Being international’ has nearly become an undisputed aim for fi rms in a globalized world. Several papers fi nd a positive relationship between foreign direct investment (FDI) and the home performance of fi rms. In this paper we address the “FDI – export” relationship to better understand this pattern. Furthermore, by presenting fi rst results on fi rm’s post-divestiture employment growth at ho...

Being international’ has nearly become an undisputed aim for fi rms in a globalized world. Several papers fi nd a positive relationship between foreign direct investment (FDI) and the home performance of fi rms. In this paper we address the “FDI – export” relationship to better understand this pattern. Furthermore, by presenting fi rst results on fi rm’s post-divestiture employment growth at ho...

This paper examines takeover and divestiture activity at the industry level for the population of UK firms over the period 1986 to 2000. Consistent with US research, takeovers and divestitures in the UK cluster both across industries and over time. The paper further investigates whether broad economic shocks, industry-specific shocks (e.g., deregulation, foreign competition, technology) and mis...

Choosing a desired policy for divestiture of dominant firms’ generation assets has been a challenging task and open question for regulatory authority. To deal with this problem, in this paper, an analytical method and agent-based computational economics (ACE) approach are used for ex-ante analysis of divestiture policy in reducing market power. The analytical method is applied to solve a design...

In the last several years, policymakers have increasingly pursued legislative reforms that would expand antitrust enforcement while advocating more generally for break-up of tech companies with leading digital platforms. At least a half-dozen were introduced in Congress 2021, federal enforcers Department Justice and Federal Trade Commission taken an aggressive approach to under Biden administra...

Business groups, the leading economic players in emerging economies, have responded to the market‐oriented transition primarily through corporate restructuring. Agency theory predicts that acquisition and divestiture would serve the interests of dominant families and foreign investors in different ways. Further, dominant families, foreign investors from shareholder‐based countries, and foreign ...