Que deviennent les entreprises acquises par des groupes ?

Richard Duhautois and Héloïse Petit

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: In this paper, we analyze the trajectory of independent firms absorbed by a business group. Business groups traditionally buy high performance independent firms but do they also contribute to their growth after? We use an original dataset built with two administrative files and a survey and we are able to follow firms 3 years before and 3 years after their acquisition by a business group. We use matching difference-in-differences estimators in order to check whether the employment and productivityin independent firms increase after their acquisition by a business group. Not surprisingly, our results first show that acquired firms are more productive than those which stay independent; second, they show that, after acquisition, employment and productivity increase faster for acquired firms.‪

Keywords: Business Groups; Trajectory of Firms; Difference-in- Difference; Groupes; entreprises rachetées; doubles différences (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (4)

Published in Revue d'économie industrielle , 2013, 144, pp.113-144

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Working Paper: Que deviennent les entreprises acquises par des groupes ? (2013)
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