisingly, our results first show that acquired firms are more productive than those which stay independent; second, they show that, after acquisition, employment and productivity increase faster for acquired firms.
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|Date of creation:||2013|
|Publication status:||Published in Revue d'économie industrielle , Éd. techniques et économiques ; De Boeck Université, 2013, pp.113-144|
|Note:||View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-00965165|
|Contact details of provider:|| Web page: https://hal.archives-ouvertes.fr/|
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