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  1. The effects of cross-border acquisitions on firms' productivity in the EU
    Erschienen: 2021
    Verlag:  European Commission, Ispra

    This study empirically investigates the extent to which firms in the European Union, once acquired through a cross-border acquisition, show different productivity levels as compared to those firms that have not been acquired. Our identification... mehr

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    This study empirically investigates the extent to which firms in the European Union, once acquired through a cross-border acquisition, show different productivity levels as compared to those firms that have not been acquired. Our identification strategy relies on the combination of Propensity Score Matching and the Staggered Difference-in-Difference estimator, using firms' balance sheet for the years 2008-2018. We find that cross-border acquisitions decrease the productivity of the acquired firms, especially in the manufacturing and services sectors, as well as in less knowledge intensive activities. Firms targeted by acquirers originating in emerging market economies also decrease productivity of high-tech target firms.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/249367
    Auflage/Ausgabe: This version: June 2021
    Schriftenreihe: JRC working papers in economics and finance ; 2021, 6
    Schlagworte: Cross-border M&As; FDI; TFP; European Union; Propensity Score Matching; DiD
    Umfang: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  2. EU competitiveness
    recent trends, drivers, and links to economic policy : a synthesis report

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789276289500
    Weitere Identifier:
    Schriftenreihe: JRC technical report
    EUR ; 30571
    Schlagworte: Wettbewerbsanalyse; Trend; Erfolgsfaktor; EU-Staaten
    Umfang: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  3. The position of the EU in the semiconductor value chain
    evidence on trade, foreign acquisitions, and ownership
    Erschienen: 2022
    Verlag:  European Commission, Ispra

    We map companies belonging to the semiconductor value chain at the world level and investigate the turnover of the companies by jurisdiction of their ultimate owner. Total turnover for the top-10 companies, with respect to revenue, among the... mehr

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    We map companies belonging to the semiconductor value chain at the world level and investigate the turnover of the companies by jurisdiction of their ultimate owner. Total turnover for the top-10 companies, with respect to revenue, among the manufacturers of semiconductors amounts to 266 Billion EUR for year 2020. The same group of companies accounts for 87% of market capitalization of this industry in 2021. Our coverage is uneven across jurisdictions. We have a richer coverage for Europe than for the US and China, given the interest in analysing the European landscape. Data on turnover by segment shows that EU-owned companies represent a relevant share of the input suppliers for the production of semiconductors (evidence confirmed by De Jong, 2020, as well as by Kleinhans and Baisakova, 2020). Indeed EU companies are among the largest suppliers of chemicals and gases in this supply chain, accounting for 34% of world turnover in 2020. US companies are leaders in the production of equipment used for the production of semiconductors with 31% of the turnover, closely followed by European ones with 27%. The picture changes when looking at the turnover of EU-owned chip producers (foundries) and chip designers (fabless companies), which is negligible. Taiwanese firms share with South Korean manufacturers the leadership in the foundry segment.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/268929
    Schriftenreihe: JRC working papers in economics and finance ; 2022, 3
    Umfang: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  4. Foreign investment in the EU
    the FOWN dataset
    Erschienen: 2019
    Verlag:  Publications Office of the European Union, Luxembourg

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    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789276121206
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    Schriftenreihe: JRC technical report
    Schlagworte: Auslandsinvestition; Multinationales Unternehmen; Übernahme; Greenfield-Investition; Datenverarbeitung; Daten; EU-Staaten
    Umfang: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  5. The effect of restrictive measures on cross-border investment in the European Union
    Erschienen: 2020
    Verlag:  Publications Office of the European Union, Luxembourg

    This study sheds light on the effect of restrictive policies, such as screening mechanisms, on mergers and acquisitions (M&A) flows into EU Member States in the period 2011-2018, by implementing an augmented gravity model. The results show that... mehr

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    This study sheds light on the effect of restrictive policies, such as screening mechanisms, on mergers and acquisitions (M&A) flows into EU Member States in the period 2011-2018, by implementing an augmented gravity model. The results show that different restrictive measures affect cross-border investments unequally, and that the presence of screening mechanisms per se does not negatively affect cross-border investments. When we perform the analysis by sector, results suggest that cross-border investments in manufacturing and non-financial services are negatively by restrictive measures, such as restrictions on foreign personnel being employed in key positions, or restriction on the establishment of branches, land acquisition or profit and capital repatriations.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789276143222
    Weitere Identifier:
    hdl: 10419/227663
    Schriftenreihe: JRC working papers in economics and finance ; 2019, 15
    Umfang: 1 Online-Ressource (circa 30 Seiten)
  6. Forecasting M&A deals with MIDAS count model
    Erschienen: 2022
    Verlag:  European Commission, Ispra

    This report focuses on the forecast of the number of monthly cross-border deals in the European Union. We propose a new model to improve the forecasting properties of a count model of Foreign Direct Investment deals in EU, by taking into account past... mehr

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    This report focuses on the forecast of the number of monthly cross-border deals in the European Union. We propose a new model to improve the forecasting properties of a count model of Foreign Direct Investment deals in EU, by taking into account past trends in high-frequency (daily) deal data and the decomposition of the conditional overdispersion into short-term and long-term components. Our model relies on the dynamic behaviour of the first two moments of the distribution of FDI deals to explain the evolution of parameters and in the Negative Binomial distribution. We test this model with several subsets of M&A deals from 1998 to 2021 obtaining sizable forecast improvements as compared to benchmark INGARCH models.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/283078
    Auflage/Ausgabe: This version: July 2022
    Schriftenreihe: JRC working papers in economics and finance ; 2022, 15
    Schlagworte: M&A forecasting; MIDAS approach; count process; overdispersion
    Umfang: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  7. Semiconductors in the EU
    state of play future trends and vulnerabilites of the semiconductor supply chain
    Erschienen: 2023
    Verlag:  Publications Office of the European Union, Luxembourg

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    Export in Literaturverwaltung   RIS-Format
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789268065495
    Weitere Identifier:
    Schriftenreihe: JRC technical report
    EUR ; 31625
    JRC ; 133850
    Schlagworte: Halbleiterindustrie; Halbleiter; Lieferkette; EU-Staaten; Welt
    Umfang: 1 Online-Ressource (circa 62 Seiten)