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Smeets, Valerie - 2006

We examine the dynamics of post-merger organizational integration. Our basic question is whether there is evidence of … pre-merger operations decreases turnover. This finding is inconsistent with the view that workers of the two firms … substitute for each other, creating efficiencies from merger. However, that result and our other findings are consistent with the …

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

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

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

This study aims to quantify the impact of the global minimum corporate tax rate a pillar of the OECD's reform of international taxation on cross-border mergers and acquisitions (M&A) involving large multinational enterprises (MNEs). First, the influence of differences in capital taxation on...

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

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

National Champion versus Foreign Takeover

Südekum, Jens - 2021

We analyze an oligopolistic market where a domestic and a foreign firm are engaged in a takeover battle for a domestic … competitor. Any merger or acquisition (M&A) must be approved by a welfare maximizing domestic competition agency which may or may … of government. With an unbiased competition agency we find that the foreign takeover is more likely to occur the higher …

Persistent link: https://www.econbiz.de/10013316871

The Measurement of Child Costs : Evidence from Ireland

Bargain, Olivier - 2010

We apply an extension of the Rothbarth approach to estimate the share of household resources accruing to children (i.e., the cost of children) in Ireland. The method also allows us to identify the economies of scale in the household and indifference scales in Lewbel (2003)'s sense. A practical...

Persistent link: https://www.econbiz.de/10013149511

The Measurement of Child Costs : A Rothbarth-Type Method Consistent with Scale Economies

Bargain, Olivier - 2009

We propose a new methodology to estimate the share of household income accruing to children (i.e., the cost of children). Following the principle of the Rothbarth approach, the identification of the children's share requires the observation of at least one adult-specific good. However, our...

Persistent link: https://www.econbiz.de/10013152955

A Note on Unhappiness and Unemployment Duration

Clark, Andrew E. - 2021

Although it is now widely-accepted that unemployment is associated with sharply lower levels of individual well-being, relatively little is known about how this effect depends on unemployment duration. Data from three large-scale European panels is used to shed light on this issue; these data...

Persistent link: https://www.econbiz.de/10013317354

Bayesian Exploratory Factor Analysis

Conti, Gabriella - 2014

This paper develops and applies a Bayesian approach to Exploratory Factor Analysis that improves on ad hoc classical approaches. Our framework relies on dedicated factor models and simultaneously determines the number of factors, the allocation of each measurement to a unique factor, and the...

Persistent link: https://www.econbiz.de/10013049750

Household Finances and Social Interaction : Bayesian Analysis of Household Panel Data

Brown, Sarah - 2014

We investigate the relationship between social interaction and household finances using data from the British Household Panel Survey. We contribute to the existing literature by exploring the relationship between a wide range of aspects of household finances and social interaction, rather than...

Persistent link: https://www.econbiz.de/10013051017

Robust Dynamic Panel Data Models Using E-Contamination

Baltagi, Badi H. - 2020

This paper extends the work of Baltagi et al. (2018) to the popular dynamic panel data model. We investigate the robustness of Bayesian panel data models to possible misspecication of the prior distribution. The proposed robust Bayesian approach departs from the standard Bayesian framework in...

Persistent link: https://www.econbiz.de/10012834582