Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/270483 
Year of Publication: 
2022
Series/Report no.: 
ETLA Report No. 125
Publisher: 
The Research Institute of the Finnish Economy (ETLA), Helsinki
Abstract: 
This study examines mergers and acquisitions and their economic impact on companies. The study examined which companies in Finland become the targets of acquisitions, how the economic activities of the target companies develop after the change of ownership and whether there is a difference between domestic and foreign acquisitions in these respects. The study was conducted using firm-level data that included nearly 2,000 acquisitions, supplemented by a qualitative review of 19 research interviews. The results of the study show that companies' innovation activities have a positive relation to the likelihood of being acquired, especially by foreign buyers. However, foreign acquisitions did not have a significant impact on the development of the value added, productivity, profitability or employment of target companies when compared with the control group.
Subjects: 
Mergers and acquisitions
M&A
Impact
Foreign ownership
Foreign company
Productivity
JEL: 
D22
F23
G34
O30
Document Type: 
Research Report

Files in This Item:
File
Size
420.94 kB





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