Essays on the economics of mergers & acquisitions:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Abschlussarbeit Buch |
| Sprache: | English |
| Veröffentlicht: |
2012 [erschienen] 2013
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| Schlagworte: | |
| Online-Zugang: | kostenfrei Volltext Inhaltsverzeichnis |
| Beschreibung: | VII, 173 Bl. graph. Darst. |
Internformat
MARC
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| 245 | 1 | 0 | |a Essays on the economics of mergers & acquisitions |c vorgelegt von Stefan Ebner |
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Datensatz im Suchindex
| _version_ | 1804150059470684160 |
|---|---|
| adam_text | Contents
Preface
1
1
Mergers
&
Acquisitions: trends, reasons, effects
5
1.1
Introduction
....................................
б
1.2
M&A activities between
1895
and today
..................... 9
1.2.1
Merger waves
............................... 9
1.2.2
The current M&A market
......................... 11
1.3
M&A: different hypotheses about motivations and merging firms
........ 14
1.3.1
Profit maximizing motives
......................... 14
1.3.2
Further motives
.............................. 18
1.3.3
Which firms merge? The self-selection hypothesis
............ 21
1.4
Effects of M&A on firms performance: an empirical overview
.......... 22
1.4.1
Effects on profitability
........................... 22
1.4.2
Effects on market share, market power, and efficiency
.......... 24
1.4.3
Effects on productivity
.......................... 26
1.4.4
Effects on employment
.......................... 26
1.4.5
Effects on skill-intensity
.......................... 29
1.4.6
Effects on wages
.............................. 30
1.4.7
Further effects
............................... 31
1.4.8
A different approach: event studies
.................... 32
1.4.9
Why do the empirical results differ?
................... 33
1.5
Lessons learned and open research questions
................... 34
2
As easy as one, two, three... A guide to performing propensity score matching
with
STATA
36
2.1
Motivation
..................................... 37
2.2
Theoretical framework
............................... 41
Contents
iii
2.3
How to start and estimate the propensity score
.................. 45
2.3.1
The data and the software
........................ 45
2.3.2
The estimation of the propensity score
.................. 46
2.4
Choosing a matching algorithm
.......................... 51
2.4.1
Nearest neighbor matching
........................ 53
2.4.2
Caliper matching
............................. 58
2.4.3
Radius caliper matching
.......................... 60
2.4.4
Kernel matching
.............................. 61
2.4.5
Bootstrapping
............................... 64
2.4.6
Difference-in-differences propensity score matching
............ 65
2.5
Was the matching procedure successful?
..................... 68
2.6
Conclusion
-
is matching better than the rest?
.................. 72
3
M&A and labor productivity: new evidence from micro-data for German plants
74
3.1
Introduction
.................................... 75
3.2
Theoretical background and related literature
.................. 77
3.3
The data
...................................... 82
3.4
Empirical investigation
............................... 85
3.4.1
Empirical strategy
............................. 85
3.4.2
Descriptive statistics
............................ 88
3.4.3
Regression analysis
............................ 93
3.4.4
Difference-in-differences propensity score matching
............ 97
3.5
Conclusion
-
what do we learn?
.......................... 108
A Remarks on the
dataset
.............................. 110
В
The observation period
.............................. 114
4
Anybody afraid of M&A? Effects on German plants employment and skill-
intensity
116
4.1
Introduction
.................................... 117
4.2
Theoretical background and related literature
.................. 119
4.3
The data
...................................... 125
4.4
Empirical investigation
............................... 128
4.4.1
Empirical strategy
............................. 128
4.4.2
Descriptive statistics
............................ 132
Contents
¡v
4.4.3 Regression
analysis
............................ 137
4.4.4 Difference-in-differences
propensity score matching
............ 142
4.5
Conclusion
-
what do we learn?
.......................... 152
С
Remarks on the
dataset
.............................. 154
D
The observation period
.............................. 158
Concluding remarks
159
Bibliography
160
|
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| indexdate | 2024-07-10T00:32:54Z |
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| language | English |
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| physical | VII, 173 Bl. graph. Darst. |
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| spelling | Ebner, Stephan Verfasser (DE-588)1033240559 aut Essays on the economics of mergers & acquisitions vorgelegt von Stefan Ebner 2012 [erschienen] 2013 VII, 173 Bl. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Passau, Univ., Diss., 2013 Mergers and Acquisitions (DE-588)4205916-1 gnd rswk-swf (DE-588)4143413-4 Aufsatzsammlung gnd-content (DE-588)4113937-9 Hochschulschrift gnd-content Mergers and Acquisitions (DE-588)4205916-1 s b DE-604 Erscheint auch als Online-Ausgabe urn:nbn:de:bvb:739-opus-26961 http://www.opus-bayern.de/uni-passau/volltexte/2013/2696 kostenfrei Volltext https://nbn-resolving.org/urn:nbn:de:bvb:739-opus-26961 Resolving-System Volltext Digitalisierung UB Passau application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025719603&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Ebner, Stephan Essays on the economics of mergers & acquisitions Mergers and Acquisitions (DE-588)4205916-1 gnd |
| subject_GND | (DE-588)4205916-1 (DE-588)4143413-4 (DE-588)4113937-9 |
| title | Essays on the economics of mergers & acquisitions |
| title_auth | Essays on the economics of mergers & acquisitions |
| title_exact_search | Essays on the economics of mergers & acquisitions |
| title_full | Essays on the economics of mergers & acquisitions vorgelegt von Stefan Ebner |
| title_fullStr | Essays on the economics of mergers & acquisitions vorgelegt von Stefan Ebner |
| title_full_unstemmed | Essays on the economics of mergers & acquisitions vorgelegt von Stefan Ebner |
| title_short | Essays on the economics of mergers & acquisitions |
| title_sort | essays on the economics of mergers acquisitions |
| topic | Mergers and Acquisitions (DE-588)4205916-1 gnd |
| topic_facet | Mergers and Acquisitions Aufsatzsammlung Hochschulschrift |
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