منابع مشابه
Mergers, Restructuring and the Boundaries of the Firm
Mergers and acquisitions are a fast way for a firm to acquire assets. Using plant-level data, we examine how firms redraw their boundaries after acquisitions. We find that there is a surprisingly substantial amount of restructuring in a short period after mergers are consummated. Acquirers sell 27% and close 19% of acquired plants within three years after completing an acquisition. Plants that ...
متن کاملPost-merger restructuring and the boundaries of the firm
We examine how firms redraw their boundaries after acquisitions using plant-level data. We find that there is extensive restructuring in a short period following mergers and full-firm acquisitions. Acquirers of full firms sell 27% and close 19% of the plants of target firms within three years of the acquisition. Acquirers with skill in running their peripheral divisions tend to retain more acqu...
متن کاملMarkups and the Euro
Recent theoretical work indicates that when firms set nominal prices in advance they are exposed to business cycle risk. Risk averse firms with market power may set relatively high markups over marginal cost to offset this risk. An appropriate monetary policy could reduce the risk of pre-set nominal prices. This paper uses industry-level panel data to estimate how the exchange rate regime affec...
متن کاملCorporate Restructuring and Firm Performance of British and German Non-Financial Firms
This paper examines the ongoing changes in strategy, structure, and performance of the largest 250 non-financial firms in both Britain and Germany. To this end, publicly available firm-level data is presented at first and supplemented by the results of a questionnaire survey that was sent to the chief executives of those companies. What came through from the survey was that many firms in both c...
متن کاملGreece and the Euro
In the past several years, the main economic goal of the Greek government is to join the European Economic and Monetary Union (EMU) and adopt its single currency, the Euro. The present paper analyzes the economic costs and benefits associated with the achievement of this goal. First, using the theory of optimum currency areas and historical evidence, we address the question of whether Europe ca...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1523201