Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/205619
Authors: 
Fabling, Richard
Sanderson, Lynda
Year of Publication: 
2011
Series/Report no.: 
New Zealand Treasury Working Paper 11/06
Abstract: 
This paper examines the firm-level determinants of foreign acquisitions of New Zealand companies, and the consequences for both the purchased firms and the workers within those firms. We follow a combined propensity score matching and difference-in- differences approach to identify and address endogenous selection of acquisition targets. The results suggest that foreign firms tend to target high-performing New Zealand companies. Acquired firms then exhibit higher growth in average wages and output, relative to similar domestic firms, but do not appear in general to increase their productivity or capital intensity. We find no evidence of differential survival rates for recently acquired foreign firms.
Subjects: 
Firm performance
foreign direct investment (FDI)
JEL: 
D22
F23
Creative Commons License: 
https://creativecommons.org/licenses/by/4.0/
Document Type: 
Working Paper

Files in This Item:
File
Size
340.62 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.