| 1. |
- Bandick, Roger, et al.
(författare)
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Employment effects of foreign acquisition
- 2011
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Ingår i: International Review of Economics and Finance. - : Elsevier. - 1059-0560 .- 1873-8036. ; 20:2, s. 211-224
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Tidskriftsartikel (refereegranskat)abstract
- This paper investigates the employment effects of. foreign acquisitions in acquired firms in Swedish manufacturing during the 1990s; a period characterized by a dramatic increase in foreign ownership. We find some evidence of positive employment effects in acquired firms and it seems that the employment of skilled labor increases more than that of less-skilled labor. Our results indicate that the positive employment effects are more pronounced in acquired non-MNEs than in Swedish MNEs. Furthermore, we observe shifts in skill intensities toward higher shares of skilled labor in non-MNEs taken over by foreign MNEs, but not in acquired Swedish MNEs.
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| 2. |
- Bandick, Roger, et al.
(författare)
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Foreign acquisition, plant survival, and employment growth
- 2010
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Ingår i: Canadian Journal of Economics. - : Wiley. - 0008-4085 .- 1540-5982. ; 43:2, s. 547-573
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Tidskriftsartikel (refereegranskat)abstract
- This paper analyzes the effect of foreign acquisition on survival and employment growth of targets using data on Swedish manufacturing plants. We separate targeted plants into those within Swedish MNEs, Swedish exporting non-MNEs, and purely domestic firms. The results, controlling for possible endogeneity of acquisition using IV and propensity score matching approaches suggest that acquisition by foreign owners increases the lifetime of the acquired plants only if the plant was an exporter. The effect is robust to controlling for domestic acquisitions and differs between horizontal and vertical acquisitions. We find robust positive employment growth effects only for exporters and only if the takeover is vertical.
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| 3. |
- Bandick, Roger, 1974-
(författare)
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Foreign Acquisition, Wages and Productivity
- 2011
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Ingår i: The World Economy. - : Wiley-Blackwell. - 0378-5920 .- 1467-9701. ; 34:6, s. 931-951
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Tidskriftsartikel (refereegranskat)abstract
- This paper studies the effect of foreign acquisition on wages and total factor productivity (TFP) in the years following a takeover by using unique detailed firm-level data for Sweden for the period 1993–2002. The paper takes particular account of potential endogeneity of the acquisition decision (for example, due to ‘cherry picking’) by implementing an instrumental variable approach and propensity score matching with difference-in-difference estimation. Moreover, in line with the recent literature on firm heterogeneity and trade, this paper allows for the acquisition effect to differ depending on whether the targeted firms were domestic multinational or non-multinationals before the foreign takeover. This paper also allows for the acquisition effect to differ depending on whether the acquisition is horizontal or vertical. Our results show that foreign acquisition has no effects on overall, skilled or less-skilled wage growth, either in targeted Swedish MNEs or in targeted Swedish non-MNEs or if the acquisition was motivated by vertical or horizontal motives. However, the results indicate that both targeted Swedish MNEs and non-MNEs have better growth in TFP after vertical foreign acquisition only but no such impact from horizontal foreign acquisition.
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| 4. |
- Bandick, Roger, 1974-
(författare)
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Multinationals and plant survival
- 2010
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Ingår i: Review of World Economics. - : Springer. - 1610-2878 .- 1610-2886. ; 146:4, s. 609-634
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Tidskriftsartikel (refereegranskat)abstract
- The aim of this paper is twofold: first, to investigate how different ownership structures affect plant survival, and second, to analyze how the presence of foreign multinational enterprises (MNEs) affects domestic plants’ survival. Using a unique and detailed data set on the Swedish manufacturing sector, I am able to separate plants into those owned by foreign MNEs, domestic MNEs, exporting non-MNEs, and purely domestic firms. In line with previous findings, the result, when conditioned on other factors affecting survival, shows that foreign MNE plants have lower survival rates than non-MNE plants. However, separating the non-MNEs into exporters and non-exporters, the result shows that foreign MNE plants have higher survival rates than non-exporting non-MNEs, while the survival rates of foreign MNE plants and exporting non-MNE plants do not seem to differ. Moreover, the simple non-parametric estimates show that domestic MNE plants are more likely to exit the market than other plants, also when controlling for plant-specific differences. Finally, foreign presence in the market seems to have had a negative impact on the survival rate of plants in non-exporting non-MNEs, but not to have affected plants in exporting non-MNEs or plants in domestic MNEs.
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