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Clarke, Damian - 2020

practical considerations for its estimation. We describe a Stata command eventdd that allows for simple estimation, inference …

Persistent link: https://www.econbiz.de/10012827337

Firm Consolidation and Labor Market Outcomes

Dobbelaere, Sabien; McCormack, Grace; Prinz, Daniel; … - 2022

Using rich administrative data from the Netherlands, we study the consequences of firm consolidation for workers. For workers at acquired firms, takeovers are associated with a 8.5% drop in employment at the consolidated firm and a 2.6% drop in total labor income. These effects are persistent...

Persistent link: https://www.econbiz.de/10014238385

Minimum Global Tax : Winners and Losers in the Race for Mergers and Acquisitions

Amendolagine, Vito; Bruno, Randolph; Cipollina, Maria; … - 2023

international taxation on cross-border mergers and acquisitions (M&A) involving large multinational enterprises (MNEs). First, the …

Persistent link: https://www.econbiz.de/10014354666

Mergers of Equals and Unequals

Smeets, Valerie - 2006

We examine the dynamics of post-merger organizational integration. Our basic question is whether there is evidence of …-specific human capital, corporate culture, power, or favoritism. We examine this issue using a sample of Danish mergers. Controlling … pre-merger operations decreases turnover. This finding is inconsistent with the view that workers of the two firms …

Persistent link: https://www.econbiz.de/10012779047

Do Foreign Owners Favor Short-Term Profit? Evidence from Germany

Dill, Verena - 2014

Comparing domestic- and foreign-owned firms in Germany, this paper finds that foreign-owned firms are more likely to focus on short-term profit. This influence is particularly strong if the local managers of the German subsidiary are not sent from the foreign parent company. Moreover, the...

Persistent link: https://www.econbiz.de/10013053540

CEO and Board Characteristics as Determinants of Private Benefits of Control : Evidence from the Russian Stock Exchange

Berezinec, Irina V. - 2012

This paper investigates whether and how various characteristics of CEOs and corporate boards are related to the severity of corporate governance problems within firms. The latter is proxied by private benefits of control, which we measure for dual class stock firms using the voting premium...

Persistent link: https://www.econbiz.de/10013112769

The Value Relevance of Top Executive Departures : Evidence from the Netherlands

Cools, Cornelis; Praag, Mirjam van - 2021

On theoretical grounds, monitoring of top executives by the (supervisory) board is expected to be value relevant. The empirical evidence is ambiguous and we analyze three non-competing explanations for this ambiguity: (i) The positive effect on firm value of board monitoring is hidden in stock...

Persistent link: https://www.econbiz.de/10013316805

Anatomy of Welfare Reform Evaluation : Announcement and Implementation Effects

Blundell, Richard W. - 2011

This paper formulates a simple model of female labor force decisions which embeds an in-work benefit reform and explicitly allows for announcement and implementation effects. We explore several mechanisms through which women can respond to the announcement of a reform that increases in-work...

Persistent link: https://www.econbiz.de/10013119013

The Effect of Announced Downsizing on Workplace Performance : Evidence from a Retail Chain

Friebel, Guido - 2016

We estimate the effect of downsizing announcement on workplace performance using data from a German bakery chain of 193 shops. Faced with intensified competition, the firm decided to sell or close down 57 of its worst performing shops. We identify the effect of downsizing from a plausibly...

Persistent link: https://www.econbiz.de/10012998999

Foreign Acquisitions, Domestic Multinationals, and R&D

Bandick, Roger - 2010

manufacturing sector and different micro-econometric estimation strategies in order to control for the potential endogeneity of the …

Persistent link: https://www.econbiz.de/10013136703