Page 393 - Invited Paper Session (IPS) - Volume 2

IPS297 Sophie Limpach et al.
· Using web scraping for detecting MNE restructuring cases. The internet
provides various options and sources of information to search for
mergers and acquisitions of companies. Targeted web search of
companies, its competitors, industry related information in which the
company operates or demographic and economic factors could be
made.
· Exploiting websites and databases dedicated to MNE restructurings.
There are several websites and databases available for information on
restructuring cases. The European Restructuring Monitor (ERM) is an EU-
funded publicly available website listing restructurings of enterprises
announced in the media, with a focus on employment effects. The ERM
offers a searchable database of restructuring events [see EMCC] based
on announcements in national media sources. Private providers offer
comprehensive information on mergers and acquisitions often provided
in searchable databases.
For more information on globalisation in business statistics and
macroeconomic statistics see [Eurostat] and [Eurostat 2019].

9. Conclusions
The EWS is intended as a clearly structured, light (non-legislative)
procedure based on the voluntary cooperation between national data
compilers and Eurostat for the recording of globalisation events in the
European statistics. It has been set up to ensure consistency in terms of applied
methods, statistical treatment and communication of results across the ESS
and the ESCB.
It fully relies on the network of national EWS correspondents, coordinated
by Eurostat. In order to keep the network up to date on the developments of
the EWS, Eurostat organises regular webinars for the national EWS
correspondents and ensures the management of the secure EWS collaborative
platform.
A number of cases have been discussed within the EWS and so far, the
chosen set-up has been adequate. The discussions on recent EWS cases
concerning financial MNEs have shown the beneficial effects of full
cooperation between the ESS and the ESCB.
The EWS is a learning process that is continuously improved as experience
is acquired within the European context. The idea of going beyond European
boarders and covering cases where countries outside the EU are involved in a
globalisation event is currently under discussion.

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