The dynamic impacts of M&A on target firm’s labor in Japan: tentative dynamic panel estimation by GMM
Toshihiro Yamada and
Hiroyuki Taguchi ()
MPRA Paper from University Library of Munich, Germany
Abstract:
This paper provides a systematic empirical analysis of the effects of the M&A on target firm’s employment in Japan. It may contribute to the Japanese literature by capturing the dynamic employment impacts of firm acquisition using latest micro data. Our main findings are: the immediate effects of firm acquisition on target firm’s employment proved to be significantly negative presumably due to labor restructuring intended by the acquiring firm, while the negative effects do not appear to last as the subsequent dynamic impacts on target firm’s employment.
Keywords: M&A; firm acquisition; dynamic employment effects (search for similar items in EconPapers)
JEL-codes: D21 M51 (search for similar items in EconPapers)
Date: 2010-05
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:64842
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