Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/147006 
Erscheinungsjahr: 
2016
Schriftenreihe/Nr.: 
DICE Discussion Paper No. 229
Verlag: 
Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE), Düsseldorf
Zusammenfassung: 
This paper uses a rich panel data set of Indian manufacturing firms to analyze the effects of domestic and international acquisitions on various outcomes at target firm and product level. We apply recent methodological advances in the estimation of production functions together with information on prices and quantities to estimate physical productivity, markups, marginal costs and proxies for product quality. Using a propensity score reweighting estimator, we find that acquisitions are associated with increases in quantities and markups and lower marginal costs on average. These changes are most pronounced if acquirers are located in technologically advanced countries. We also provide evidence that the quality of products increases while quality-adjusted prices fall upon acquisitions.
Schlagwörter: 
Foreign Direct Investment
Foreign Ownership
Mergers and Acquisitions
Multi-Product Firms
Productivity
JEL: 
F61
F23
G34
L25
D22
D24
ISBN: 
978-3-86304-228-8
Dokumentart: 
Working Paper

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