Showing 1 - 10 of 999
Extending research on organizational learning to multi-product environments is of particular importance given that the … vast majority of products are manufactured in such environments. We investigate learning in a multi-product facility …
Persistent link: https://www.econbiz.de/10013034677
Motivated by a characteristic way in which firms in developed countries make their decisions regarding cooperation with potential partners from less developed countries, we design a simple model of a DC firm's search for an LDC partner/supplier and the subsequent relationship between the two...
Persistent link: https://www.econbiz.de/10013114940
Learning by exporting refers to the mechanism whereby firms improve their performance (productivity) after entering … estimators can accommodate endogenous productivity processes such as learning by exporting. I rely on my framework to discuss the …
Persistent link: https://www.econbiz.de/10013068993
Lifecycle theories of mergers and diversification predict that firms make acquisitions and diversify when their internal growth opportunities become exhausted. Free cash flow theories make similar predictions. In contrast to these theories, we find that the acquisition rate of firms (defined as...
Persistent link: https://www.econbiz.de/10013119963
accounting and stock performance data. Much has been made of this distinction in both the popular and the academic literature …
Persistent link: https://www.econbiz.de/10013125229
measuring the long-run returns to mergers. In a new data set of close bidding contests we use losers' post-merger performance to … construct the counterfactual performance of winners had they not won the contest. We find that winner and loser returns are …
Persistent link: https://www.econbiz.de/10013107194
Private equity critics claim that leveraged buyouts bring huge job losses. To investigate this claim, we construct and analyze a new dataset that covers U.S. private equity transactions from 1980 to 2005. We track 3,200 target firms and their 150,000 establishments before and after acquisition,...
Persistent link: https://www.econbiz.de/10013067389
We analyze the differences between companies owned by private equity (PE) investors and similar public companies. We document that PE-owned companies use much stronger incentives for their top executives and have substantially higher debt levels. However, we find little evidence that PE-owned...
Persistent link: https://www.econbiz.de/10012751310
acquisition target based on its productivity level, profitability and other characteristics and whether the performance of … performance simply because foreign investors acquired more promising Japanese firms than Japanese investors did. In order to … performance than firms not acquired by foreigners. Both results from unmatched samples and matched samples show that foreign …
Persistent link: https://www.econbiz.de/10012760742
We examine the effect of financial dependence on acquisition and investment within existing industries by single-segment and conglomerate firms for industries undergoing different long run changes in industry conditions. Conglomerates and single-segment firms differ more in rates of...
Persistent link: https://www.econbiz.de/10012761342