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

Petri Böckerman () and Eero Lehto

No 221, Working Papers from Työn ja talouden tutkimus LABORE, The Labour Institute for Economic Research LABORE

Abstract: This paper analyses the employment effects of mergers and acquisitions (M&As) by using matched establishment-level data from Finland over the period 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 they exhibit an interesting sectoral variation.

Keywords: mergers and acquisitions; M&As; takeovers; employment; workforce (search for similar items in EconPapers)
JEL-codes: G34 J23 L23 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2006-09-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Enemy of Labour? Analysing the Employment Effects of Mergers and Acquisitions (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:pst:wpaper:221

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