International taxation and productivity effects of M&As



Item Type: Dataset
Title: International taxation and productivity effects of M&As
Date: 13 January 2021
Creator : Todtenhaupt, Maximilian and Voget, Johannes
DDC
Classification:		 330 Economics
Abstract: We investigate how changes in firm productivity after M&As are affected by differences in profit taxation between the target and the acquirer. We argue that tax differentials distort the efficient allocation of productive factors following an M&A and thus inhibit the realization of productivity improvements. Using firm-level data on inputs and outputs of production as well as on corporate M&As, we show that the absolute tax differential between the locations of two merging firms reduces the subsequent total factor productivity gain. This effect is concentrated in horizontal M&As and less pronounced when firms can use international profit shifting to attenuate effective differences in taxation.
URL: https://madata.bib.uni-mannheim.de/362/
DOI: https://doi.org/10.7801/362
Availability (Controlled): Download

Metadata export

FileFilename / InfosLink
[img] Archive (Replication Data "International Taxation and Productivity Effects of M&As")
Filename: Replication.zip


Download (296kB)
Depositing User: Johannes Voget
Date Deposited: 13 Jan 2021 12:40
Last Modified: 29 Feb 2024 20:39

Actions (login required)

View Item View Item
Mannheim Research Data is powered by EPrints 3 which is developed by the School of Electronics and Computer Science at the University of Southampton. More information and software credits.