The Impact of Foreign Acquisitions on Wages
We study the effects of foreign takeovers on firm performance, skill premium and compensation practices following Finland’s deregulation of foreign ownership in the mid-1990s. We find large effects on wages at the industry and local labor-market level with an identification strategy using foreign ownership patterns in Sweden to instrument acquisitions in Finland. We find more modest increases in wages at firm-level using event-studies. The comparison of labor-market and firm-level results suggests that foreign ownership has spillover effects to firms remaining domestically-owned.
Date: 23 October 2019, 11:00 (Wednesday, 2nd week, Michaelmas 2019)
Venue: Saïd Business School, Park End Street OX1 1HP
Venue Details: Boardroom in Main Building but report to Main Reception and ask for Pauline Simpson
Speaker: Tuomas Kososen (Labour Institute for Economic Research)
Organising department: Saïd Business School
Organisers: Dr Martin Simmler (Oxford University Centre for Business Taxation), Dr Irem Guceri (Oxford University Centre for Business Taxation)
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Part of: Oxford University Centre for Business Taxation Research Seminars
Booking required?: Required
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Audience: Members of the University only
Editor: Pauline Simpson