{"id":28322,"date":"2026-06-11T11:09:00","date_gmt":"2026-06-11T09:09:00","guid":{"rendered":"https:\/\/cio.umh.es\/?p=28322"},"modified":"2026-06-11T11:32:33","modified_gmt":"2026-06-11T09:32:33","slug":"seminario-cio-catedra-timo","status":"publish","type":"post","link":"https:\/\/cio.umh.es\/en\/2026\/06\/11\/seminario-cio-catedra-timo\/","title":{"rendered":"Seminario CIO-C\u00e1tedra de Transformaci\u00f3n del Modelo Econ\u00f3mico UMH: Productivity Effects of Mergers, Acquisitions and Restructuring"},"content":{"rendered":"<p><span><strong>T\u00edtulo:<\/strong> Productivity Effects of Mergers, Acquisitions and Restructuring<br \/>\n<\/span><\/p>\n<p><strong>Ponente:<\/strong> Timo Kuosmanen (Turku School of Economics, University of Turku)<\/p>\n<p><span><strong>Fecha y hora:<\/strong> 15\/06\/2026, 13:00<\/span><\/p>\n<p><span><strong>Inscripci\u00f3n online a este seminario (cierre 30 minutos antes del inicio):\u00a0 <\/strong><a href=\"https:\/\/forms.gle\/RbbKAD54eDxpDFLG8\">https:\/\/forms.gle\/RbbKAD54eDxpDFLG8<\/a><\/span><\/p>\n<p><span><strong>Lugar<\/strong><strong>:<\/strong> Sala de Seminarios del Edificio Torretamarit (CIO) y online<\/span><\/p>\n<p><span><strong>Organizadores : <\/strong>Jos\u00e9 Luis Ruiz G\u00f3mez<strong><br \/>\n<\/strong><\/span><\/p>\n<p><strong>Abstract: <\/strong><\/p>\n<div class=\"single-post-wrap entry-content\">\n<p>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 and employees over the period 2010\u20132022, we identify restructuring events through clustered worker flows and incorporate this classification into a structural productivity decomposition framework. The results show that firms involved in restructuring events exhibit significantly higher productivity levels than genuinely entering or exiting firms. Nevertheless, genuine entry and exit make a larger positive contribution to aggregate productivity growth. Firms undertaking acquisitions exhibit a temporary decline in labor productivity around the time of acquisition followed by gradual recovery. These findings highlight the importance of distinguishing between restructuring and genuine market turnover when interpreting productivity dynamics.<\/p>\n<p><strong>Coautores:<\/strong><\/p>\n<ul>\n<li><span>Natalia Kuosmanen<\/span><\/li>\n<li><span>Timo Kuosmanen<\/span><\/li>\n<li><span>Terhi Maczulskij<\/span><\/li>\n<\/ul>\n<p>M\u00e1s informaci\u00f3n sobre la C\u00e1tedra:<\/p>\n<ul>\n<li><a href=\"https:\/\/catedramodeleconomic.umh.es\">https:\/\/catedramodeleconomic.umh.es<\/a><\/li>\n<li><a href=\"https:\/\/www.linkedin.com\/company\/111600124\">https:\/\/www.linkedin.com\/company\/111600124<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" src=\"https:\/\/cio.umh.es\/files\/2026\/04\/catedratransformacioUMH-VAL-2-1024x240.png\" alt=\"\" width=\"750\" height=\"176\" class=\"alignnone wp-image-28276 size-large\" srcset=\"https:\/\/cio.umh.es\/files\/2026\/04\/catedratransformacioUMH-VAL-2-1024x240.png 1024w, https:\/\/cio.umh.es\/files\/2026\/04\/catedratransformacioUMH-VAL-2-300x70.png 300w, https:\/\/cio.umh.es\/files\/2026\/04\/catedratransformacioUMH-VAL-2-768x180.png 768w, https:\/\/cio.umh.es\/files\/2026\/04\/catedratransformacioUMH-VAL-2-1536x360.png 1536w, https:\/\/cio.umh.es\/files\/2026\/04\/catedratransformacioUMH-VAL-2-2048x480.png 2048w, https:\/\/cio.umh.es\/files\/2026\/04\/catedratransformacioUMH-VAL-2-16x4.png 16w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>T\u00edtulo: Productivity Effects of Mergers, Acquisitions and Restructuring<\/p>\n<p>Ponente: Timo Kuosmanen (Turku School of Economics, University of Turku)<br \/>\nFecha y hora: 15\/06\/2026, 13:00<br \/>\nInscripci\u00f3n online a este seminario (cierre 30 minutos antes del inicio):\u00a0 https:\/\/forms.gle\/RbbKAD54eDxpDFLG8<br \/>\nLugar: Sala de Seminarios del Edificio Torretamarit (CIO) y online<br \/>\nOrganizadores : Jos\u00e9 Luis Ruiz G\u00f3mez<\/p>\n<p>Abstract: <\/p>\n<p>A substantial share of firm entry and exit observed [&#8230;]<\/p>","protected":false},"author":3477,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_links_to":"","_links_to_target":""},"categories":[873],"tags":[],"_links":{"self":[{"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/posts\/28322"}],"collection":[{"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/users\/3477"}],"replies":[{"embeddable":true,"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/comments?post=28322"}],"version-history":[{"count":0,"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/posts\/28322\/revisions"}],"wp:attachment":[{"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/media?parent=28322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/categories?post=28322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cio.umh.es\/en\/wp-json\/wp\/v2\/tags?post=28322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}