We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Picking 'Lemons' or Picking 'Cherries'? Domestic and Foreign Acquisitions in Norwegian Manufacturing.
- Authors
Balsvik, Ragnhild; Haller, Stefanie A.
- Abstract
We compare the performance in employment, wages and productivity for domestic plants acquired by new domestic and foreign owners. Prospective foreign owners pick large, high-wage, high-productivity plants, while new domestic owners choose average performers of above-average size. Employment, labour productivity, and total factor productivity decline in domestic acquisition targets before acquisitions; only wages recover afterwards. Employment, wages and labour productivity increase after foreign acquisitions. The sample selection introduced by long-term comparisons and a focus on unique events introduces a downward bias into the results for domestic acquisitions and an upward bias for the foreign acquisitions.
- Subjects
NORWAY; MERGERS &; acquisitions; MANUFACTURED products; EMPLOYMENT; WAGES; FACTORIES; LABOR productivity; INDUSTRIAL productivity; COMPARATIVE studies
- Publication
Scandinavian Journal of Economics, 2010, Vol 112, Issue 2, p361
- ISSN
0347-0520
- Publication type
Article
- DOI
10.1111/j.1467-9442.2010.01606.x