Foreign Acquisitions and Firm Performance. ESRI Research Bulletin 2015/1/5

Siedschlag, Iulia and Kaitila, Ville and McQuinn, John and Zhang, Xiaoheng (2015) Foreign Acquisitions and Firm Performance. ESRI Research Bulletin 2015/1/5. UNSPECIFIED.

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Abstract

International empirical evidence indicates that foreign acquisitions lead most frequently to productivity increases, while the employment performance of firms in the post-acquisition period appears to be more mixed, depending on firm and sector characteristics. While most previous evidence has been available for firms in manufacturing, evidence on foreign acquisitions of firms in the services sector is very limited. To fill this gap, in a recent published paper,1 we provide evidence about the effects of foreign acquisitions on firm performance in both manufacturing and services sectors. Specifically, we used firm level data over the period 2001-2009 and examined the effects of foreign acquisitions on firm productivity and employment growth in six small open economies: Austria, Belgium, the Netherlands, Finland, Denmark and Sweden.

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