Journal Article
Short and Medium-Term Effects of Foreign Acquisitions on Manufacturing Firms: Evidence from Germany
Autoren
Erscheinungsdatum
DOI
10.1016/j.econlet.2024.111826
JEL Classification
F23
F61
Schlagworte
Direktinvestitionen
Unternehmen
Deutschland
Wirtschaftspolitik in Deutschland
This paper, for the first time, investigates the impact of foreign acquisitions on German manufacturing firms using, newly available unique administrative micro data spanning 25 years. Based on an event study design combined with propensity score matching techniques, we find that foreign acquisitions significantly increase labor productivity and average wages in acquired firms. A reduction in employment drives both effects.
