Enemy of Labour? Analysing the Employment Effects of Mergers and Acquisitions

Eero Lehto and Petri Böckerman ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper analyses the employment effects of mergers and acquisitions by using matched establishment-level data from Finland over the period of 1989-2003. The data covers all sectors. We compare the employment effects of cross-border M&As with the effects arising from two different types of domestic M&As and internal restructurings. The results reveal that cross-border M&As lead to downsizing in manufacturing employment. The effects of cross-border M&As on employment in non-manufacturing are much weaker. Changes in ownership associated with domestic M&As and internal restructurings also typically cause employment losses, but these is interesting sectoral variation.

Keywords: Mergers and acquisitions; M&As; takeovers; employment; workforce (search for similar items in EconPapers)
JEL-codes: J60 J63 (search for similar items in EconPapers)
Date: 2006-10-15
New Economics Papers: this item is included in nep-com
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/1812/1/MPRA_paper_1812.pdf original version (application/pdf)

Related works:
Working Paper: Enemy of Labour? Analysing the Employment Effects of Mergers and Acquisitions (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:1812

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().