SEMINARIO 26/10-Timo Kuosmanen (Turku School of Economics, University of Turku): Productivity Effects of Mergers, Acquisitions and Restructuring
A substantial share of firm entry and exit observed in administrative data reflects mergers, acquisitions, spin-offs, and other forms of corporate restructuring rather than genuine market creation or destruction. This distinction matters for productivity decompositions, which typically interpret entry and exit as manifestations of Schumpeterian creative destruction. Using linked administrative data on Finnish manufacturing firms…












