Employment Effects of Acquisitions: Evidence from Acquired European Firms

Employment Effects of Acquisitions: Evidence from Acquired European Firms This paper examines the employment effects of acquisitions for acquired European firms, taking non-random selection of acquisition targets explicitly into account. Following the empirical firm growth literature and theories put forward in the mergers and acquisition (M&A) literature, we control for convergence dynamics in firm size and distinguish between different types of acquisitions. Empirically, we estimate an endogenous treatment model using accounting data for a newly created sample of acquired and non-acquired European firms. Our results reveal positive employment effects for different types of acquisitions indicating that M&As likely induce efficiency gains. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Industrial Organization Springer Journals

Employment Effects of Acquisitions: Evidence from Acquired European Firms

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Publisher
Springer US
Copyright
Copyright © 2012 by Springer Science+Business Media, LLC.
Subject
Economics / Management Science; Industrial Organization; Microeconomics
ISSN
0889-938X
eISSN
1573-7160
D.O.I.
10.1007/s11151-012-9353-9
Publisher site
See Article on Publisher Site

References

  • How domestic and foreign firms differ and why does it matter
    Bellak, C.
  • Alternative approaches to evaluation in empirical microeconomics
    Blundell, R.; Costa Dias, M.

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