| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w30230 |
| 来源ID | Working Paper 30230 |
| Acquisitions, Management, and Efficiency in Rwanda's Coffee Industry | |
| Rocco Macchiavello; Ameet Morjaria | |
| 发表日期 | 2022-07-11 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | Well-functioning markets allocate assets to owners that improve firms’ management and performance. We study the effects of ownership changes on coffee mills in Rwanda – an industry in which managing relationships with farmers and seasonal workers is important and that has seen many ownership changes in recent years. We combine administrative data, a survey panel of mills and an original survey of acquirers that allows us to construct acquirer-specific and target-specific control groups. A difference-in-differences design reveals that ownership changes do not improve performance unless the mill is acquired by a foreign firm. Our preferred interpretation – supported by detailed survey evidence that considers alternative hypotheses – is that foreign firms successfully implement management changes in key operational areas. Upon acquisition, both domestic and foreign owned mills attempt to implement similar changes, but domestic firms face resistance from workers and farmers. Domestic owners have relationships with their local communities, which can create opportunities to establish new mills and acquire existing ones. However, these same relationships create pressure to maintain status-quo relational arrangements, which makes it harder to implement managerial changes. |
| 主题 | Microeconomics ; Households and Firms ; Financial Economics ; Corporate Finance ; Industrial Organization ; Firm Behavior ; History ; Other History ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w30230 |
| 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/587901 |
| 推荐引用方式 GB/T 7714 | Rocco Macchiavello,Ameet Morjaria. Acquisitions, Management, and Efficiency in Rwanda's Coffee Industry. 2022. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w30230.pdf（732KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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