Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/11931
Título: | Mergers and capital flight in unionised oligopolies: is there scope for a 'national champion' policy? |
Autor(es): | Lommerud, Kjell Erik Meland, Frode Straume, Odd Rune |
Palavras-chave: | Cross-border merger National champions Greenfield FDI Trade unions |
Data: | Abr-2011 |
Editora: | Elsevier 1 |
Revista: | International Review of Economics & Finance |
Citação: | "International Review of Economics & Finance." ISSN 1059-0560. 20:2 (Abr. 2011) 325-341. |
Resumo(s): | Many policy makers seem to prefer domestic alternatives to cross-border mergers.We construct a model where cross-border mergers drive down union-set wages, domestic mergers have nonlabour cost synergies and policy evaluators care more about workers than capital owners. Apparently, the stage is set for “national champion” policies to be sensible. However, we also introduce the possibility of capital flight by allowing a domestic firm to move production abroad. Restrictive cross-border merger policies can then seriously backfire, since they do not necessarily bring about a domestic merger — but capital flight instead. |
Tipo: | Artigo |
URI: | https://hdl.handle.net/1822/11931 |
DOI: | 10.1016/j.iref.2010.06.005 |
ISSN: | 1059-0560 |
Versão da editora: | http://www.sciencedirect.com/ |
Arbitragem científica: | yes |
Acesso: | Acesso aberto |
Aparece nas coleções: | NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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IREF_UTSA09150x.pdf | Mergers and capital flight in unionised oligopolies | 334,25 kB | Adobe PDF | Ver/Abrir |