کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5084065 1477824 2011 17 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Mergers and capital flight in unionised oligopolies: Is there scope for a “national champion” policy?
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Mergers and capital flight in unionised oligopolies: Is there scope for a “national champion” policy?
چکیده انگلیسی
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 non-labour 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.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Review of Economics & Finance - Volume 20, Issue 2, April 2011, Pages 325-341
نویسندگان
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