Distinguishing Characteristics of Foreign High Technology acquisitions in Canada's Manufacturing Sector
Considerable interest in the effect of mergers in high technology industries exists because this sector is seen to be strategically important for industrial policy. This paper investigates the effect of mergers in this sector, comparing them to mergers in other industries. The effect of nationality is also examined. The paper outlines the magnitude of divestitures and acquisitions. It asks how important this is relative to turnover arising from plant opening and closing. It then analyzes the impact of mergers on labour productivity, wages, and salaries.
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