| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21245 |
| 来源ID | Working Paper 21245 |
| Cross-border Acquisitions and Labor Regulations | |
| Ross Levine; Chen Lin; Beibei Shen | |
| 发表日期 | 2015-06-08 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | Do labor regulations influence the reaction of stock markets and firm profitability to cross-border acquisitions? We discover that acquiring firms enjoy smaller abnormal stock returns and profits when targets are in countries with stronger labor protection regulations, i.e., in countries where laws, regulations, and policies increase the costs to firms of adjusting their workforces. These effects are especially pronounced when the target is in a labor-intensive or high labor-volatility industry. Consistent with labor regulations shaping the success of cross-border deals, we find that firms make fewer and smaller cross-border acquisitions into countries with strong labor regulations. |
| 主题 | International Economics ; International Factor Mobility ; Financial Economics ; Corporate Finance ; Labor Economics ; Unemployment and Immigration |
| URL | https://www.nber.org/papers/w21245 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578920 |
| 推荐引用方式 GB/T 7714 | Ross Levine,Chen Lin,Beibei Shen. Cross-border Acquisitions and Labor Regulations. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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