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The Impact of Firm Acquisitions on Labor

Charles Brown and James Medoff

No 2273, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: In this paper, we investigate the changes in wages and employment following a firm's involvement in an acquisition, compared with firms not involved in acquisitions. Contrary to the tenor of popular press coverage of acquisitions, which focuses on hostile takeovers of large firms, we find small (and sometimes positive) changes in wages and employment following an acquisition.

Date: 1987-06
Note: LS
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Citations: View citations in EconPapers (23)

Published as The Impact of Firm Acquisitions on Labor , Charles Brown, James L. Medoff. in Corporate Takeovers: Causes and Consequences , Auerbach. 1988

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