Arbeitspapier
Foreign Acquisition and the Performance of New Zealand Firms
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.
- Language
-
Englisch
- Bibliographic citation
-
Series: New Zealand Treasury Working Paper ; No. 11/06
- Classification
-
Wirtschaft
Firm Behavior: Empirical Analysis
Multinational Firms; International Business
- Subject
-
Firm performance
foreign direct investment (FDI)
Auslandsinvestition
Ausländisch
Unternehmenserfolg
Neuseeland
- Event
-
Geistige Schöpfung
- (who)
-
Fabling, Richard
Sanderson, Lynda
- Event
-
Veröffentlichung
- (who)
-
New Zealand Government, The Treasury
- (where)
-
Wellington
- (when)
-
2011
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Fabling, Richard
- Sanderson, Lynda
- New Zealand Government, The Treasury
Time of origin
- 2011
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