Marianne Vigneault

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Cross-border Mergers and Hollowing-out

Staff Working Paper 2009-30 Oana Secrieru, Marianne Vigneault
The purpose of our paper is to examine the profitability and social desirability of both domestic and foreign mergers in a location-quantity competition model, where we allow for the possibility of hollowing-out of the target firm. We refer to hollowing-out as the situation where the target firm is shut down following a merger with a domestic or foreign acquirer.

Exporting and FDI with Endogenous Productivity

Staff Working Paper 2007-14 Oana Secrieru, Marianne Vigneault
This paper provides an analysis of how a firm’s decision to serve a foreign market by exporting or by engaging in foreign direct investment (FDI) affects firm productivity, when productivity is endogeneous as a function of training. The main result of our paper is that, with endogeneous productivity, exporting results in lower productivity than does FDI, but exporting may result in higher or lower employment and output than does FDI.

A Search Model of Venture Capital, Entrepreneurship, and Unemployment

Staff Working Paper 2005-24 Robin Boadway, Oana Secrieru, Marianne Vigneault
The authors develop a search model of venture capital in which the number of successful matches of entrepreneurs and venture capitalists (VCs) at any moment in time is a function of the number of entrepreneurs searching for funds, the number of VCs searching for entrepreneurs, and the number of vacancies posted by each VC.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Financial markets, Fiscal Policy, Labour markets JEL Code(s): D, D8, D82, G, G1, G18, G2, G24, H, H2, H21, J, J6, J64

Public Venture Capital and Entrepreneurship

Staff Working Paper 2004-10 Oana Secrieru, Marianne Vigneault
Entrepreneurship is a key factor in promoting growth in output and employment. Consequently, to encourage new start-ups, most governments in developed countries have public venture capital programs.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Financial markets, Fiscal Policy, Labour markets JEL Code(s): D, D2, G, G2, G24, G28, J, J2, J24, M, M1, M13

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